Latest finance news – Page 375
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NewsBreakfast Briefing: Retail news on Kurt Geiger and Ness
Retail news round-up on April 02, 2015: Kurt Geiger to change ownership less than year after last acquisition and womesnwear retailer Ness secures £2.5m funding.
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NewsRetail's richest: Retail Week’s list of the industry’s wealthiest 100
By our reckoning there are 100 retail billionaires worldwide, some retired, others very much active. But who has the most?
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NewsAsos reports dip in profits as it ploughs cash into global distribution
Asos reported a record Christmas for sales, but its profits dipped as the etailer invested in its international capabilities.
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NewsBreakfast Briefing: Retail news on Lidl, Apple, Carphone Warehouse and Amazon
Retail news round-up on April 01, 2015: Lidl eyes additional stores; Retailers suffer business rates delay; Apple smartwatch supply; Amazon home ordering device.
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NewsMamas & Papas boss Chris Yates steps down as retailer returns to profitability
Mamas & Papas’ boss Chris Yates has stepped down from his role as chief executive, as the retailer says it has returned to profitability.
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NewsLondon’s West End faces 80% hike in business rates, says expert
Bond Street, Oxford Street and Regent Street are likely to be hardest hit by the next business rates revaluation which is expected to increase their bills by 80%.
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NewsNet-a-Porter and Yoox to merge in luxury fashion mega deal
Italian etailer Yoox and Net-a-Porter are to merge, creating an online luxury fashion giant with combined profits of €108m (£78.7m).
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NewsKingfisher to close 60 B&Q stores as new boss Véronique Laury restructures group
Kingfisher will close 60 B&Q stores as part of a radical restructure of the group as new boss Véronique Laury attempts to turn the business around.
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NewsLabour vows to maintain ‘most competitive rate of corporation tax in the G7’
The Labour Party has promised to maintain the most competitive rate of corporation tax in the G7 if it gains power in the general election.
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NewsEvans Cycles swings to profit as Cotswold Outdoor owner eyes retailer
Evans Cycles has revealed it has returned to pre-tax profit as the sale of the business enters the latter stages.
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NewsSports Direct board labelled “dysfunctional” by Institute of Directors
The Sports Direct board has been labelled “dysfunctional” because it does not provide “sufficient check” on owner Mike Ashley’s powers.
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NewsB&Q boss Kevin O'Byrne to exit and Mr Bricolage deal falls apart
B&Q boss Kevin O’Byrne is to leave the company, which coincides with the collapse of parent company Kingfisher’s acquisition of Mr Bricolage.
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NewsItalian etailer Yoox enters running to acquire Net-a-Porter
Italian etailer Yoox has entered the running to acquire luxury fashion business Net-a-Porter after tabling a bid that could value the London-based firm at more than £1.3bn.
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NewsBreakfast Briefing: Retail news on Net-a-Porter, Tesco, Argos and more
Retail news round-up on March 30, 2015: Yoox eyes Net-a-Porter.com acquisition, Tesco to sell development sites, eBay to trial ‘click and drop’ at Argos stores and more.
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News
Dollarama may have to raise its prices above $3 because of inflation
Canadian discounter Dollarama may have to raise its prices above CAD3 to offset the effect of the low Canadian dollar.
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NewsH Samuel and Ernest Jones report highest fourth quarter sales in 13 years
H Samuel and Ernest Jones reported 7.5% like-for-like sales growth in the fourth quarter, the jewellers’ biggest sales increase in 13 years.
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NewsAmazon in talks to buy luxury fashion etailer Net-a-Porter
Amazon is in talks to buy luxury fashion etailer Net-a-Porter in a deal that would value it at about £1.5bn, it is understood.
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NewsBreakfast Briefing: Retail news on Amazon, Net-a-Porter, and Tesco
Retail news round-up on March 27, 2015: Amazon eyes Net-a-Porter.com acquisition and in talks to trial delivery drones in UK, Tesco’s F&F brand to debut in Russia in June
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NewsKingfisher considers legal action over Mr Bricolage dispute
Kingfisher is considering legal action against Mr Bricolage over a dispute about the terms of its potential acquisition of the French retailer.
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NewsDFS boss Ian Filby 'extremely happy' with stock market valuation
DFS boss Ian Filby says he was “extremely happy” with the company’s valuation following its stock market flotation earlier this month.