Amy Shields is news editor of Drapers and fashion correspondent for Retail Week
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Former Asda chief executive Allan Leighton, who was confirmed as chairman of value retailer Peacocks this week, will focus on overseas expansion and UK consolidation.
The new chairman of TJ Hughes has refinanced the discount department store business and set out to address its sourcing strategy after soaring costs and slumping margins drove the business to the brink.
The Peacock Group has entered exclusive talks with private equity investor Duke Street about a sale of its mature womenswear business Bonmarché.
Beales chief executive Tony Brown has vowed the department store chain will return to profit within 18 months following the acquisition of 19 stores from Anglia Regional Co-operative Society (ARCS).
Smaller shop formats planned for collection of online orders as customer demand grows
All Saints is close to being bought by surprise suitor M1, a Beirut-based business co-founded by the likely next Lebanese Prime Minister, in partnership with Richard Sharp, the former head of Goldman Sachs’ private equity firm. A deal could be finalised as early as Monday.