Brunello Cucinelli Reports Strong H1 Performance and Expects 15% Growth in 2022
Casa di Moda Brunello Cucinelli reports a staggering 131.4% increase in net profit for the first half of 2022,...
Monthly Archives: August 2022
Record Food Price Hike: BRC Data Reveals Fastest Increase Since 2008
Food prices have surged at their fastest rate since 2008, according to new data from the British Retail Consortium...
Boohoo Faces HMRC Charges for Polybag Content; Suppliers Warned of Additional Costs
Boohoo Group faces charges from HMRC for not having certificates confirming the recycled content of some of its polybags....
Co-op Sells Petrol Forecourt Business to Asda for £600m
In a £600 million deal, Co-op has agreed to sell its petrol forecourt business to Asda, including 129 sites...
Joules’ Share Price Drops Amid Struggles with Next Deal
TV Anchor Summary:In a surprising turn of events, Joules' hopes for securing an investment from Next seem to be...
Farfetch Reports Strong Q2 Performance and Future Plans
Farfetch, an online luxury fashion retail platform, reports a 10.7% year-over-year increase in Q2 revenue to $579.3m (£493.1m) and...
Asda Eyes £450m Acquisition of Co-op’s Petrol Forecourts
Asda, now owned by the Issa brothers and TDR Capital, is reportedly preparing to make a £450 million bid...
Retail Sector Sees Lowest Store Closures in Seven Years
In the first half of 2022, store closures have reached their lowest rate in over seven years with 6,146...
Retail Entrepreneur Acquires Paperchase Amid Economic Challenges
In a major development, Steve Curtis from Rcapital has reportedly agreed to buy Paperchase as a private investor, beating...
Abercrombie & Fitch Lowers Sales Forecast Amid Hollister Struggles
Abercrombie & Fitch lowers its full-year sales forecast due to inflation impacting Hollister's performance, now expecting mid-single-digit decline from...