All City & finance articles – Page 129
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NewsHolland & Barrett boss Tony Buffin to depart in reward dispute
Holland & Barrett chief executive Tony Buffin is to quit the retailer little more than a year after being appointed, Retail Week understands.
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Opinion‘As shoppers flock online, investors are following’
The Issa brothers’ £6.8bn swoop on Asda may be an exception that proves the rule. While the forecourt convenience retail entrepreneurs have put their money into a primarily bricks-and-mortar business, other people’s cash is increasingly going elsewhere.
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NewsClarks launches CVA in bid to close stores as part of rescue deal
Footwear specialist Clarks has launched a CVA in a bid to shutter stores and secure a much needed cash injection from outside investors.
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NewsDecathlon plans more UK stores as sales climb
Sporting goods giant Decathlon has reported a rise in annual sales in the UK and plans to open more stores here this year and next.
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NewsWagamama owner The Restaurant Group swings to loss
The owner of high street restaurant chains Wagamama and Frankie & Benny’s has swung to a half-year loss after being “severely impacted” by the coronavirus crisis.
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NewsWatches of Switzerland increases profit guidance as sales surge
Watches of Switzerland has increased its full-year profit guidance following “stronger than expected” sales performance during its second quarter.
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NewsAnn Summers CVA ‘likely’ as landlord talks stall
Ann Summers has kicked off talks with the British Property Federation (BPF) that will likely lead to the launch of a CVA after failing to negotiate better rental terms with some landlords.
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NewsMulberry losses deepen due to Covid-19
Struggling global handbag and accessories retailer Mulberry has seen its losses deepen due to the ongoing effects of the coronavirus on sales.
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NewsDeliveroo drafts in Goldman Sachs as it eyes London float
Delivery app Deliveroo has drafted in investment bank Goldman Sachs to help guide it to a float on the London Stock Exchange.
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AnalysisProfile: Asda’s new owners – the billionaire brothers with community values
Britain’s third-largest supermarket chain Asda has returned to private ownership, but who are the billionaire brothers behind the £6.8bn deal? Retail Week takes a closer look at Mohsin and Zuber Issa.
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NewsIssa brothers’ Asda swoop ‘not a traditional private equity deal’
Asda’s chief financial officer has said the £6.8bn sale of the retailer is “not a traditional private equity deal” as the billionaire Issa brothers reflect the grocer’s values and long-term strategic aims.
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NewsClarks pension trustees draft in advisors to secure fresh investment
The pension trustees of shoe specialist Clarks have drafted in advisers in a bid to bring fresh investment into the struggling retailer which has been battered by the effects of the coronavirus.
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Opinion‘Whisper it for now, but retail is on the road to recovery’
One would be forgiven for thinking retail was on its proverbial deathbed given some of the media coverage of the past few days.
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NewsH&M returns to profit as it looks to emerge ‘stronger’ post-Covid
H&M has reported a profit in its third quarter, as chief executive Helena Helmersson believes “the worst is behind us”.
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NewsKingfisher offloads Russian Castorama chain for £73m
Kingfisher has sold its Castorama division in Russia to domestic chain Maxidom in a £73m deal.
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NewsHalfords raises profit expectations as sales surge
Halfords has upped its profit expectations for the half-year mark but stresses that economic uncertainty may hamper its second-half performance.
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NewsLandlords mull legal action against retailers as rent slumps to new lows
Landlords are considering taking action against “well capitalised” retail businesses refusing to pay rents under the cover of the government’s moratorium, as takings for yesterday’s September quarterly rent day slid to just 12.7%.
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NewsThe Hut Group snaps up Perricone MD in $60m deal
The Hut Group has bolstered its beauty portfolio with the acquisition of luxury skincare brand Perricone MD.
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NewsN Brown sales recovery driven by demand for homeware range
N Brown has reported a recovery in sales from its first-quarter nadir, hailing a resurgence in apparel sales and a surge in demand for its new homeware range.
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NewsTopps Tiles confident of turning a ‘modest’ profit following strong fourth quarter
Topps Tiles said it was confident of generating a “modest level of adjusted profit before tax” for the end of its financial year, following a strong fourth quarter of trading.