Fred Perry Reports 10.4% Revenue Growth in FY21 Amid Pandemic Challenges
British sportswear brand Fred Perry reports a 10.4% revenue increase to £112m and a pre-tax profit of £11.7m in...
Monthly Archives: March 2023
Virgin Wines Launches Business Review Amid Profit Plunge
Virgin Wines faces a significant drop in profits, falling from £3.2 million last year to just £0.1 million in...
UK Retail Jobs Hit Four-Quarter Low Amidst Economic Challenges
In a decade, the UK's retail job market has hit its lowest average four-quarter level, with 3.05 million jobs...
Sainsbury Acquires 21 Supermarkets from Supermarket Income REIT for £431.5m
Sainsbury's has announced its acquisition of 21 supermarkets from Supermarket Income REIT for a staggering £431.5 million deal, taking...
UK Retailers THG, Moonpig, and Naked Wines Reassure Investors Amid Silicon Valley Bank Collapse
UK retailers THG, Moonpig, and Naked Wines have reassured investors of their financial security following the collapse of US-based...
Shein Aims for £1.6bn IPO with Major Investors Onboard
Fast fashion giant Shein is set to raise £1.6 billion in new funding before a potential US IPO, with...
Issa Brothers Eye Asda Property Sale Amid Rising Debt Concerns
The Issa brothers, who own Asda through their TDR Capital, are considering selling the supermarket's £8.6bn property estate to...
Superdry Seeks Cost-Cutting Measures Amid Market Challenges
Superdry hires Interpath Advisory to help cut costs amid profit warnings and challenging market conditions in the fashion sector....
Allbirds Welcomes New CFO Annie Mitchell, Mike Bufano Steps Down
In a major shakeup at Allbirds, Annie Mitchell has been appointed as Chief Financial Officer, effective April 24th, taking...
Tesco Faces Backlash Over New Online Fulfilment Fees for Suppliers
Tesco faces backlash from suppliers and farmers over new 'Amazon-style' fees on online produce sales. The supermarket chain plans...