Carpetright Seeks Administrators Amid Sale Talks, Potential Job Losses and Store Closures
Carpetright files for administration, potentially leading to job losses and store closures as it seeks additional investment. The flooring...
PwC
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...
Surprising Inflation Spike, Superdry’s Struggles, and Uniqlo’s Legal Action Against Shein
Inflation in December rose unexpectedly to 4%, driven by fuel and tobacco price increases, according to the Office for...
Superdry Seeks Financial Advice Amidst Declining Sales and Profits
Superdry, the clothing retailer, has appointed PwC to explore its debt options after reporting a 13.1% year-on-year sales decrease...
Asos Postpones FY23 Results Release to November 1st
Asos delays publishing its FY23 results to November 1st, allowing auditor PwC more time for testing. The company's performance...
New Owners of Wilko Stores Consider Lease Renegotiations Amid Job Risks
Breaking news: The rescue deals for over 100 Wilko stores are reportedly at risk as new owners, B&M and...
UK Retailers Face Challenges and Opportunities in Q3 Reports
Wilko's administrators PwC are set to review £77m in dividend payouts to investors over the past decade as the...
The Range Acquires Wilko Brand for £5m in Latest Retail Deal
TV Anchor: Breaking news tonight! Value retailer The Range has agreed to purchase Wilko for £5 million in a...
Wilko Rescue Deal Falls Through as HMV Owner Exits Amid Cost Concerns
In a blow to high street retailer Wilko, HMV owner Doug Putman has pulled out of a rescue deal...
Wilko Announces Store Closures and Job Cuts Amidst Ongoing Rescue Talks
Wilko announces plans to close 52 stores and make 1,300 redundancies as rescue talks continue. Administrator PwC has agreed...