All City & finance articles – Page 173
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NewsMulberry in the red as tough UK trading and investments take toll
Mulberry’s total revenues and pre-tax profits both fell last year, despite healthy growth in its international sales.
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NewsMonsoon offers landlords share of profits ahead of CVA
Monsoon Accessorize has rejected landlords’ demands for an equity stake in favour of a share of future profits, ahead of its mooted CVA proposal.
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AnalysisExclusive: Profits climb at Dreams for fifth year
As Dreams posts sales and profit growth for the fifth year in a row, Retail Week talks exclusively to boss Mike Logue about how the beds specialist continues to avoid the nightmare that so many other retailers are facing.
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NewsMonsoon CVA under pressure as landlords cast doubts
Monsoon’s proposed company voluntary arrangement is already facing opposition from large landlords ahead of its reported launch tomorrow, Retail Week understands.
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NewsSainsbury’s cuts prices on more than 1,000 own-brand products
Sainsbury’s has said that since February it has reduced prices on more than 1,000 of its own-brand products as it continues to invest “to offer the customers the best choice”.
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NewsGlobal Fashion Group sets IPO price range
Online fashion retailer Global Fashion Group, which operates in 17 countries, has set an IPO price range of between €6 and €8 per share.
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NewsArcadia faces US legal action over Topshop closures
A group of US property owners have launched legal action against Sir Philip Green’s Topshop business after its bankruptcy there.
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NewsSuperdrug full-year profits slip despite sales uplift
Superdrug has recorded a decline in full-year profits, but boss Peter MacNab said he was “pleased with the company’s performance in challenging times”.
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InterviewHow Co-op’s Whitfield is making convenience more convenient
The Co-op’s food chief executive Jo Whitfield discusses her plans to build a grocery business based on what people actually want. Hugh Radojev reports
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NewsMonsoon landlords pile on pressure for equity stake
Property owners have demanded better terms from Monsoon Accessorize owner Peter Simon as he seeks to push ahead with a CVA.
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NewsAgenda: Dixons Carphone and N Brown update the market
Retail Week looks ahead to the next seven days with updates from Dixons Carphone and N Brown, and the latest ONS retail sales figures on the agenda.
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OpinionOpinion: Ted’s tired product could make it vulnerable to takeover
Ted Baker, which was until very recently a stock market darling, has issued its second profit warning in four months.
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NewsArcadia to axe 170 head office jobs
Arcadia is wielding the axe on 170 head office jobs as Sir Philip Green’s fashion group ramps up its turnaround efforts.
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NewsIceland profits fall after trading conditions and costs bite
Iceland has posted a decline in full-year profits after confronting challenging trading conditions and bearing increased costs.
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AnalysisArcadia CVA: Saved today, gone tomorrow?
Arcadia’s second attempt to get its CVA approved was successful today. Retail Week explores whether this will be the beginning of Arcadia’s revival or simply a stay of execution
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NewsArcadia CVA passes, safeguarding 17,000 jobs
Arcadia’s CVA has been approved after today’s second creditor meeting when all seven votes passed muster with landlords, suppliers and the pension authorities.
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NewsWaterstones owner joins race for Majestic Wine
Elliott Advisors – the investment company that owns Waterstones and most recently acquired Barnes & Noble – has made a bid for Majestic Wine.
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NewsArcadia CVA on knife edge as Intu rejects revised deal
Arcadia’s biggest landlord operator Intu has rejected the retailer’s revised CVA proposal, but the Topshop owner remains hopeful of salvaging its controversial deal ahead of the second vote on Wednesday.
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NewsQuiz axes Zalando partnership as return rates soar
Quiz has cut ties with German etail marketplace Zalando after return rates selling via the platform rocketed.
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NewsQuiz profits wiped out as discounting takes toll
Fashion retailer Quiz has reported a slump in full-year profits but maintained it can “return to sustainable profitable growth”.