All News articles
Most recent first.
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NewsFortress expects CMA to clear Morrisons takeover bid
The private equity consortium led by Fortress has said that it does not expect the CMA to oppose its proposed bid for Morrisons following growing opposition from shareholders.
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Bloom & Wild snaps up French rival in European expansion drive
Bloom & Wild has acquired French rival Bergamotte for an undisclosed sum, marking its second European acquisition in four months.
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Amazon second-quarter sales soar but pandemic surge slows
Amazon has recorded over $100bn (£72bn) in sales for the third consecutive quarter but forecasts that upcoming growth will be slower than pandemic levels.
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Dr Martens sales rise as stores reopen and wholesale recovers
Dr Martens recorded a strong first quarter with sales up across all regions.
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Pets at Home upgrades outlook as sales soar
Pets at Home has raised its profit expectations as “strong sales momentum” continued into the first quarter.
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Halfords profits rise despite ‘volatile’ year of trading
Halfords has recorded soaring profits as its B2B, services and online businesses thrived during the pandemic.
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Gareth Jones named chair of jewellery pureplay Abbott Lyon
Former group CEO of MuscleFood and Shop Direct executive Gareth Jones is joining personalised jewellery company Abbott Lyon as chair.
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Singaporean sovereign wealth fund joins Fortress Morrisons consortium
Singaporean sovereign wealth fund GIC has joined the consortium bid led by Fortress for supermarket giant Morrisons.
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Music Magpie profits and sales soar following float
Music Magpie has reported strong growth in profits and sales following its recent float on London’s junior market, with chief executive Steve Oliver hailing a “landmark period” for the retailer.
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Walmart to sell tech and logistics services to third-party retailers
Walmart is to start selling its technology and logistics capabilities to smaller retailers as it seeks out fresh revenue streams in the wake of the Covid-19 pandemic.
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Morrisons’ largest shareholder hits out at Fortress takeover bid
Morrisons’ largest shareholder Silchester International has refused to give its backing to a £6.3bn takeover by US private equity firm Fortress.
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LVMH sales soar as luxury goods come roaring out of pandemic
Luxury goods conglomerate LVMH has steamed ahead in its second quarter, driven by soaring sales of Louis Vuitton handbags and Moët & Chandon champagne.
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Tesco Bank to close all customer current accounts later in the year
Tesco Bank is closing all of its customer current accounts from the end of November and will write to those affected in the next two weeks to advise them on what to do.
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Moonpig sales and profits soar in first full-year results since float
Pureplay greeting card specialist Moonpig has reported soaring sales and profits in its first set of full-year results since its IPO.
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Superdry snaps up former Forever 21 Oxford Street store as new flagship
Superdry has agreed the lease of the former Forever 21 store on Oxford Street, with the retailer’s chief executive expressing confidence in the West End’s post-Covid recovery.
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Exclusive: John Lewis bolsters top team with appointment of trading director
John Lewis has raided Accessorize to recruit a new trading director, strengthening the leadership team as the department store group pursues a turnaround.
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Selfridges starts formal auction as suitors circle
Selfridges’ owner the Weston family has begun a formal auction of the famous department store business.
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Marks & Spencer to launch same-day fashion delivery
Marks & Spencer is to introduce a groundbreaking same-day delivery service for apparel as it builds up online capabilities.
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Dunelm and Retail Trust launch industry campaign to combat domestic abuse
Dunelm and the Retail Trust are calling on retail employers to join forces on the Retail Industry Against Domestic Abuse (RIADA) campaign to raise awareness of how the sector can better support employees facing domestic abuse.
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Netflix to diversify further with first retail store opening
Netflix plans to open its first permanent store in Tokyo in 2022, following the introduction of its online merchandise store last month.
