Latest finance news – Page 54
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NewsTed Baker US licence partner OSL eyes takeover bid
Ted Baker’s North American licensing partner, OSL, is reportedly eyeing a potential takeover bid of the fashion retailer after it collapsed into administration.
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NewsFrasers to acquire Dutch sports retailer Twin Sport
Frasers Group has entered a binding agreement to acquire Dutch omnichannel sports retailer Twin Sport as it looks to “become the number one sporting goods retailer in Europe, the Middle East and Asia” region.
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NewsTHG profits surge despite sales slip
THG has posted an increase in profits for the full year and maintained its profit guidance despite a slip in sales driven by “action to discontinue loss making categories”.
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NewsTesco profits and sales soar amid growing market share
Tesco has reported a surge in both profits and sales for the full year and hailed a surge in market share gains as inflationary pressures “lessened substantially”.
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NewsExclusive: Retail spend to take £2.4bn hit in 2024
Retail spending is expected to take a £2.4bn hit this year as consumers are impacted by “lower levels of affluence” amid the cost-of-living crisis, according to the latest research by Retail Economics and beBettor.
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NewsNext and Frasers Group circle Ted Baker for potential rescue deal
Retail giants Next and Frasers Group have reportedly expressed an interest in purchasing collapsed fashion retailer Ted Baker.
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NewsHome Bargains owner targets 1,000 stores after profit boost
TJ Morris, owner of discount retailer Home Bargains, has posted a rise in sales and profit as it looks to open more stores.
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NewsPhase Eight owner TFG completes £90m refinancing
TFG London, the owner of fashion brands Phase Eight, Whistles and Hobbs, has secured £90m in funding to support its growth strategy.
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NewsProCook ups profit guidance due to 'growing momentum'
ProCook has boosted its profit guidance in the wake of improvements to trading momentum and a growing market share.
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NewsTesco teams up with international grocery giants on start-up investment fund
British supermarket Tesco has teamed up with grocery giants from around the world on a five-year, $125m (£98.9m) venture capital fund designed to “accelerate innovation”.
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NewsTed Baker administrator closes 15 stores with 245 job losses
Administrator Teneo has announced the closure of 15 Ted Baker stores across the UK, resulting in 245 job losses at the fashion retailer.
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NewsRetailers face mounting pressure as insolvencies surge by 19%
Rising interest rates, escalating costs and restrained consumer spending have cast a shadow over retail, leading to a surge in insolvencies.
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NewsCurrys shareholder pushes for sale of ID Mobile
A major Currys shareholder is urging the electricals retailer to sell its mobile phones division, ID Mobile, in the aftermath of two abandoned takeover attempts.
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NewsThe Body Shop administrator proposes CVA to rescue business
The Body Shop’s administrator has proposed a company voluntary arrangement (CVA) to rescue the business, according to a report outlining the struggling beauty chain’s financial position and the events leading up to its administration.
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NewsMajestic completes rescue deal for Vagabond Wines
Majestic Wine has announced the acquisition of Vagabond Wines following its collapse into administration last month.
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NewsCarpetright calls in advisers to cut costs as demand slows
Flooring retailer Carpetright has reportedly drafted in advisers to help explore cost-saving measures as demand for the business has slowed.
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NewsThe Works shareholders vote to move to AIM
The Works shareholders have voted to move the specialist retailer’s shares from the main market of London’s Stock Exchange to its sub-market AIM.
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NewsManzanita Capital to put Space NK up for sale
Space NK owner Manzanita Capital is in talks to appoint bankers to oversee a partial or complete sale of the premium high-street beauty retailer, Sky News reported.
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NewsExclusive: Theo Paphitis hits out over business rates as footfall return lifts Ryman
Retail entrepreneur Theo Paphitis has criticised the government for a “disappointing” attitude to the industry’s importance as his business achieved improved profitability.
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NewsDecathlon sales rise in ‘transformative year’
Sportswear giant Decathlon has reported a rise in sales as it revamped its global brand identity and laid “strong foundations for the future” in “a transformative year” for the company.