Latest finance news – Page 52
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NewsSpace NK owner appoints bankers for sale of beauty chain
Space NK owner Manzanita Capital has appointed bankers as it eyes a potential sale of the premium high street beauty chain.
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NewsCard Factory CEO on why its ‘relentless focus on value for money’ has paid off
As Card Factory posts robust sales in the full year ending January 2024, Retail Week speaks to chief executive Darcy Willson-Rymer on its strategy for success and future plans.
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NewsMorrisons completes sale of forecourts to MFG
Grocer Morrisons has concluded the sale of its forecourts business to specialist operator MFG.
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NewsFifth of Ocado shareholders revolt over chief executive’s reward package
Almost a fifth of Ocado shareholders rebelled against Ocado chief executive Tim Steiner’s remuneration deal but it will still go ahead.
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NewsCard Factory sales and profits climb as stores perform strongly
Greetings cards specialist Cards Factory has posted strong annual revenue and earnings growth as stores traded well.
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NewsGlobal skincare brand L’Occitane set to go private in £1.4bn deal
L’Occitane International chair Reinold Geiger is set to take the Hong Kong-listed skincare firm private in a HK$13.91bn (£1.4bn) deal, the company announced on Monday.
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NewsMonsoon Accessorize profits fall as demand slows
Womenswear retailer Monsoon Accessorize has posted a dip in profits for FY2023 as lower demand caused by the ongoing cost-of-living crisis took its toll.
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NewsFlying Tiger Copenhagen reports ‘record sales’ as it expands into seven new markets
Danish retailer Flying Tiger Copenhagen has posted growth in revenue and sales, as well as seeing its “best quarter ever” in terms of sales for Q4 2023.
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NewsVinted posts first profit after ‘strong’ year of growth
Online marketplace Vinted has posted a “strong” year of growth after it reached profitability for the first time and reported a surge in revenue.
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NewsShein’s London IPO to boost FTSE 100
Singapore-headquartered fashion giant Shein is set to boost the FTSE 100 as early as next month with a much-anticipated London IPO, This Is Money has reported.
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NewsSuperdry landlord M&G drafts in lawyers to review survival plan
The owner of Superdry’s Oxford Street flagship is reportedly mulling a challenge to the fashion retailer’s survival plan, which is set to involve steep rent cuts across some of its stores.
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NewsTed Baker’s European business in limbo with 149 jobs at risk
Ted Baker’s European arm is at risk of collapsing into administration, putting 149 roles at risk of redundancy at the fashion retailer.
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NewsLondon Designer Outlet posts record-breaking sales
London Designer Outlet (LDO), located at Wembley Park, has recorded its strongest first quarter ever as sales surpassed £20m for the first time.
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NewsSainsbury’s sales soar as food first strategy pays off
Sainsbury’s has reported growth in sales with record market share gains and volumes driven by a strong performance by the supermarket’s food division.
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NewsWHSmith sales rise driven by growth in travel division
WHSmith has reported a growth in sales driven by strong performance by its travel division in the half-year ending February 29, 2024.
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NewsLuxury retail group Kering warns on profits as sales slide
Gucci owner Kering has warned on profits during the first half of the year as sales slipped at the luxury fashion house during its first quarter.
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NewsTHG sales dip as devalued yen hits nutrition business
THG has reported a dip in sales for the first quarter as its nutrition business proved to be a drag on surging beauty sales.
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NewsJD Sports strikes £899m deal for US sportswear brand Hibbett
JD Sports has entered into a binding agreement to acquire US sportswear brand Hibbett for £899m.
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NewsPrimark profits soar as retailer targets further UK click-and-collect rollout
Primark profits have leaped and sales increased as the fashion brand targets rolling out click and collect across more stores across the UK.
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NewsThe Body Shop’s downfall triggered by owner’s failure to refinance loan
The Body Shop’s collapse was triggered by owner Aurelius failing to refinance loan, which resulted in an unplanned funding gap upwards of £100m.