All City & finance articles – Page 183
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AnalysisArcadia CVA: Saved today, gone tomorrow?
Arcadia’s second attempt to get its CVA approved was successful today. Retail Week explores whether this will be the beginning of Arcadia’s revival or simply a stay of execution
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NewsArcadia CVA passes, safeguarding 17,000 jobs
Arcadia’s CVA has been approved after today’s second creditor meeting when all seven votes passed muster with landlords, suppliers and the pension authorities.
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NewsWaterstones owner joins race for Majestic Wine
Elliott Advisors – the investment company that owns Waterstones and most recently acquired Barnes & Noble – has made a bid for Majestic Wine.
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NewsArcadia CVA on knife edge as Intu rejects revised deal
Arcadia’s biggest landlord operator Intu has rejected the retailer’s revised CVA proposal, but the Topshop owner remains hopeful of salvaging its controversial deal ahead of the second vote on Wednesday.
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NewsQuiz axes Zalando partnership as return rates soar
Quiz has cut ties with German etail marketplace Zalando after return rates selling via the platform rocketed.
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NewsQuiz profits wiped out as discounting takes toll
Fashion retailer Quiz has reported a slump in full-year profits but maintained it can “return to sustainable profitable growth”.
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NewsTed Baker warns on profits amid ‘extremely difficult conditions’
Fashion retailer Ted Baker has suffered in a harsh trading environment and warned that full-year profits will come in at between £50m and £60m.
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AnalysisAnalysis: How can we close the ethnicity pay gap?
While diversity is often touted as being top of the agenda for businesses, the statistics tell a different, rather more depressing, reality.
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NewsPaul Geddes among candidates to become Kingfisher boss
Paul Geddes is one of the top candidates to become chief executive of DIY giant Kingfisher, Retail Week understands.
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NewsAgenda: Tesco, Ted Baker and Boohoo update the market
Retail Week looks ahead to the next seven days with updates from Tesco, Boohoo, Majestic Wine and the postponed result of the Arcadia CVA vote on the agenda.
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NewsMonsoon not looking to close stores in CVA
Monsoon is not looking to close any stores as part of its delayed CVA proposal, but it is looking to resize a number of units in its estate as well as slash or even eliminate rents on a number of others.
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NewsMonsoon delays CVA plans after Arcadia stalemate
Monsoon owner Peter Simon has postponed the fashion chain’s restructuring plans after landlords failed to offer sufficient support to Sir Philip Green’s Arcadia CVA earlier this week.
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OpinionOpinion: Will Majestic's plan be the toast of the City?
Majestic Wine will unveil the details of a radical strategic plan next week as it aims to bottle higher volumes of online and overseas growth.
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NewsArcadia CVA decision postponed after stalemate
Arcadia has delayed the result of its crunch CVA vote for a week in a last-ditch bid to convince more creditors to back the deal.
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NewsSports Direct tables £52m bid for Game Digital
Sports Direct has tabled a £51.9m offer for Game Digital – and pledged to launch an immediate review of its operations should the deal go through.
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NewsCard Factory sales up as it hails 'encouraging start' to the year
Card Factory saw total and like-for-like sales inch up in its first quarter, which it said represented an “encouraging start to the year”.
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NewsFindel profits soar as business proposes name change
Findel has posted “strong results” for the financial year including increases in profits and sales, as the board proposes changing its name at the next AGM.
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AnalysisHow Global Fashion Group is targeting developing markets
As Global Fashion Group plots its IPO, Retail Week takes a closer look at the ecommerce platform aiming to dominate emerging markets across the globe.
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NewsAO narrows losses amid 'renewed' strategic mindset
AO.com has narrowed its full-year losses off the back of strong sales growth across its UK and European markets.
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OpinionLeader: Backing Arcadia's CVA is best bet for creditors
As the fate of Arcadia hangs in the balance, there is a danger that this week’s CVA vote will turn into a popularity poll on owner Sir Philip Green.