All articles by Hugh Radojev – Page 122
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NewsMonsoon Accessorize CVA proposal calls for rent cuts
Monsoon Accessorize has published its CVA proposal calling for rent reductions at 135 stores in exchange for £30m in funding and a £10m annual profit-sharing scheme.
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NewsAldi to extend Local stores trial after positive feedback
Aldi is extending the trial of its Local store fascia, following the success of its first such shop that opened in Balham earlier this year.
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NewsNext acquires Fabled beauty brand from Ocado
Next has bought Marie Claire Beauty Limited from Ocado in a deal that is guaranteed to net a minimum of £3m for the online grocer and technology company.
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NewsMulberry in the red as tough UK trading and investments take toll
Mulberry’s total revenues and pre-tax profits both fell last year, despite healthy growth in its international sales.
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NewsMonsoon offers landlords share of profits ahead of CVA
Monsoon Accessorize has rejected landlords’ demands for an equity stake in favour of a share of future profits, ahead of its mooted CVA proposal.
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NewsFormer BHS owner Chappell in court over tax fraud charges
Former BHS owner Dominic Chappell has appeared in court facing charges of tax fraud and money laundering.
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NewsTesco mulls launching ‘Finest’ stores in bid to double profit margins
Tesco has outlined plans to launch convenience stores stocked only with its Tesco Finest in a bid to increase profit targets.
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NewsMonsoon CVA under pressure as landlords cast doubts
Monsoon’s proposed company voluntary arrangement is already facing opposition from large landlords ahead of its reported launch tomorrow, Retail Week understands.
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NewsSainsbury’s cuts prices on more than 1,000 own-brand products
Sainsbury’s has said that since February it has reduced prices on more than 1,000 of its own-brand products as it continues to invest “to offer the customers the best choice”.
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NewsUntuckit hires retail property firm as it eyes UK launch
US casualwear brand Untuckit has hired a UK property agency to help it identify possible store locations in London ahead of it launching in the UK.
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InterviewHow Co-op’s Whitfield is making convenience more convenient
The Co-op’s food chief executive Jo Whitfield discusses her plans to build a grocery business based on what people actually want. Hugh Radojev reports
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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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AnalysisAnalysis: Is vertical farming grocery's future or fad?
After unveiling two separate deals in the vertical farming space, Ocado continues to place itself in the vanguard of grocery distribution and consumption.
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NewsOcado invests £17m to 'become a leader' in vertical farming
Ocado has today announced twin investments which it said will enable it to “become a leader in the newly emerging vertical farming industry”.
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NewsBoohoo co-founder hit with £118.5m lawsuit
Boohoo’s joint boss and co-founder has been hit with a £118.5m lawsuit from an IT contractor claiming to be the third founder behind the fast-fashion etailer.
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NewsUK retailers suffer worst May in six years as footfall plummets
UK retailers suffered the steepest level of monthly footfall decline in six years during May, according to the latest figures from the British Retail Consortium.
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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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VideoWatch: How can Philip Green get Arcadia CVA over the line?
After Arcadia’s CVA vote ended in stalemate yesterday, the team run through what happened and debate what it might take to get it over the line.
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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.