Issa Brother Eyes Asda Stake Sale, Focuses on EG Group’s Petrol Business
In a surprising move, one of the Issa brothers, Zuber, is reportedly planning to sell his stake in Asda...
Monthly Archives: February 2024
Jeremy Hunt Reviews Tourist Tax Impact on Retail Sector
Chancellor Jeremy Hunt is considering reinstating VAT-free shopping for tourists, aiming to revive Britain's retail and leisure sectors. The...
Ted Baker Owner Considers CVA Amid UK Operator Split
In a surprising move, Authentic Brands Group, the owner of Ted Baker, has terminated its relationship with AARC, the...
UK Retail Sector Struggles Amid Profit Warnings, Adidas Beats Expectations, Amazon Breaks Holiday Sales Record
UK-listed companies' profit warnings hit a 15-year high, surpassing the 2008 financial crisis levels, with retailers bearing the brunt....
Fig & Fox Expands to Festival Place with New Permanent Location
Local homeware and gifts retailer Fig and Fox has opened its doors at Festival Place, following a successful pop-up...
Mamas and Papas Appoints New CFO Sarah Ashby for Expansion Plans
Mamas and Papas has appointed Sarah Ashby, a former finance executive at Asda, as their new chief financial officer....
Sainsbury’s CEO to Unveil New Cost-Saving Targets and Pay Hikes
Sainsbury's CEO Simon Roberts is set to unveil a new cost-saving strategy next week, including a £200 million pay...
First Seagull Acquires Stake in Struggling Superdry Amidst Cost-Cutting Measures
In a recent development, First Seagull, a Norwegian alternative investment fund, has acquired a 5.3% stake in Superdry amidst...
UK Retail Sector Struggles with Profit Warnings Amid Economic Uncertainty
UK-listed companies issued a record 18.2% profit warnings in 2023, surpassing the peak of the financial crisis in 2008,...
Farfetch Sells Business to Coupang for $500m Despite Shareholder Resistance
In a recent development, luxury fashion platform Farfetch has completed its $500 million sale to South Korean marketplace company...