All City & finance articles – Page 222
-
NewsNew Look primed for CVA after crunch bondholder talks
New Look is poised to launch a company voluntary arrangement (CVA) within days following the result of a crunch bondholder consultation, Retail Week has learned.
-
NewsHouse of Fraser’s owner to sell off stake
House of Fraser’s owner is planning to dispose of its majority stake in the troubled chain, selling it to a Chinese tourism development company.
-
OpinionDon’t underestimate Morrisons in fight with Tesco-Booker
The sheer scale of the challenge facing Tesco’s grocery rivals was hammered home this morning following its acquisition of retail and wholesale titan Booker.
-
OpinionBankruptcy bug is starting to look like an epidemic
The phrase ‘dropping like flies’ has been often on my lips as we witness one retail collapse after another and watch others staggering into intensive care.
-
NewsEx-Tesco execs face retrial over accounting scandal
Three former Tesco executives are facing a retrial in relation to the grocer’s £250m accounting scandal.
-
NewsMothercare seeks covenant waivers and finance
Mothercare is seeking waivers of some of its financial covenants and looking at ways of raising further cash as it attempts a turnaround.
-
NewsSports Direct increases stake in Debenhams
Sports Direct has increased its stake in Debenhams to just below the threshold that would trigger a formal takeover bid.
-
NewsToys R Us launches closing down Sale following collapse
Toys R Us has launched a nationwide closing down Sale following its collapse into administration on Wednesday.
-
NewsMaplin administrators draft in GCW to aid sale efforts
Maplin’s administrators have drafted in commercial property experts GCW to advise on the collapsed retailer’s portfolio as they ramp up efforts to secure a sale.
-
NewsAgenda: John Lewis, Kantar, BRC KPMG, Retail Week Live
Retail Week looks ahead to the next seven days, with an update from John Lewis and Retail Week Live on the agenda.
-
NewsNew Look plans 60% rent reductions under potential CVA
New Look is planning to slash rents by up to 60% under the terms of a potential company voluntary arrangement (CVA) being discussed with landlords.
-
NewsCarpetright issues third profit warning in three months
Carpetright has warned on profits for the third time in as many months as it kicks off talks with lenders to ensure compliance with its existing loans.
-
NewsB&Q parent Kingfisher reveals gender pay gap
Kingfisher has published its gender pay gap across its UK fascias, revealing the lowest disparity of any major retailer to date across all measures.
-
NewsAmazon snaps up smart doorbell firm Ring in $1bn deal
Amazon has purchased smart doorbell company Ring for more than $1bn (£720m), in one of the etailer’s largest acquisitions to date.
-
NewsNew Look consults bondholders to pave way for CVA
New Look has kick-started a consultation with its bondholders in the clearest indication yet that it will launch a company voluntary arrangement (CVA).
-
Analysis
Analysis: How Tesco-Booker can hit the ground running
Tesco’s £3.7bn swoop for wholesale titan Booker overcame its final hurdle today when shareholders of both businesses approved the deal.
-
NewsTesco-Booker deal given green light by shareholders
Tesco’s £3.7bn takeover of wholesale titan Booker is all but complete after shareholders in both businesses voted in favour of the deal.
-
NewsMaplin enters administration after rescue talks collapse
Maplin has plunged into administration just hours after last-ditch talks with potential buyer Edinburgh Woollen Mill failed.
-
NewsWickes and Toolstation profits hit in 'challenging' year
Wickes and Toolstation owner Travis Perkins has suffered a fall in profitability within its retail division amid an “increasingly challenging” UK DIY market.
-
NewsMaplin and EWM race to secure rescue deal
Maplin’s negotations with potential buyer Edinburgh Woollen Mill have reached a standstill despite the imminent prospect of administration.