All City & finance articles – Page 12
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News
London Designer Outlet reports record Black Friday
London Designer Outlet (LDO) at Wembley Park has recorded a record Black Friday, exceeding last year’s record sales performance by 8.6%.
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ProCook boss expects profit to break even as it plans return to growth
ProCook chief executive Lee Tappenden has said he is “cautiously optimistic” about Christmas trading following a strengthened Black Friday performance.
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ProCook shows strong golden quarter trading
ProCook losses have improved, but the retailer is still in the red despite outperforming the market over Black Friday and the early part of Christmas trading.
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Revolution Beauty reaches legal settlement with co-founder
Revolution Beauty has announced it has reached a £490,000 settlement agreement with co-founder Tom Allsworth.
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Pepco posts ‘disappointing profit outturn’ despite record sales
Discount retailer and Poundland parent company Pepco Group has posted a “disappointing profit outturn” after record European store openings and despite a record 17.7% growth in full-year revenue.
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Sosandar swings to loss despite growth in revenue
Sosandar reported a loss in the first half of the year despite a growth in revenue as it continues to move towards a multichannel model.
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Shein considers potential for UK IPO
Fast-fashion giant Shein is reportedly in talks with the London Stock Exchange about the possibility of a public listing in the UK.
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Lululemon hails strong ‘early performance’ ahead of Christmas
Sportswear retailer Lululemon has posted a “strong” third quarter and hailed its “early performance” ahead of the peak Christmas trading period as the brand continues to resonate with shoppers globally.
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Interview
Q&A: Frasers CFO Chris Wootton on luxury demand and future acquisitions
As Frasers reports an increase in sales and profit across its portfolio, driven by the group’s elevation strategy, Retail Week speaks to chief financial officer Chris Wootton about what’s next for the retail powerhouse
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Activist investor Kelso urges THG to demerge business
Activist investor group Kelso Group Holdings has urged ecommerce giant THG to consider a demerger of its three business divisions “to maximise shareholder value”.
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Watches of Switzerland flat sales offset by ‘strong momentum in US’
Watches of Switzerland has posted flat group sales that were strengthened by its trading performance in the US.
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Frasers sales and profit rise as elevation strategy pays off
Frasers has reported an increase in sales and profit across its portfolio as the group’s elevation strategy continues to “drive strong trading performance”.
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Matches fires up equity raise to support turnaround
Luxury fashion retailer Matches is reportedly considering an equity raise in a bid to support its business turnaround strategy.
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Moonpig profits and sales grow
Online greeting cards specialist and technology platform Moonpig reported a growth in profits and sales, despite the challenging macroeconomic environment.
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Ted Baker owner secures new funding for struggling brand
Ted Baker owner Authentic Brands Group has secured new funding for the retailer, which it said will help grow its UK and European operations.
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Private equity eye potential £100m Jollyes sale
Jollyes, one of the UK’s largest privately owned pet retailers, is being eyed up by private equity firms in a deal that could be worth more than £100m.
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Regulators urged to claw back millions in Wilko dividends
The chair of the Commons business and trade committee has urged UK regulators “explore every option” to claw back millions in dividends paid to Wilko’s founding family.
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Interview
Q&A: Castore boss Tom Beahon on the next steps after raising £150m
As Castore announced today that it has raised £150m in new capital investment, co-founder and chief executive Tom Beahon speaks to Retail Week about the sportswear retailer’s meteoric rise and expansion plans, the importance of global partners and the key to success moving forward
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Mulberry losses deepen despite booming international sales
Luxury fashion and accessories retailer Mulberry has reported deepening losses despite booming revenue internationally as it continues to invest in its “long-term future”.
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Dr Martens warns on profits as ‘increasingly difficult’ US market takes toll
Dr Martens has issued a profit warning as it said ongoing problems with its US business “will take longer” to fix than first thought.