Latest finance news – Page 133
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NewsDebenhams’ Magasin du Nord sold to European fashion group
Magasin du Nord, the Danish department store business formerly owned by Debenhams, has been sold for an undisclosed sum.
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NewsDreams boss Mike Logue: ‘Tempur deal will take industry to next level’
Dreams chief executive Mike Logue said he’s looking forward to what the sale of the business to mattress specialist Tempur Sealy can bring to the table.
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NewsEG Group hails strength of foodservice business as first-quarter profits rise
EG Group has hailed the growth of its foodservice business after delivering increased profits in the first quarter.
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NewsPets at Home to invest £70m as it targets pet ‘baby boomers’
Pets at Home is targeting three key areas for investment as it seeks to take advantage of the new wave of pet owners.
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NewsDreams sold to Tempur Sealy in £340m deal
Bed specialists Dreams is set to be acquired by mattress and bedding manufacturer Tempur Sealy for £340m.
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NewsPets at Home profits rise as it eyes ‘strong momentum’ post-pandemic
Pets at Home has racked up an increase in sales and profits in what it dubbed “an extraordinary year” for the business.
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NewsAmazon acquires iconic Hollywood studio MGM for $8.45bn
Amazon has struck a deal to buy Hollywood institution MGM Studios as the tech titan expands its entertainment streaming business.
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NewsMarks & Spencer tumbles to full-year loss as it seeks to reshape business
Marks & Spencer has swung to a loss for the year, as it works to make good on the “Never the Same Again” promise.
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NewsWilko profits tumble as sales fall in year of ‘difficult trading’
Wilko has reported a sharp fall in full year pre-tax profits and a decline in sales, citing the challenging retail landscape as the reason for “a year of modest results”, Retail Week can reveal.
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NewsTed Baker refinances as bankers show ‘ongoing support’
Fashion retailer Ted Baker has successfully completed a refinancing with its lenders.
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NewsMade.com presses button on £1bn IPO
Online furniture and homewares specialist Made.com aims to float on London’s main market, which could value the etailer at as much as £1bn.
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NewsMike Ashley’s Frasers Group eyes Hugo Boss swoop
Mike Ashley’s Frasers Group is reportedly considering a takeover of luxury fashion group Hugo Boss.
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NewsCard Factory sales ‘exceed expectations’ as it completes refinancing
Card Factory has reported strong demand following its stores reopening in April.
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NewsNext boss Lord Wolfson set to chair Reiss
Lord Wolfson is set to be the next chair of Reiss, following Next’s purchase of a 25% stake in the retailer earlier this year.
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NewsConsumer confidence returns to pre-pandemic levels as restrictions eased
Consumer confidence recovered in May, regaining all the ground lost during the Covid outbreak, as lockdown restrictions were relaxed and the UK’s successful vaccination rollout continued.
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NewsN Brown profits plummet after pandemic hammers sales
N Brown has reported a sharp decline in profits after sales tumbled owing to the pandemic, but the fashion and homeware retailer’s boss pointed to “early signs of progress” in its turnaround.
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NewsWatches of Switzerland eyes new store openings after ‘strong finish’ to year
Watches of Switzerland has recorded strong sales across both the UK and the US, with momentum continuing into the new financial year.
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NewsKingfisher raises outlook as sales continue to soar
Kingfisher has raised its profit predictions for 2021/2022 as its sales increased in almost all markets.
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NewsAsos eyes Cult Beauty and Feelunique as takeover targets
Asos is considering possible takeovers of online beauty platforms Cult Beauty and Feelunique, it is understood.
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NewsDunelm to smash profit forecasts following strong reopening
Homewares specialist Dunelm expects full-year profits to come in “significantly ahead” of City expectations after strong sales growth.