Latest finance news – Page 20
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NewsExclusive: Fenwick back in black after sale of Bond Street store
Department store group Fenwick has reported a return to profit, Retail Week can reveal.
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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.
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NewsFrasers acquires German sportswear retailer
Frasers Group has entered a binding agreement to acquire German sports retailer SportScheck as it looks to “grow its presence in Germany, one of the biggest sports markets in Europe.”
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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.
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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.
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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.
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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.
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NewsNext acquires Fat Face for £115m
Next has struck a deal to acquire fashion retailer Fat Face for the value of £115.2m.
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NewsWilko website resumes trading under new owner The Range
The website wilko.com has restarted its home delivery for online orders under its new owner The Range.
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NewsIkea UK sales climb as it promises to reduce prices
Ikea has posted strong sales growth and promised to reduce prices in the next financial year.
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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.
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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.
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NewsHotel Chocolat swings to loss as online struggles
Hotel Chocolat has slipped into the red with revenues dropping 10%, owing to lower online and international sales.
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NewsN Brown sales hit by unseasonable weather
N Brown has seen revenues drop after challenging market conditions and unseasonable weather hampered sales.
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NewsPoundland owner Pepco Group posts record growth
Pepco Group has posted record full-year sales growth but said performance was “mixed” against a challenging backdrop.
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NewsBirkenstock sets New York IPO price tag
German footwear retailer Birkenstock has set an IPO price of $46 per share as it prepares to float on the New York Stock Exchange.
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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.
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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.
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NewsSelfridges records leap in revenue as shoppers return to stores
Selfridges has posted a rise in revenue that it credited to shoppers returning to its London and Manchester stores.
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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”.