Latest finance news – Page 200
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NewsArcadia faces US legal action over Topshop closures
A group of US property owners have launched legal action against Sir Philip Green’s Topshop business after its bankruptcy there.
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NewsSuperdrug full-year profits slip despite sales uplift
Superdrug has recorded a decline in full-year profits, but boss Peter MacNab said he was “pleased with the company’s performance in challenging times”.
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NewsMonsoon landlords pile on pressure for equity stake
Property owners have demanded better terms from Monsoon Accessorize owner Peter Simon as he seeks to push ahead with a CVA.
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NewsAgenda: Dixons Carphone and N Brown update the market
Retail Week looks ahead to the next seven days with updates from Dixons Carphone and N Brown, and the latest ONS retail sales figures on the agenda.
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NewsArcadia to axe 170 head office jobs
Arcadia is wielding the axe on 170 head office jobs as Sir Philip Green’s fashion group ramps up its turnaround efforts.
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NewsIceland profits fall after trading conditions and costs bite
Iceland has posted a decline in full-year profits after confronting challenging trading conditions and bearing increased costs.
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NewsTesco like-for-likes nudge up as Booker boosts growth
Tesco like-for-likes inched up in its first quarter as its sales were boosted by its merger with Booker.
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NewsMajestic appoints John Walden as chair as it swings to loss
Majestic has appointed John Walden as its chair as it prepares to sell its core business to focus on Naked Wines.
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NewsArcadia CVA passes, safeguarding 17,000 jobs
Arcadia’s CVA has been approved after today’s second creditor meeting when all seven votes passed muster with landlords, suppliers and the pension authorities.
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NewsWaterstones owner joins race for Majestic Wine
Elliott Advisors – the investment company that owns Waterstones and most recently acquired Barnes & Noble – has made a bid for Majestic Wine.
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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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NewsSelect CVA gets green light from creditors
Select has secured approval for its second CVA in just over 12 months as 87% of creditors backed its latest proposal.
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NewsQuiz axes Zalando partnership as return rates soar
Quiz has cut ties with German etail marketplace Zalando after return rates selling via the platform rocketed.
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NewsQuiz profits wiped out as discounting takes toll
Fashion retailer Quiz has reported a slump in full-year profits but maintained it can “return to sustainable profitable growth”.
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NewsTed Baker warns on profits amid ‘extremely difficult conditions’
Fashion retailer Ted Baker has suffered in a harsh trading environment and warned that full-year profits will come in at between £50m and £60m.
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NewsPaul Geddes among candidates to become Kingfisher boss
Paul Geddes is one of the top candidates to become chief executive of DIY giant Kingfisher, Retail Week understands.
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NewsAgenda: Tesco, Ted Baker and Boohoo update the market
Retail Week looks ahead to the next seven days with updates from Tesco, Boohoo, Majestic Wine and the postponed result of the Arcadia CVA vote on the agenda.
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NewsBarnes & Noble snapped up by Waterstones owner
Barnes & Noble has been acquired by Waterstones’ parent company Elliott Advisors in an all-cash deal.
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NewsArcadia CVA: Rent cuts reduced as Green plugs gap
Sir Philip Green’s retail empire Arcadia has pledged to reduce the rent cuts proposed in its CVA in a bid to get landlords onside, Retail Week can reveal.
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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.