UK Retail and Grocery News Roundup: Appointments, Record Sales, and Price Cuts
Asda appoints Matt Kelleher as its first Chief Digital Officer, aiming to become the UK's second-largest grocery retailer. Meanwhile,...
THG
THG Stands by Director Amid Shareholder Revolt, Appoints New Independent Member
In a surprising turn of events, THG's board has backed non-executive director Iain McDonald despite over 20% of shareholders...
THG Launches PACT: A Collaborative Approach to Sustainability
In a groundbreaking move, THG has launched its new initiative, PACT, aimed at fostering collaboration with suppliers to promote...
Kelso Pushes for THG Business Divisions Separation
Activist shareholder Kelso ramps up campaign for THG to confirm plans to split its three business divisions, urging the...
UK Retailers Face Challenges and Opportunities Amid Ransomware Attacks and Inflation
Independent luxury retailer Jules B considers a Company Voluntary Arrangement (CVA) after a September ransomware attack. KSA Group will...
Moulding Acquires Stake, Retail Recovery Signs, and Price Cuts for Christmas
In a surprising move, THG founder Matthew Moulding acquires a 3.2% stake in Kelso Group, a critic of his...
Moulding Invests in Critic Kelso Group, THG Maintains Revenue Guidance
In a surprising move, THG founder Matthew Moulding has purchased a 3.2% stake in Kelso Group, the shareholder that...
THG Maintains Guidance Amid Improving Q3 Performance
In Q3, THG reported its best quarterly revenue performance of the year, despite a 4.4% drop compared to last...
Retail Updates: H&M Reverses Return Fee, THG Sale Falls Through, Iceland Complains About Energy Prices
H&M has reversed its decision to charge a £1.99 fee for in-store returns of online purchases after facing public...
THG’s £200m HQ Sale Collapse Amidst Rising Losses
In a surprising turn of events, THG CEO Matt Moulding's plan to sell the company's headquarters business park for...