All City & finance articles – Page 170
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AnalysisHow has Liberty written a department store success story?
Liberty has had its controlling stake owned by BlueGem sold for £300m – a significant mark up from its £32m acquisition of the business in 2010. Retail Week looks at what has made the luxury department store a success story and how it continues to brace itself against the backdrop of retail uncertainty.
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NewsSports Direct drops Debenhams CVA challenge
Sports Direct has withdrawn its legal challenge to Debenhams’ CVA – but will continue to fund the objection lodged by one of the department store chain’s landlords.
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NewsCBI: New PM must bring in annual business rates reviews
The Confederation of British Industry has called on the next prime minister to deliver annual business rates revaluations, as part of a sweeping manifesto to “get the UK economy back on track”.
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NewsHomebase rescues Bathstore from administration
Homebase has rescued Bathstore from administration, taking on more than 40 of its stores and saving 154 jobs.
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NewsBen Sherman owner eyes Jack Wills acquisition
The owner of fashion label Ben Sherman, Marquee Brands, is among those eyeing a potential acquisition of troubled Jack Wills.
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NewsTed Baker founder Ray Kelvin considers backing buyout
Ted Baker founder and former chief executive Ray Kelvin is mulling support for a private equity buyout of the company, just four months after leaving following allegations of sexual harassment.
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NewsAgenda: Joules, B&M and Bonmarché update the market
Retail Week looks ahead to the next seven days with updates from Joules, Bonmarché and the Kantar/Nielsen figures on the agenda.
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AnalysisAnalysis: Has Asos fallen out of fashion?
Once a darling of the stock market, struggling fashion retailer Asos issued another profit warning alongside its third-quarter trading update this week.
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NewsDebenhams to seek additional £50m from lenders
Debenhams is set to ask its lenders for a further £50m cash injection to carry the struggling retailer through Christmas trading.
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NewsHotel Chocolat full-year sales climb driven by ‘innovation’
Hotel Chocolat has recorded a healthy rise in its full-year sales bolstered by “strong growth” across all divisions of its business.
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NewsWatches of Switzerland profits soar in maiden results
Watches of Switzerland recorded surging profits bolstered by rising sales in what boss Brian Duffy described as a year of “strong, profitable growth”.
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OpinionOpinion: Has Mike Ashley made a meal of his masterplan?
Sports Direct’s postponement of its full-year results has set off City alarm bells – has the retailer’s founder Mike Ashley bitten off more than he can chew?
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NewsPoundland owner sales rise as chain ‘outperforms’ high street
Pepkor Europe, owner of businesses including Poundland in the UK, has seen profits and revenue rise during the first half of its financial year.
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NewsBurberry revenue rise driven by new product
Burberry has posted an increase in revenue for the first quarter and hailed the “excellent customer response” to some of its new product lines.
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NewsPets at Home buys into dog-walking service Tailster.com
Pets at Home has taken a stake in online pet-sitting service Tailster as it targets a bigger slice of a market said to be worth more than £1bn per year.
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NewsSports Direct delays full-year results
Sports Direct has delayed the filing of its full-year results due to the “complexities” sparked by its House of Fraser acquisition.
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NewsTravis Perkins accelerates Wickes disposal plans
Travis Perkins is ramping up plans to sell its Wickes DIY business and could offload the chain by the middle of next year.
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NewsAgenda: Sports Direct, AO.com and Watches of Switzerland update the market
Retail Week looks ahead to the next seven days with updates from Sports Direct, AO.com and Watches of Switzerland on the agenda.
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NewsHobbycraft full-year profits surge as sales rise
Hobbycraft has posted a strong uplift in profits as the retailer’s sales increased thanks to smaller-format store and online revenue.
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NewsDFS profits on track after ‘strong trading performance’
DFS has said it expects to deliver underlying profits in line with expectations, assisted by strong sales growth across its brands.