Latest finance news – Page 578
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NewsCard Factory to be sold to Charterhouse
Card Factory is poised to be sold to private equity firm Charterhouse for more than £350m, sources familiar with the situation have told Retail Week.
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NewsMango sales up 5.7% as international expansion gathers pace
Spanish fashion brand Mango has announced total sales rose 5.7% to €1.48bn (£1.3bn) excluding VAT in 2009 and has confirmed that it will open its 1,500th global store in 2010.
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NewsMorrisons awards shares to new chief executive Dalton Philips
Supermarket group Morrisons has awarded two tranches of shares to new chief executive Dalton Philips who took up his role earlier this week.
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NewsRichemont acquires Net-a-Porter
Luxury goods group Richemont has confirmed it will buy Net-a-Porter in a deal that values the online designer fashion retailer at £350m.
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NewsCath Kidston confirms sale and lays out international expansion plans
Cath Kidston has confirmed it has been bought by TA Associates as it lays out plans for international expansion.
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NewsMatalan completes £525m refinancing
Value fashion retailer Matalan has refinanced by raising £525m of debt.
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NewsMothercare sales hit by bad weather in fourth quarter
Maternity specialist Mothercare suffered a slowdown in like-for-like sales in its core UK market during the fourth quarter but annual turnover exceeded £1bn for the first time.
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NewsSimon Wolfson thinks long term as Next performance picks up
Next will focus on extending its home offer and cutting clothing lead times to maintain momentum after delivering its first full-year like-for-like sales growth in four years.
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NewsFindel pre-tax losses to be higher after restatement
Home shopping group Findel is to restate results for the year to April 3, 2009, following a review of accounting entries within its education division.
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Super Thursday retail updates bolster stocks
A round of strong results from retailers as diverse as Next and Kingfisher on ‘super Thursday’ last week helped lift some store stocks, but general retailers overall lagged the All-Share index and food shares were moribund.
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NewsBrand overhaul on the cards for Clinton
Greeting cards retailer Clinton Cards has embarked on its biggest ever portfolio and branding review that could result in a “complete change” in the look and feel of its stores.
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NewsTed Baker sets sights on India despite global trading challenges
Ted Baker is targeting India as it continues to expand into new markets.
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NewsM&S appoints kidswear chief to head share battle
Marks & Spencer has promoted Karl Doyle to the role of trading director for kidswear.
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NewsInvest in stores or customers will not trade up, Harrods chief warns
Harrods managing director Michael Ward has warned retailers that it is essential to invest in the store environment during the downturn to give shoppers a reason to trade up.
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NewsJJB Sports financing deal to provide 'greater flexibility'
Sports group JJB has amended its banking arrangements, which should give the retailer increased financial flexibility.
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NewsTopps Tiles cautious about outlook as like-for-likes slow
Topps Tiles has reported that consumer confidence remains shaky and trading patterns were lacklustre in its second quarter.
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NewsBarclays eyes Poundland
Poundland has received an expression of interest from Barclays Private Equity to buy the retailer for around £200m, according to The Independent.
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NewsFaith looks at management buyout as 'for sale' flag raised
Footwear retailer Faith has hired advisers to run a sale which is likely to lead to a management buyout backed by private equity.
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NewsLord Kirkham calls off DFS auction
Sofa king Lord Kirkham has ended the £500m auction of his DFS chain and said he has no interest in selling it.
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NewsSports Direct considers upping offer on Blacks
Blacks Leisure has confirmed it received a letter from Sports Direct last week indicating that it would consider upping its offer for the outdoor chain.