All City & finance articles – Page 64
-
NewsBusiness rates to increase £1.7bn in 2024
Retail businesses will have to find an extra £1.7bn next year to pay for business rates, in line with September’s 6.7% rate of inflation.
-
NewsExclusive: New Look completes £100m refinancing
Fashion retailer New Look has successfully completed a £100m debt refinancing deal as it recorded a full-year loss before tax despite an increase in EBITDA and revenue.
-
NewsTHG recovery builds after a ‘best ever’ performance by MyProtein
THG, which owns brands including Lookfantastic, Cult Beauty and MyProtein, has posted a steady rise in revenue as it maintained its profit guidance for the year ahead.
-
NewsTHG explores taking MyProtein public in the US
THG, which owns Lookfantastic and Cult Beauty, is exploring plans to list MyProtein, its nutritional arm, in the US.
-
NewsExclusive: Orlando Capital joins race to buy Body Shop
German private equity firm Orlando Capital has emerged as the latest player in the running to buy The Body Shop, Retail Week can reveal.
-
NewsTed Baker owner steps in to prop up struggling retailer
Authentic Brands Group, the US-based owner of Ted Baker, has moved to head off a cash crunch at the fashion retailer as the company appointed to run operations struggles to raise financing.
-
NewsNext acquires Fat Face for £115m
Next has struck a deal to acquire fashion retailer Fat Face for the value of £115.2m.
-
NewsBoots delivers growth in market share driven by beauty and skincare
Boots delivered 11.7% year-on-year growth in retail sales in the three months to August 31, 2023, as its market share grew for the 10th consecutive quarter.
-
NewsMarks Electrical posts revenue growth with ‘continued market share gains’
Marks Electrical has posted a boost in revenue and continues to gain market share in the major domestic appliance and consumer electronics markets.
-
NewsNext eyes Fat Face takeover in £100m deal
Fashion giant Next is closing in on a takeover of Fat Face in a deal worth more than £100m, according to reports.
-
NewsJigsaw swings to profit as shoppers return to stores
Fashion retailer Jigsaw is back in the black following a boom in sales of dresses and tailoring as customers return to stores.
-
NewsCurrys Greek business receives bids from ‘several potential buyers’
Currys is weighing up offers for its Greek and Cypriot business Kotsovolos after receiving interest from “several potential buyers”.
-
NewsRiver Island profits plummet as it struggles with excess stock
Fashion retailer River Island has reported plummeting operating profits for the 2022 financial year as the brand battled to clear excess stock and rising inflation.
-
NewsCredit insurer cuts cover for The Very Group suppliers
The Very Group’s credit insurer Allianz Trade has cut cover for its suppliers, which threatens to increase financial pressures on the retailer, according to reports.
-
NewsExclusive: Body Shop owners set deadline for final bids
Retail Week understands that Natura & Co has set a final deadline for bids from interested parties for The Body Shop of October 23.
-
NewsExclusive: Fat Face boss Will Crumbie says product is ‘at the heart’ of success as sales soar
Fat Face boss Will Crumbie has said product is “at the heart” of its success as the fashion retailer reported a surge in sales and profits for the full year.
-
NewsExclusive: Prospective bidders for The Body Shop balk at £500m valuation
Private equity bidders in the running to buy The Body Shop are being put off by its Brazilian owner Natura’s high valuation on any potential sale, Retail Week can reveal.
-
NewsTopps Tiles sales soar in ‘record’ year
Topps Tiles has posted an increase in sales and said it expects adjusted profit before tax to be “in line with market expectations” as it hailed another “record” year.
-
NewsTesco profits and sales surge as focus on value pays off
Tesco has posted an increase in both profits and sales during its first half, as well as raising its full-year profit guidance, as its investment in value and quality pays off.
-
AnalysisThe issues plaguing Boohoo as it loses battle against Shein
As Boohoo posted a fall in revenue and profits earlier today for the six months to August 31, Retail Week looks at what’s going wrong at the fashion giant as it continues to fall behind in the fast-fashion battle.