All City & finance articles – Page 137
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Retail VoiceHow to tackle the global tax challenge
Often overlooked, but utterly integral, tax compliance is more important than ever before as businesses become increasingly global, says Avalara’s Jake Estes.
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NewsDebenhams deadline for rescue bids looms
Debenhams has urged prospective bidders to formalise their offers today in a bid to secure the ailing department store’s future.
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NewsM&S and Ocado joint venture goes live
The joint venture between Marks & Spencer and Ocado has gone live, with the two retailers pledging to expand capacity by 40% by the end of next year.
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NewsDunelm performance ahead of expectation as post-lockdown sales soar
Homewares retailer Dunelm has said its financial performance for the year is ahead of expectation as post-lockdown sales soar.
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NewsAnn Summers ponders CVA after ‘toughest year’
Lingerie and sex toys specialist Ann Summers is poised to launch a CVA after suffering increased losses in its latest reported year.
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OpinionJacqueline Gold: ‘We’ve put more family money into Ann Summers, but now I’m facing a CVA’
The Covid-19 pandemic has been an extraordinary time for all retailers. With all our stores closed at Ann Summers, the focus shifted to online, and thanks to the heroics of our colleagues, we managed to meet a significant step up in demand while people were in lockdown. I can’t imagine why…
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Opinion‘Walmart’s TikTok interest is $30bn worth of evidence that retail has changed forever’
If ever something deserved an exclamation mark, it was the news that retail powerhouse Walmart hopes to snap up video-sharing social media network TikTok in a deal worth as much as $30bn.
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AnalysisAnalysis: Will The Hut Group’s IPO float or sink?
The Hut Group has finally revealed its intention to float on the London Stock Exchange after many years of speculation. Retail Week analyses whether it will hit its punchy £4.5bn valuation and why it has chosen to attempt it now.
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NewsWalmart and Microsoft join forces on TikTok bid
Walmart has joined forces with Microsoft to launch a multibillion-dollar bid for TikTok’s US business.
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NewsThe Works swings to loss amid ‘significant’ coronavirus impact
The Works has swung to a pre-tax loss following the “significant impact” of the coronavirus crisis.
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NewsThe Hut Group targets £4.5bn valuation in stock market float
The Hut Group has revealed its intention to float on the London Stock Exchange, with a target valuation of £4.5bn.
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NewsNew Look ‘very confident’ of winning CVA support but landlord body hits out
New Look chief executive Nigel Oddy is “very confident” landlords will back the fashion retailer’s proposed CVA – its second in two years.
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NewsNew Look launches CVA following new financing
Under-pressure fashion retailer New Look has unveiled CVA proposals after conducting a £440m debt-for-equity swap and with lender backing.
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NewsFrasers Group considers mothballing Bob’s Stores chain after Nike severs ties
Frasers Group has launched a strategic review of its Bob’s Stores chain in the US after Nike revealed it will stop supplying product to the business.
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NewsDFS reports trading ‘significantly ahead of expectations’
DFS, the specialist sofa retailer, has reported strong trading in recent weeks as consumers splashed out on their homes.
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NewsRetailers and landlords clash over rent holiday
The biggest lobby groups representing retailers and landlords have become embroiled in a row over rent holidays amid the coronavirus crisis.
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NewsFrasers Group rescues DW Sports from administration in £37m deal
Frasers Group has rescued Dave Whelan’s DW Sports from administration in a £37m deal.
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NewsDebenhams parent company Celine teeters on brink
Debenhams’ parent company has drafted in advisers as it prepares to enter administration, just months after the department store chain collapsed for the second time in a year.
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NewsEstée Lauder to axe 2,000 jobs as coronavirus hammers profits
Cosmetics giant Estée Lauder is cutting 2,000 jobs across the globe amid plans to close stores and department store beauty counters in the wake of the coronavirus crisis.
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NewsAlibaba profits surge as customer numbers jump during lockdown
Alibaba has smashed quarterly profit predictions as online sales surged during lockdown and demand for its cloud computing services soared.