Latest finance news – Page 45
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NewsVictoria Plum to cease trading after it makes £2m loss in four months
Victorian Plumbing is set to close the Victoria Plum business it acquired in May, after it made a nearly £2m loss in four months.
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NewsSelfridges’ property portfolio value plummeted last year
The value of luxury department store Selfridges’ property portfolio plummeted by more than half a billion pounds last year, according to reports.
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NewsRetailers have urged the chancellor to keep promise on business rates relief
Chancellor Rachel Reeves has been urged to maintain the government’s commitment to ease the pressure from business rates on the high street.
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NewsMulberry's owner has rejected an increased bid from Frasers Group
The owner of luxury fashion brand Mulberry has rejected a revised bid from Frasers Group and said it has “no interest” in selling its shares to the retailer.
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NewsZalando has upped its guidance as sales and profits soar in ‘strong start’ to the season
Online fashion giant Zalando has increased its full-year guidance as sales and profits surged thanks to a “strong start” to the autumn/winter season.
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NewsQuiz chief financial officer heads for the exit
Fashion retailer Quiz’s chief financial officer and company secretary is exiting the business.
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NewsTHG to demerge Ingenuity arm to simplify business model as it sets sight on FTSE
THG is set to demerge its Ingenuity arm as it simplifies its business model as a consumer beauty and nutrition group and targets inclusion in the FTSE UK Index by March 2025.
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NewsUniqlo parent Fast Retailing's sales have exceeded £15bn for the first time
Fast Retailing, the owner of fashion retailer Uniqlo, has reported soaring sales and profits for the full year as sales exceeded ¥3trn (£15.5bn) for the first time.
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NewsRiver Island has swung to a loss amid a ‘challenging’ environment and tough competition
Fashion retailer River Island has swung to a loss amid declining sales and competition within the fashion market continuing to ramp up.
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NewsIkea’s sales have taken a hit following its move to lower prices
Ikea’s move to draw shoppers in with lower prices has taken a toll on its revenues.
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NewsN Brown has announced a profit improvement as it focuses on sales
Home shopping group N Brown has reported a small profit in its first half on the back of strategic progress.
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NewsPrivate equity group Apollo has taken control of End Clothing
Private equity house Apollo Global Management has bought fashion retailer End Clothing from its counterpart Carlyle Group.
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NewsRevolution Beauty sales and profits have dipped amid ‘transformational year’
Cosmetics retailer Revolution Beauty’s sales and profits have dipped during the first half as it works towards a “return to growth” and ramps up global expansion.
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NewsShein’s UK profits have doubled as sales hit £1.5bn
Fast-fashion giant Shein’s UK profits have doubled year on year and sales have surpassed £1.5bn, exceeding the revenue of rival Boohoo.
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NewsFrasers has acquired three new shopping centres as it looks to ‘reinvent’ UK retail
Frasers has acquired over 1 million sq ft of retail assets including Princesshay Shopping Centre in Exeter, Fremlin Walk Shopping Centre in Maidstone and The Olympus Centre in Quedgeley.
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NewsSaudi Arabia has invested in Selfridges in a new partnership with Central Group
Selfridges majority owner Central Group has announced a new partnership with Saudi Arabia’s Public Investment Fund (PIF) and confirmed the total buyout of Signa Group’s interest in the business.
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NewsFootasylum has secured a £35m credit facility to fund UK growth ambitions
Footasylum has secured a £35m credit facility as it looks to accelerate growth in the UK.
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NewsThe Very Group is set to appoint bankers as it eyes £2.5bn sale
The Very Group is lining up banks to handle a strategic review of the business that could potentially lead to a sale in the range of £2.5bn.
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NewsWeird Fish has reported rising profits despite a dip in sales
British fashion retailer Weird Fish has reported rising profits for the full year despite a dip in sales as it unveils further UK expansion plans.
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NewsRetail CEOs have called on the chancellor to ‘level the playing field’ on business rates
Over 70 retail CEOs have written to chancellor Rachel Reeves ahead of the budget later in the month saying “now is the time to level the playing field between industries”.