Latest finance news – Page 209
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NewsSelect CVA gets green light from creditors
Select has secured approval for its second CVA in just over 12 months as 87% of creditors backed its latest proposal.
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NewsQuiz axes Zalando partnership as return rates soar
Quiz has cut ties with German etail marketplace Zalando after return rates selling via the platform rocketed.
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NewsQuiz profits wiped out as discounting takes toll
Fashion retailer Quiz has reported a slump in full-year profits but maintained it can “return to sustainable profitable growth”.
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NewsTed Baker warns on profits amid ‘extremely difficult conditions’
Fashion retailer Ted Baker has suffered in a harsh trading environment and warned that full-year profits will come in at between £50m and £60m.
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NewsPaul Geddes among candidates to become Kingfisher boss
Paul Geddes is one of the top candidates to become chief executive of DIY giant Kingfisher, Retail Week understands.
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NewsAgenda: Tesco, Ted Baker and Boohoo update the market
Retail Week looks ahead to the next seven days with updates from Tesco, Boohoo, Majestic Wine and the postponed result of the Arcadia CVA vote on the agenda.
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NewsBarnes & Noble snapped up by Waterstones owner
Barnes & Noble has been acquired by Waterstones’ parent company Elliott Advisors in an all-cash deal.
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NewsArcadia CVA: Rent cuts reduced as Green plugs gap
Sir Philip Green’s retail empire Arcadia has pledged to reduce the rent cuts proposed in its CVA in a bid to get landlords onside, Retail Week can reveal.
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NewsMonsoon not looking to close stores in CVA
Monsoon is not looking to close any stores as part of its delayed CVA proposal, but it is looking to resize a number of units in its estate as well as slash or even eliminate rents on a number of others.
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NewsMonsoon delays CVA plans after Arcadia stalemate
Monsoon owner Peter Simon has postponed the fashion chain’s restructuring plans after landlords failed to offer sufficient support to Sir Philip Green’s Arcadia CVA earlier this week.
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NewsJoules sales soar as digital powers growth
Joules’ sales rocketed during its full year, the group said in a pre-close update.
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NewsArcadia CVA decision postponed after stalemate
Arcadia has delayed the result of its crunch CVA vote for a week in a last-ditch bid to convince more creditors to back the deal.
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NewsSports Direct tables £52m bid for Game Digital
Sports Direct has tabled a £51.9m offer for Game Digital – and pledged to launch an immediate review of its operations should the deal go through.
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NewsCard Factory sales up as it hails 'encouraging start' to the year
Card Factory saw total and like-for-like sales inch up in its first quarter, which it said represented an “encouraging start to the year”.
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NewsFindel profits soar as business proposes name change
Findel has posted “strong results” for the financial year including increases in profits and sales, as the board proposes changing its name at the next AGM.
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NewsAO narrows losses amid 'renewed' strategic mindset
AO.com has narrowed its full-year losses off the back of strong sales growth across its UK and European markets.
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NewsMatalan profits rise despite 'tough climate'
Matalan has posted an uptick in full-year profit before tax and total sales that boss Jason Hargreaves attributed to “sales, margin, and cost management performance”.
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NewsGlobal Fashion Group prepares for float
Global Fashion Group has announced its intention to conduct an initial public offering ahead of listing its shares on the Frankfurt Stock Exchange.
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NewsKaren Millen owner puts chain up for sale
Karen Millen’s Icelandic owner is mulling a sale of the high street fashion chain, after receiving multiple offers for it.
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NewsGreen allegations cast fresh shadow over Arcadia CVA plans
Arcadia owner Sir Philip Green has been charged with four counts of misdemeanour assault in the US over the weekend, which has thrown his group’s restructuring plans into fresh doubt.