Latest finance news – Page 208
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NewsN Brown sales fall despite digital growth
N Brown sales fell in its first quarter despite a healthy performance across its digital channels.
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NewsJD.com hits record $29.2bn sales in 6.18 shopping festival
Chinese ecommerce titan JD.com made a record-breaking $29.2bn (£23.2bn) in sales during its annual 6.18 shopping festival, bolstered by orders from smaller cities.
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NewsNext acquires Fabled beauty brand from Ocado
Next has bought Marie Claire Beauty Limited from Ocado in a deal that is guaranteed to net a minimum of £3m for the online grocer and technology company.
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NewsMulberry in the red as tough UK trading and investments take toll
Mulberry’s total revenues and pre-tax profits both fell last year, despite healthy growth in its international sales.
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NewsMonsoon offers landlords share of profits ahead of CVA
Monsoon Accessorize has rejected landlords’ demands for an equity stake in favour of a share of future profits, ahead of its mooted CVA proposal.
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NewsFormer BHS owner Chappell in court over tax fraud charges
Former BHS owner Dominic Chappell has appeared in court facing charges of tax fraud and money laundering.
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NewsMonsoon CVA under pressure as landlords cast doubts
Monsoon’s proposed company voluntary arrangement is already facing opposition from large landlords ahead of its reported launch tomorrow, Retail Week understands.
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NewsSainsbury’s cuts prices on more than 1,000 own-brand products
Sainsbury’s has said that since February it has reduced prices on more than 1,000 of its own-brand products as it continues to invest “to offer the customers the best choice”.
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NewsGlobal Fashion Group sets IPO price range
Online fashion retailer Global Fashion Group, which operates in 17 countries, has set an IPO price range of between €6 and €8 per share.
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NewsArcadia faces US legal action over Topshop closures
A group of US property owners have launched legal action against Sir Philip Green’s Topshop business after its bankruptcy there.
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NewsSuperdrug full-year profits slip despite sales uplift
Superdrug has recorded a decline in full-year profits, but boss Peter MacNab said he was “pleased with the company’s performance in challenging times”.
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NewsMonsoon landlords pile on pressure for equity stake
Property owners have demanded better terms from Monsoon Accessorize owner Peter Simon as he seeks to push ahead with a CVA.
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NewsAgenda: Dixons Carphone and N Brown update the market
Retail Week looks ahead to the next seven days with updates from Dixons Carphone and N Brown, and the latest ONS retail sales figures on the agenda.
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NewsArcadia to axe 170 head office jobs
Arcadia is wielding the axe on 170 head office jobs as Sir Philip Green’s fashion group ramps up its turnaround efforts.
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NewsIceland profits fall after trading conditions and costs bite
Iceland has posted a decline in full-year profits after confronting challenging trading conditions and bearing increased costs.
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NewsTesco like-for-likes nudge up as Booker boosts growth
Tesco like-for-likes inched up in its first quarter as its sales were boosted by its merger with Booker.
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NewsMajestic appoints John Walden as chair as it swings to loss
Majestic has appointed John Walden as its chair as it prepares to sell its core business to focus on Naked Wines.
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NewsArcadia CVA passes, safeguarding 17,000 jobs
Arcadia’s CVA has been approved after today’s second creditor meeting when all seven votes passed muster with landlords, suppliers and the pension authorities.
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NewsWaterstones owner joins race for Majestic Wine
Elliott Advisors – the investment company that owns Waterstones and most recently acquired Barnes & Noble – has made a bid for Majestic Wine.
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NewsArcadia CVA on knife edge as Intu rejects revised deal
Arcadia’s biggest landlord operator Intu has rejected the retailer’s revised CVA proposal, but the Topshop owner remains hopeful of salvaging its controversial deal ahead of the second vote on Wednesday.