Latest finance news – Page 105
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NewsSuperdry boss Dunkerton in talks over potential buyout
Superdry boss and co-founder Julian Dunkerton has held talks with private equity backers with an eye to a potential buyout of the company.
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NewsIn the Style launches strategic review as it swings to loss
Fashion brand In the Style has launched a strategic review of the business after its chief executive stood down and the business swung to a loss.
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NewsFrasers Group profits and sales surge on the back of acquisitions
Frasers Group’s profits and revenues have soared, driven by the retailer’s new brand acquisition strategy, disposal of some assets and the continued growth of Flannels.
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NewsExclusive: Fat Face profitability returns to pre-pandemic levels
Fashion retailer Fat Face’s pre-tax profits jumped following a record sales performance last year that helped profitability return to pre-pandemic levels.
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NewsQuiz swings to profit as sales rebound post-pandemic
Quiz has swung back into the black as sales rebounded in its stores, concessions and online following the disruption of the pandemic.
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NewsMoonpig lowers sales forecasts amid ‘challenging’ pre-Christmas trading
Moonpig has reduced its full-year sales forecasts after turbulent trading conditions hit its top line.
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NewsSainsbury’s pledges to keep prices low with further £50m investment
Sainsbury’s is to plough a further £50m into keeping prices low by March 2023 in a bid to help customers manage the rising cost of living.
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NewsSearch begins for successor to Morrisons boss Potts
Morrisons’ private equity owner is pondering an eventual successor to chief executive David Potts.
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NewsHush poaches former Feelunique boss for chief executive role
Womenswear brand Hush has poached former Feelunique boss Sarah Miles to be its new chief executive.
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NewsJohn Lewis launches £500m rental homes joint venture
John Lewis has partnered with investment firm Abrdn on a £500m, multi-decade partnership to deliver part of its rental homes target.
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NewsNext elbows out Foschini with last-minute swoop on Joules alongside founder
Fashion powerhouse Next has teamed up with Joules founder Tom Joule to buy the retailer, fending off competition for control from Phase Eight owner Foschini.
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NewsPhase Eight owner poised to snap up Joules
Foschini, the owner of fashion retailers Phase Eight, Hobbs and Whistles, is close to buying bust counterpart Joules from administrators.
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NewsHotel Chocolat pins hopes on stores in tough trading conditions
Hotel Chocolat bosses hope the resurgence of stores will help it navigate tough conditions following a year of restructuring.
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NewsH&M to cut 1,500 jobs amid tough retail conditions
Fashion giant H&M is to axe 1,500 roles as it seeks efficiencies and consumers watch their spending as the cost-of-living crisis bites.
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NewsMarks & Spencer acquires Thread specialist fashion tech in personalisation push
Marks & Spencer is to amp up the personalisation of its fashion offer after acquiring the intellectual property of specialist marketplace Thread, which had collapsed into administration.
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NewsMulberry swings to loss in face of increased costs
Global handbag and accessories retailer Mulberry has swung to a loss as it grapples with factors such as the end of government Covid-19 support and the cost-of-living crisis.
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News‘Bleak winter’ ahead as inflationary shop prices break new records
With shop price inflation showing no signs of slowing down heading into the final month of the year, the British Retail Consortium has predicted an “increasingly bleak” winter for retail.
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NewsExclusive: Wickes to invest £3.5m in early pay rise for staff
Wickes is bringing forward its annual pay review to support staff during the cost-of-living crisis.
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NewsExclusive: Wilko starts tough year on back foot with loss
Wilko swung to a loss at the beginning of the year, as the tail end of lockdowns, supply chain disruption and plummeting consumer demand all took their toll.
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NewsSuperdry confirms £70m refinancing loan talks
Superdry has confirmed it is in talks to borrow up to £70m from Bantry Bay Capital.