Retail news round-up on January 25, 2016: Mountain Warehouse considers stock market listing, Tesco shuts food-to-go trial stores.
Mountain Warehouse mulls stock market flotation
Mountain Warehouse is eyeing a stock market listing that could crystallise a multi-million-pound fortune for its founder and majority owner, Mark Neale, The Sunday Times reported.
The outdoor retailer is believed to have appointed investment bankers from Rothschild to advise on a fundraising.
It is understood the flotation could net the company at more than £200m.
Tesco to shut 'food-to-go' concept stores
Tesco will close its two food-to-go concept stores in London on March 4, previously opened to lure in lunchtime trade.
The grocer admitted the move comes as the customers were not interested, The Telegraph reported.
The outlets were aimed at City workers with 100 different sandwich options, soups and ready meals.