Latest finance news – Page 24
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NewsShein ponders pushing back IPO date after Trump tariff changes
Online fashion giant Shein is considering a delay to an IPO in London in the aftermath of changes to US tariff rules unveiled by President Trump.
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NewsIn The Style teeters on brink of collapse
Online fashion retailer In The Style is close to insolvency and its owner is lining up administrators.
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NewsSteve Madden has snapped up Kurt Geiger
Luxury fashion house Steve Madden is set to acquire footwear, handbag and accessories brand Kurt Geiger from international private equity firm Cinven in a deal worth £289m.
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NewsDunelm sales climb as chief executive steps down
Dunelm’s chief executive Nick Wilkinson has announced his intention to step down from the business he guided through Covid, after it recorded another sales rise in the first half and moved towards the opening of its 200th store.
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NewsShein abandons hunt for UK warehouse as London listing hangs in the balance
Shein has reportedly abandoned its hunt for a warehouse in the UK, calling into question whether its long-mooted London IPO will go ahead.
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NewsM&S boss: Government should ‘lighten the burden the Budget loaded on retail’
Marks & Spencer chief executive Stuart Machin has called on the government to take “immediate action” and “lighten the burden that the Budget loaded on to the retail sector” if it wants to invest in retail’s future.
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NewsShein is set to slash target London IPO valuation
Shein is reportedly set to slash the target valuation for its highly-anticipated flotation on the London Stock Exchange.
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NewsAmazon retail sales beat analyst expectations as AI push continues
Executives told analysts that Amazon would up capital expenditure by 20%, with the majority dedicated to artificial intelligence infrastructure.
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NewsAsda’s sales slump must be turned around to avoid credit derating, warns Moody’s
Asda’s chairman Allan Leighton needs to resolve the chain’s operational challenges in the months ahead to prevent further downgrades to its credit rating, according to Moody’s.
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NewsWatches of Switzerland holds guidance as luxury jewellery market stabilises
Watches of Switzerland has held its FY25 guidance following “good trading” over the Christmas period in the UK and US.
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NewsTesco is eyeing Crown Post Office branches in a potential deal
The Post Office chairman has revealed to MPs that Tesco had shown interest in taking over more than 100 Post Office branches that are currently under direct management.
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NewsEstée Lauder has reported a drop in sales as it widens job cuts
Estée Lauder Companies has reported a decline in second quarter sales as it announces more job cuts.
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NewsN Brown promotes from within for new chief customer operations role
Fashion retailer N Brown has promoted from within for the newly created role of chief customer operations officer.
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NewsAsos’ former credit insurers reinstate cover as it works on turnaround plan
Asos has seen two previous credit insurers reinstate their cover for Asos clothing suppliers as the fashion retailer continues its turnaround plan.
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NewsPoundland’s managing director has stepped down amid reports of a sale
Poundland’s managing director Austin Cooke has left the value retailer amid reports of a potential sale.
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NewsTrouva has paused trading and is searching for a new buyer
The owner of online fashion marketplace Trouva is looking to pause trading while it looks for a buyer, according to reports.
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NewsHomebase owes unsecured creditors including retailers over £650m
Homebase owes more than £650m to unsecured creditors following its collapse into administration last November.
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NewsJohn Lewis and Waitrose ‘missed sales targets’ in the run-up to Christmas
John Lewis Partnership is reported to have recorded lower sales and profits than expected in the lead-up to Christmas.
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NewsSavers is planning to open 30 new stores across the UK in 2025
Value health and beauty chain Savers is planning to open 30 new stores in the UK this year, with a particular focus on the southeast of England.
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NewsMulberry has announced a new turnaround plan and CFO appointment
Mulberry is embarking on a new turnaround strategy and has announced the appointment of a new chief financial officer with the aim of returning the brand to profitability.