Latest finance news – Page 79
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NewsExclusive: Orlando Capital joins race to buy Body Shop
German private equity firm Orlando Capital has emerged as the latest player in the running to buy The Body Shop, Retail Week can reveal.
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NewsTed Baker owner steps in to prop up struggling retailer
Authentic Brands Group, the US-based owner of Ted Baker, has moved to head off a cash crunch at the fashion retailer as the company appointed to run operations struggles to raise financing.
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NewsNext acquires Fat Face for £115m
Next has struck a deal to acquire fashion retailer Fat Face for the value of £115.2m.
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NewsWilko website resumes trading under new owner The Range
The website wilko.com has restarted its home delivery for online orders under its new owner The Range.
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NewsIkea UK sales climb as it promises to reduce prices
Ikea has posted strong sales growth and promised to reduce prices in the next financial year.
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NewsBoots delivers growth in market share driven by beauty and skincare
Boots delivered 11.7% year-on-year growth in retail sales in the three months to August 31, 2023, as its market share grew for the 10th consecutive quarter.
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NewsMarks Electrical posts revenue growth with ‘continued market share gains’
Marks Electrical has posted a boost in revenue and continues to gain market share in the major domestic appliance and consumer electronics markets.
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NewsHotel Chocolat swings to loss as online struggles
Hotel Chocolat has slipped into the red with revenues dropping 10%, owing to lower online and international sales.
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NewsN Brown sales hit by unseasonable weather
N Brown has seen revenues drop after challenging market conditions and unseasonable weather hampered sales.
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NewsPoundland owner Pepco Group posts record growth
Pepco Group has posted record full-year sales growth but said performance was “mixed” against a challenging backdrop.
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NewsBirkenstock sets New York IPO price tag
German footwear retailer Birkenstock has set an IPO price of $46 per share as it prepares to float on the New York Stock Exchange.
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NewsNext eyes Fat Face takeover in £100m deal
Fashion giant Next is closing in on a takeover of Fat Face in a deal worth more than £100m, according to reports.
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NewsJigsaw swings to profit as shoppers return to stores
Fashion retailer Jigsaw is back in the black following a boom in sales of dresses and tailoring as customers return to stores.
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NewsSelfridges records leap in revenue as shoppers return to stores
Selfridges has posted a rise in revenue that it credited to shoppers returning to its London and Manchester stores.
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NewsCurrys Greek business receives bids from ‘several potential buyers’
Currys is weighing up offers for its Greek and Cypriot business Kotsovolos after receiving interest from “several potential buyers”.
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NewsGrocery prices fall for seventh consecutive month
Grocery prices fell for the seventh straight month in September, bringing some much-needed relief to consumers in the run-up to Christmas, but food inflation is still in double figures.
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NewsRiver Island profits plummet as it struggles with excess stock
Fashion retailer River Island has reported plummeting operating profits for the 2022 financial year as the brand battled to clear excess stock and rising inflation.
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NewsJD Sports given go-ahead to complete ISRG acquisition
JD Sports shareholders have unanimously approved a proposal to buy out the minority shareholders in Iberian Sports Retail Group (ISRG) as the brand strengthens its foothold in western Europe.
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NewsCredit insurer cuts cover for The Very Group suppliers
The Very Group’s credit insurer Allianz Trade has cut cover for its suppliers, which threatens to increase financial pressures on the retailer, according to reports.
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NewsExclusive: Body Shop owners set deadline for final bids
Retail Week understands that Natura & Co has set a final deadline for bids from interested parties for The Body Shop of October 23.