Latest finance news – Page 82
-
NewsAsos posts quarterly profit as turnaround strategy pays off
Online fashion giant Asos has hailed a return to profitability in its third quarter as evidence that its recovery plan is delivering.
-
NewsMarks Electrical sales soar in record year
Marks Electrical has enjoyed a record year as savvy shoppers researched online for better prices on large appliances.
-
NewsNext mulls £500m sale of Reiss stake
Fashion giant Next is considering the sale of its 51% stake in Reiss in a deal that would value the fashion brand at more than £500m.
-
NewsJollyes hails ‘strongest ever’ year as sales top £100m
Pet care specialist Jollyes has hailed its strongest-ever year, with sales topping £100m for the first time.
-
NewsFrasers Group snaps up £75m stake in AO World
Frasers Group has bought a 19% stake in online electricals retailer AO World.
-
NewsEG Group refinances following Asda deal
Forecourts giant EG Group has reported “significant strategic progress on deleveraging and refinancing” following the sale of its UK and Ireland division to Asda.
-
NewsFrasers Group ups stake in Asos as takeover speculation swirls
Tycoon Mike Ashley’s Frasers Group has increased its stake in fashion pureplay Asos, which has been at the centre of takeover talk.
-
NewsAsos head of commercial change quits amid ongoing turmoil
Asos head of commercial change and operations Anthony Benham has quit after 16 years at the online retailer as turmoil at the business continues.
-
NewsSeasalt hails ‘outstanding’ full year as sales and profits boom
Cornish fashion brand Seasalt has posted a hike in sales and profits for the full year to January 29, 2022, which it credited to the success of its in-store and online performance as well as its “successful third-party relationships”.
-
NewsZara owner Inditex profits and sales continue to thrive
Spanish fashion giant Inditex posted an increase in profits and sales in its first quarter, which it credits to a positive performance across “all geographical locations” and its spring/summer collections resonating with shoppers.
-
NewsBoots chief financial officer quits after five years
Boots chief financial officer Michael Snape has quit his role after five years, a year after its US parent Walgreens Boots Alliance halted plans to sell the business.
-
NewsPepco sales rise as growth strategy progresses
Pepco has reported an increase in sales and revenue as trading remained strong due to its “strong progress against strategic objectives”.
-
NewsN Brown profit and revenue decline driven by ‘challenging online market conditions’
N Brown has posted a fall in revenue, which it says reflected “challenging online market conditions” as inflation took its toll on customers and costs.
-
NewsAsda’s assets used to fund EG Group UK and Ireland takeover
Asda’s takeover of EG Group UK and Ireland is reportedly being funded by the sale of the supermarket’s assets.
-
NewsAsos approached in £1bn takeover
Asos was reportedly approached for a £1bn takeover bid by Turkish fast-fashion retailer Trendyol.
-
NewsAuthentic Brands Group adds Hunter to portfolio
US private equity-backed Authentic Brands Group, which owns Reebok and Ted Baker, has completed the acquisition of Wellington boot brand Hunter.
-
NewsLululemon sales soar in ‘solid start to the year’
Lululemon has reported a net revenue increase of 24% to $2bn (£1.6bn) as shoppers snapped up its high-end yoga gear and activewear.
-
NewsRevolution Beauty revenues slip as it navigates accounting scandal
Revolution Beauty revenues have slipped as the brand continues to navigate an audit investigation that revealed “unacceptable” business practices.
-
NewsDr Martens sales top £1bn but profits drop
Dr Martens sales have reached £1bn for the first time, but profits tumbled and “operational mistakes” in the US impacted its performance.
-
NewsCotton Traders hails ‘most successful financial year to date’
Cotton Traders has reported its “most successful financial year to date” for 2022, as turnover reached a record high for the British heritage fashion retailer.