Latest finance news – Page 207
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NewsBonmarché warns Philip Day offer 'undervalues' business
Bonmarché has warned prospective buyer Philip Day that his recent bid “undervalues” the business, but has offered further talks.
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NewsUniqlo issues profit warning after winter discounting
Fast Retailing, the owner of Japanese-based fashion giant Uniqlo, has issued a profit warning after unseasonably warm weather forced it to slash prices for winter clothes.
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NewsArcadia revamps board as Green mulls restructure
Sir Philip Green has recruited two restructuring specialists to the board of Arcadia, as he mulls a potential CVA for his struggling fashion empire.
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NewsWHSmith profits fall amid InMotion acquisition
WHSmith has suffered a fall in half-year profits but insisted it is “well-positioned” to hit full-year expectations.
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NewsSports Direct lawyers clash with Debenhams administrators
Lawyers for tycoon Mike Ashley’s Sports Direct have written to the administrators of Debenhams alleging a conflict of interest.
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NewsDebenhams owners hire turnaround expert
Debenhams’ new owners are set to appoint a turnaround chief just one day after seizing control of the business.
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NewsAsda contract changes could leave 3,000 staff worse off
Asda is in consultation with staff and unions over proposals to “streamline” the contracts of hourly paid staff, which could leave around 6,000 workers worse off.
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NewsLeonard Green ditches Topshop stake
US investment firm Leonard Green has sold its 25% stake in Topshop and Topman for an undisclosed sum to the brands’ parent company Arcadia.
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NewsLewis: Tesco will 'finish' turnaround this year
Tesco boss Dave Lewis has revealed the grocer is eyeing new avenues for growth and value creation following another “strong” year on its road to recovery.
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NewsTesco full-year profits climb as turnaround bears fruit
Tesco’s profit and sales rose as boss Dave Lewis says the grocer has “met or are about to meet the vast majority of our turnaround goals”.
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NewsAsos profits plunge as international costs bite
Asos has reported a nosedive in interim profits, which boss Nick Beighton attributed to “major capex” costs that “inevitably involved significant disruption and transition costs”.
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NewsDunelm delivers ‘strong' third-quarter sales growth
Dunelm has recorded a rise in its third-quarter sales as the retailer was spurred by an uplift in sales across its stores and online.
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NewsAshley labels Debenhams administration ‘national scandal'
Sports Direct founder and Debenhams’ largest shareholder Mike Ashley has vowed to “save as many Debenhams stores and jobs as I can” in an explosive stock exchange announcement.
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NewsChinese firm closes in on LK Bennett acquisition
A Chinese firm which supplies LK Bennett is closing in on a deal to buy the beleaguered fashion retailer from administrators.
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NewsDebenhams' lenders poised to take control as Sports Direct spurned
Debenhams’ lenders are expected to take control of the department store group after conditions for further funding were not met and no deal was struck with potential buyer Sports Direct.
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NewsPre-pack looms as Debenhams shuns Ashley
Debenhams has rejected Sports Direct’s offer to underwrite a £150m equity issue, bringing the department store business one step to closer to pre-pack administration.
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NewsAshley offers to underwrite Debenhams equity issue
Sports Direct boss Mike Ashley proposed to underwrite a £150m equity raise for existing Debenhams shareholders but has also called for members of the department store group’s board to take a lie detector test.
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NewsAgenda: Tesco, Asos and WHSmith update the market
Retail Week looks ahead to the next seven days with Tesco, Asos, WHSmith and Dunelm update on the agenda
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NewsPrivate equity 'has no place in retail', argues Knight Frank
A new report has lambasted the “traditional private equity” model, saying it has no place in the retail sector.
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NewsNew Look operations boss Monaghan exits
New Look managing director of group operations Dan Monaghan will depart the business in a senior management team restructure, Retail Week can reveal.