Latest finance news – Page 25
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Oh Polly hails ‘exceptional’ performance as sales boom
Fashion etailer Oh Polly has credited its “exceptional” full-year financial performance to strong revenues and profits following its international expansion progress.
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Footasylum sales rise despite fall in profits
Footasylum has posted an increase in sales, which it credited to strong store performance despite a fall in profits for the full financial year.
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New Look closes in on £100m refinancing deal
Fashion retailer New Look is reportedly in “advanced talks” with Blazehill Capital and Wells Fargo regarding a £100m debt refinancing deal to replace a loan that is set to mature next June.
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Exclusive: OnBuy ‘exploring possible synergy’ with Putman to save Wilko
UK-based online marketplace OnBuy is exploring a “possible synergy” with HMV owner Doug Putman as they look to save Wilko, Retail Week can reveal.
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Exclusive: Superdry cannot afford to get product wrong, warns CFO
Superdry chief financial officer Shaun Wills has said the retailer cannot afford to get its product wrong as it enters the autumn/winter season, after it posted an annual loss of £148.1m.
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Frasers raises Boohoo stake for second time in a week
Frasers raised its stake in Boohoo for the second day in a row as it continues to build its “strategic investments”.
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Next buys £128m stake in Reiss from private equity firm
Fashion giant Next has confirmed the purchase of private equity firm Warburg Pincus’ 34% stake in Reiss, upping the retailer’s total stake to 72%.
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HMV owner Putman moves closer to rescue deal for Wilko
HMV owner Doug Putman is said to be edging closer to buying a large portion of troubled retailer Wilko.
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Lululemon sales jump as revenue ‘exceeds expectations’
Lululemon has recorded strong sales and revenue growth that “exceeded expectations” as it continues to enhance its business model and product offering.
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Wilko redundancies to go ahead as rescue bid collapses
Wilko redundancies will go ahead as a last-minute rescue bid from a private equity firm has fallen through.
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Revolution Beauty sales increase despite ‘well-publicised upheaval’
Revolution Beauty posted an increase in sales driven by the “relevance, affordability and strength of the Revolution Brand” despite “well-publicised upheaval” for the business.
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M&S returns to FTSE 100 after four years
Marks & Spencer has returned to the FTSE 100 index after four years as its share price surged and its turnaround strategy paid off.
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Superdry shares suspended as results delayed
Shares in fashion retailer Superdry have been suspended as full-year results were delayed.
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The Works posts profit fall but says strategy bearing fruit
Crafts, toys and books retailer The Works has posted a fall in full-year profits but said current trading is in line with expectations.
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Wilko redundancies on hold while rescue bids considered
Redundancies at Wilko have been put on hold while last-minute rescue bids for the troubled retail chain are considered.
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Natura eyes sale of The Body Shop
The Body Shop’s parent company Natura & Co is reportedly eyeing a sale of the business after difficulties making the retailer more profitable.
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GMB seeks ‘urgent meeting’ with business secretary regarding Wilko administrators
The GMB union is reportedly seeking an “urgent meeting” with business secretary Kemi Badenoch to confirm that Wilko administrator PwC is considering all bids for the collapsed value retailer.
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Clintons to close 38 stores as restructuring plan approved
Clintons will close 38 stores after an insolvency court approved a restructuring plan to avoid a complete collapse of the business, the Evening Standard has reported.
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UK consumer confidence regains momentum in August
UK consumer confidence regained momentum in August showing signs of “renewed optimism” after it had a dramatic six-point fall in July.
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HMV owner Putman makes last-minute offer for Wilko
HMV owner Doug Putman has made a last-ditch offer to save troubled retailer Wilko after the company fell into administration.