All articles by Hugh Radojev – Page 73
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AnalysisAnalysis: Would Majestic owners Fortress be a good fit for Morrisons?
Since Fortress’s £6.3bn offer for Morrisons was recommended to shareholders on Saturday, the private investment giant has become the favourite to take over the grocer. Retail Week looks at what kind of owner Fortress would likely be.
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NewsJohn Lewis unveils plans to build 10,000 rental homes
Department store chain John Lewis has announced plans to move into the residential property market, unveiling plans to build 10,000 new rental homes over the next few years.
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NewsMorrisons braces for bidding war after accepting £6.3bn takeover
Rival private equity firms are reportedly considering tabling rival bids for UK grocer Morrisons after it accepted a £6.3bn takeover yesterday.
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NewsAsda to allow head-office staff permanent hybrid working
Grocery giant Asda confirmed today it would allow its 4,000 staff to permanently adopt a hybrid-working model, even after social-distancing measures are removed.
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NewsBoots sales rise as Walgreens upgrades profit forecast following strong third quarter
Boots has had a jump in third-quarter sales while parent group Walgreens Boots Alliance (WBA) has upgraded its profit forecast, buoyed by pharmacy sales and administrating Covid-19 vaccinations.
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NewsH&M bounces back to profitability in first half
Swedish fashion giant H&M has returned to profitability in the first half of the year after enduring a bruising 2020 due to the coronavirus crisis.
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NewsPrimark expects profits to be in line with last year following strong reopening
Primark owner ABF has said the fashion giant’s stores have performed exceptionally well since reopening and predicted full-year profits will be in line with the previous year.
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NewsAO.com back in the black as Covid drives soaring sales and profits
Pureplay electricals specialist AO.com has reported a return to operating profit driven by a surge in sales and EBITDA.
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NewsAsda wades into on-demand grocery battle with new one-hour Express Delivery service
Asda has become the latest established supermarket to move into the rapid grocery delivery space with the launch of its one-hour Express Delivery service.
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Dixons Carphone swings into the black as boss hails strong year
Dixons Carphone has swung back into profit and reported soaring sales as boss Alex Baldock hailed the retailer’s strong performance in the financial year.
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NewsGovernment opens business rates revaluation consultation
The government is seeking input on its plans to increase the regularity of business rates revaluations.
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NewsBroadgate retail offering boosted by Lewis Hamilton-backed vegan restaurant
British Land’s Broadgate site has been given a fresh retail boost with the announcement of four new lettings, including a plant-based burger restaurant backed by Lewis Hamilton.
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NewsGovernment resumes ‘war room’ calls with grocers over driver shortages
The Department for Environment Food and Rural Affairs (Defra) this morning held the first Food Resilience Industry Forum call since April in response to growing concerns in Whitehall over the effects of a national shortage of HGV drivers.
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NewsDebenhams launches first brand campaign since Boohoo takeover
Debenhams is launching its first new campaign since being acquired by Boohoo, adding .com to its name to reintroduce itself to customers as a pureplay department store.
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NewsConsumer confidence flattens as threat of inflation curbs growth
Consumer confidence remained flat in June as lingering coronavirus restrictions combined with the threat of inflation dampened growth.
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NewsMorrisons’ private-equity suitor told to up the ante as backlash continues
The private-equity firm behind rebuffed interest in Morrisons has been told to up its potential offer as the backlash against a mooted takeover of the grocer continues.
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NewsMorrisons sale prospect prompts plea from hard-pressed UK farmers
The ongoing speculation around the possible sale of Morrisons to a private equity firm has prompted a plea for continued support from the farmers union.
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DataData: Grocery sales dip and online hits new baseline as market normalises
Grocery sales over the last 12 weeks have dipped and customer behaviours have begun to revert, as lockdown restrictions ease and life slowly returns to normality.
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NewsSelfridges opens garden centres to tap into pandemic-driven trend
Selfridges has launched garden centres at several of its stores in a bid to benefit from the pandemic-driven gardening boom.
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NewsConcern mounts over private equity interest in grocers following failed Morrisons bid
Both Usdaw and the shadow minister for business and consumers have raised concerns about private equity ownership of UK grocers as takeover speculation mounts.