Latest finance news – Page 215
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NewsTopps Tiles snaps up Strata commercial business
Topps Tiles has bought a controlling stake in tile supplier Strata as it grows its commercial business.
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NewsJD Sports posts record profits as sales sprint ahead
JD Sports posted a surge in full-year profit spurred by strong sales as boss Peter Cowgill says the business will “continue to exceed consumer expectations”.
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NewsCard Factory profits fall against ‘tough' consumer backdrop
Card Factory has recorded a decline in its full-year profits as sluggish customer footfall stunted the retailer’s sales growth.
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NewsMonsoon becomes latest retailer to mull potential CVA
Monsoon has said it is looking to “accelerate” the process of its store closures as it mulls a potential CVA in order to restructure its estate.
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NewsLord Rose criticises Mike Ashley for high street ‘oligopoly’ plans
Former Marks & Spencer boss Lord Stuart Rose has lambasted Mike Ashley over his plans to create a UK retail high street “oligopoly”, and said the sector is still too focused on bricks and mortar.
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NewsSuperdry founder Dunkerton wins City backer
Superdry founder Julian Dunkerton has received support from City backer Oasis Management after rejoining the business.
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NewsPhilip Green paid just 76p to buy back Leonard Green stake
Sir Philip Green paid $1, or 76p, to buy back a 25% stake in Topshop that he sold to US private equity firm Leonard Green in 2012.
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NewsAgenda: JD Sports and Card Factory update the market
Retail Week looks ahead to the next seven days with JD Sports and Card Factory updates on the agenda.
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NewsLK Bennett sold to Chinese partner
LK Bennett has been purchased by Rebecca Feng, who runs the fashion retailer’s Chinese franchise business, after going into administration in early March.
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NewsBonmarché warns Philip Day offer 'undervalues' business
Bonmarché has warned prospective buyer Philip Day that his recent bid “undervalues” the business, but has offered further talks.
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NewsUniqlo issues profit warning after winter discounting
Fast Retailing, the owner of Japanese-based fashion giant Uniqlo, has issued a profit warning after unseasonably warm weather forced it to slash prices for winter clothes.
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NewsArcadia revamps board as Green mulls restructure
Sir Philip Green has recruited two restructuring specialists to the board of Arcadia, as he mulls a potential CVA for his struggling fashion empire.
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NewsWHSmith profits fall amid InMotion acquisition
WHSmith has suffered a fall in half-year profits but insisted it is “well-positioned” to hit full-year expectations.
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NewsSports Direct lawyers clash with Debenhams administrators
Lawyers for tycoon Mike Ashley’s Sports Direct have written to the administrators of Debenhams alleging a conflict of interest.
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NewsDebenhams owners hire turnaround expert
Debenhams’ new owners are set to appoint a turnaround chief just one day after seizing control of the business.
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NewsAsda contract changes could leave 3,000 staff worse off
Asda is in consultation with staff and unions over proposals to “streamline” the contracts of hourly paid staff, which could leave around 6,000 workers worse off.
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NewsLeonard Green ditches Topshop stake
US investment firm Leonard Green has sold its 25% stake in Topshop and Topman for an undisclosed sum to the brands’ parent company Arcadia.
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NewsLewis: Tesco will 'finish' turnaround this year
Tesco boss Dave Lewis has revealed the grocer is eyeing new avenues for growth and value creation following another “strong” year on its road to recovery.
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NewsTesco full-year profits climb as turnaround bears fruit
Tesco’s profit and sales rose as boss Dave Lewis says the grocer has “met or are about to meet the vast majority of our turnaround goals”.
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NewsAsos profits plunge as international costs bite
Asos has reported a nosedive in interim profits, which boss Nick Beighton attributed to “major capex” costs that “inevitably involved significant disruption and transition costs”.