Latest finance news – Page 492
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News
Casino to take full control of Brazilian supermarket chain
French retailer Casino has started the process to take full control of Brazilian supermarket chain Companhia Brasileira de Distribuição SA (CBD). Casino said it had informed Abilio Diniz, head of the Diniz Group, which currently controls CBD, of its decision to exercise its right to appoint the chairman of the ...
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Bibby Retail Services acquires Rhythm & Booze
Bibby Retail Services has acquired off licence chain Rhythm & Booze.
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NewsFindel full year sales edge up as turnaround plan bears fruit
Home shopping group Findel’s full year sales edged up 1.1%.
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NewsHome Retail Group chairman Stocken stands down
Home Retail Group chairman Oliver Stocken is to step down as chairman and is to be replaced by John Coombe.
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NewsThe Co-operative Food records 2.1% like-for-like fall
The Co-operative Food faced a “severe challenge” in 2011 as like-for-like sales fell 2.1%.
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NewsClintons founder Don Lewin to step down as profits slump
Greetings card retailer Clintons has revealed its founder and non-executive chairman Don Lewis is to step down from the company in July.
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NewsGame administration sparks trade interest
The owner of Irish entertainment retailer Xtra-Vision is thought to be interested in acquiring parts of Game after it collapsed into administration this week.
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NewsMatalan tycoon's daughter buys Fenn Wright Manson
Matalan founder John Hargreaves’ daughter Maxine Hargreaves-Adams has snapped up collapsed womenswear retailer Fenn Wright Manson.
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NewsTopps Tiles expects 4.5% like-for-like sales fall
Topps Tiles is expected to report a 4.5% fall in like-for-like sales for the first half.
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NewsComet enjoys best sales for two years
Comet chairman John Clare has said the retailer has enjoyed its best sales for two years and is hoping to break even this year.
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NewsGame collapses into administration, 6,000 jobs in jeopardy
Game has appointed PwC as administrator to the business this morning after “ceaseless interrogation of every possible alternative” failed to save the troubled entertainment retailer. It is thought that chief executive Ian Shepherd has stepped down.
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NewsBrand Alley sales soar 60% in 2011
Brand Alley sales soared 60% in its full year to December 31, 2011.
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NewsWilkinson among bidders for Robert Dyas
UPDATE: Wilkinson is in the bidding race for hardware retailer Robert Dyas, it is understood.
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News
Grocer A&P completes financial restructuring
Grocer A&P has completed its financial restructuring and emerged from bankruptcy protection as a private company. It has obtained $490m (£308.3m) in financing from Yucaipa Cos – an investment vehicle for Burkle – Goldman Sachs Asset Management and Mount Kellett Capital Management an investor in distressed companies.According to the grocer, ...
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NewsCath Kidston: Booming sales for the kitsch retailer
Booming sales at the retailer reflect two years of rapid growth under its private equity owner.
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NewsNext warns of "uncertain" year despite 5.6% profits rise
Next has warned that the year ahead is “uncertain” despite both profits and sales at the high street retail group increasing last year.
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NewsKingfisher profits up as it eyes new markets for growth
Kingfisher full year adjusted pre-tax profits soared 20% to £807m, driven by a strong performance in France and the UK.
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NewsPotential buyers circle Game
Beleaguered entertainment retailer Game was being circled by potential buyers within hours of putting administrators on standby yesterday.
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NewsEarly spring drives up Debenhams’ sales
Debenhams reported that its early spring season launch helped drive like-for-like sales growth in the first half.
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NewsGA Europe in the frame to buy Birthdays chain
Retail restructuring specialist GA Europe is among those bidding to take control of greetings card chain Birthdays, which parent Clinton may sell.