Latest finance news – Page 59
-
NewsSuperdry founder Dunkerton courts US investor to take brand private
Superdry founder Julian Dunkerton is understood to be assembling an offer for a US private investor to take the struggling brand private.
-
NewsExclusive: Over 2,000 jobs at risk as The Body Shop’s European businesses left in limbo
The Body Shop’s businesses across continental Europe are in danger of collapsing, leaving the fate of thousands of jobs and hundreds of stores in multiple countries in the balance.
-
NewsFarfetch to cut up to 30% of workforce as Coupang takes over
Farfetch is set to cut up to 30% of its total workforce as global ecommerce retailer Coupang takes ownership, Drapers has reported.
-
NewsCurrys rejects ‘significantly undervalued’ takeover proposal
Currys has rejected a takeover proposal by US investment firm and owner of Waterstones Elliott Advisors as it “significantly undervalued” the company.
-
NewsMytheresa ‘outperforms’ as luxury fashion sales grow
Luxury fashion retailer Mytheresa has hailed its sales growth during the second quarter, despite falling profits, as it “outperformed almost all competitors” and the demand for luxury fashion goods edged up.
-
NewsFarfetch boss steps down amid Coupang takeover
Farfetch boss José Neves is set to step down from his role as chief executive at the luxury fashion retailer, according to reports.
-
NewsWhite Stuff owners consider sale following takeover approach
The owners of fashion retailer White Stuff are reportedly exploring a sale of the business after receiving surprise interest from a prospective buyer.
-
NewsAO saves 70 jobs through buying mobile phone retailer
Online electricals retailer AO has acquired some assets of the mobile phone retailer A1 Comms, saving 73 jobs in the process.
-
NewsAsda owners borrowed millions from EG Group to pay private jet loans
Asda owners Mohsin and Zuber Issa have borrowed millions of pounds from their EG Group petrol forecourt empire to pay down debts taken on buying two private jets.
-
NewsFood prices fall for first time in two years as inflation stalls
The annual rate of inflation was unchanged in January, despite the first monthly fall in food prices, according to the Office for National Statistics.
-
NewsDunelm posts rise in sales and increased market share gains across homewares and furniture
Dunelm has recorded strong sales growth and market share gains in both homewares and furniture markets.
-
NewsThe Body Shop appoints administrators
The Body Shop has confirmed FRP Advisory as administrators of the business as it looks to “accelerate restructuring of the UK business”.
-
NewsYodel secures rescue deal led by rival Shift
Parcel delivery group Yodel has been acquired by a privately funded consortium led by executives of rival company Shift for an undisclosed sum.
-
NewsMatalan poaches new CFO from Poundland
Matalan chief financial officer Stephen Hill has stepped down from his role and will be succeeded by former Poundland finance director Dave Williams.
-
NewsEvri parcelled up for £2bn sale
Evri is being prepared for a multibillion-pound sale by its private equity owner, according to reports.
-
NewsNew Body Shop owner prepares to appoint administrators in UK
The Body Shop’s new owner is preparing to call in administrators just weeks after taking over the retailer.
-
NewsWaterstones profits fall as IT issues cause order backlog
Waterstones’ full-year profits declined despite a boost in sales as issues with stock distribution technology caused a backlog of orders.
-
NewsUnder Armour ‘on track’ for full year despite sales dip
Sportswear retailer Under Armour has said it delivered better than expected profitability and remains “on track” for the full year, despite a decline in sales in its third quarter.
-
NewsBarclays acquires Tesco Bank in £600m deal
Barclays has today confirmed it will acquire Tesco Bank in a £600m deal, which will see the bank take on the grocery giant’s 2,800 employees working across banking products.
-
NewsExclusive: Lawyers write to new Body Shop owners over unpaid bonuses
Brazilian beauty giant and previous owner of The Body Shop Natura &Co’s legal counsel has reached out to new owner Aurelius over unpaid bonuses of former employees, Retail Week can reveal.