All articles by Hugh Radojev – Page 123
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NewsArcadia expects lifeline as creditors swing behind CVA
Sir Philip Green’s embattled Arcadia fashion empire is expected to be thrown a lifeline tomorrow when creditors vote on controversial CVA proposals.
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NewsNisa shakes up its senior management team
Nisa has announced sweeping changes to its management team, as it seeks to better align “the structure to the company’s four-year growth strategy”.
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NewsRetail sales suffer 'biggest decline on record' in May
Retail sales suffered “the biggest decline on record” during May, as food sales dropping for the first time in nearly four years.
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NewsGlobal Fashion Group prepares for float
Global Fashion Group has announced its intention to conduct an initial public offering ahead of listing its shares on the Frankfurt Stock Exchange.
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NewsKaren Millen owner puts chain up for sale
Karen Millen’s Icelandic owner is mulling a sale of the high street fashion chain, after receiving multiple offers for it.
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NewsGreen allegations cast fresh shadow over Arcadia CVA plans
Arcadia owner Sir Philip Green has been charged with four counts of misdemeanour assault in the US over the weekend, which has thrown his group’s restructuring plans into fresh doubt.
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NewsPension watchdog demands £50m more from Arcadia
The pension watchdog is calling for an extra £50m injection from Arcadia into its retirement scheme in exchange for votes to prevent the failure of its financial restructuring proposal.
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AnalysisAnalysis: Seven retailers defying the gloom and opening stores
While many retailers – Boots is the latest – are shutting stores, others have ambitious opening programmes. Here we shine the spotlight on some of the big names that are laying down square footage.
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NewsSchuh to shutter German stores to focus on UK business
Schuh has confirmed it is shutting its three German stores to focus on its UK, Irish and Channel Islands business.
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NewsConsumer confidence negative but rising in May
Consumer confidence remained negative in May, but did increase across four measures, according to the GfK Consumer Confidence Index.
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NewsMountain Warehouse eyes store expansion as profits grow
Mountain Warehouse has posted its 22nd year of consecutive sales growth and committed to investing in its bricks-and-mortar presence, both in the UK and internationally.
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NewsMonsoon landlords call for equity stake ahead of CVA
A number of landlords have written to Monsoon demanding an equity stake in the business, in return for supporting any company voluntary arrangement.
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VideoWatch: As Boots mulls closures, is there still value in shops?
As Boots reviews the future of more than 200 of its shops, the Retail Week team debate whether there is still value in operating large store estates.
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NewsBig four shopping centre landlords face 'long-term risk' from CVAs
One fifth of shopping centre floorspace being let by the four biggest real estate investment trusts is to retailers in administration or with shrinking sales, according to new analysis by UBS.
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NewsWatches of Switzerland boss targets US expansion after IPO
The boss of Watches of Switzerland has said the US offers “more potential” for growth, following the business’ float on the London Stock Exchange this morning.
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NewsArcadia refuses to pay more into pensions as CVA hangs in balance
Arcadia is refusing to pump more cash into its pension deficit as part of its CVA proposal, despite increasing fears pension regulators could vote against the group’s restructuring plan.
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AnalysisAnalysis: Why Boots store closures will devastate the high street
When Walgreens Boots Alliance (WBA) warned in April that it was going to be “more aggressive” in its transformation plans, alarm bells started ringing with landlords either side of the Atlantic.
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NewsDecathlon launches 'cashierless shopping' across Dutch stores
Decathlon has launched “cashierless” mobile self-checkout capabilities across all of its stores in the Netherlands.
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NewsReiss denies majority stakeholder looking to sell
Reiss has categorically denied recent media speculation that private equity firm and majority stakeholder Warburg Pincus is looking to sell the retailer.
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NewsDiscounters reach record combined market share
Discounters Aldi and Lidl reached a combined record market share in May, while Sainsbury’s clung on as the second-biggest UK grocer, according to the latest data.