All News articles – Page 1935
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Sir Philip Green in talks to buy £2bn Baugur debt
Baugur chairman J n sgeir J hannesson has admitted he could lose control of his UK retail business as Sir Philip Green considers buying about 2 billion worth of debt from failed Icelandic banks.
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Baugur rejects claim that retail businesses are for sale
Baugur has denied comments by Alchemy Partners chief Jon Moulton that he was offered a number of the Icelandic investor’s UK retail companies in the aftermath of the collapse of Iceland’s banking industry.
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Woolworths to sell nine store leases to Tesco
Variety store group Woolworths has struck an agreement to sell the leases on up to nine stores to Tesco for up to 9 million and will use the cash to reduce borrowings.
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Card group in administration
Celebrations Holdings Group, the gift card retailer with fascias including Card Warehouse and Cardfair, has gone into administration.
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Borders UK exposed to Landsbanki
Bookseller Borders UK has been dragged into Iceland’s financial difficulties as it has emerged that it received a loan from troubled bank Landsbanki earlier this year.
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John Lewis sales pick up
John Lewis reported a much-needed boost to the UK high street today with an improvement in its weekly sales.
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Coface pulls Baugur credit insurance
One of the UK’s three biggest credit insurers has withdrawn cover for suppliers to several Baugur-backed retailers as the situation in Iceland worsens.
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Sir Alan Sugar takes stake in Woolworths
The Apprentice star Sir Alan Sugar has reportedly acquired a near 4 per cent stake in Woolworths.
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Baugur insists 'business as usual' despite Icelandic meltdown
Icelandic investor Baugur has once again offered reassurance that its UK retail portfolio will be unaffected by the Icelandic financial crisis.
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Play.com widens digital offer
Play.com has extended its digital download store to include tracks and albums from all four major music labels.
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Top Baugur man’s role in flux as investment giant refocuses
The role of Baugur managing director of retail Jeff Blue is likely to change as the Icelandic investor adapts its strategy in changing circumstances.
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Malcolm Walker: no Iceland meltdown
Iceland chief executive Malcolm Walker reassures suppliers as Icelandic economic collapse threatens retailers.
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Moss Bros tightens terms for suppliers
Moss Bros has overhauled its supplier terms to fund its three-year strategic plan and a “major” marketing scheme.
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Lipsy to expand stores and range under Next
Young fashion brand Lipsy is to ramp up its retail expansion and product offer following its acquisition by retail giant Next for 17.4 million last week.
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Boots culls 240 positions as it aligns support offices
Health and beauty giant Boots is to cut 240 UK positions as it moves to combine two support offices.
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Sainsbury’s delivers robust second quarter
Sainsbury’s is confident its market position will be an advantage in the wake of the credit crunch after delivering better than expected second-quarter sales.
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Bhs blames bad weather for profits nosedive
A return to normal weather patterns will be key to Bhs’ fortunes being revived, the company said this week.
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Landlords send bailiffs to JJB Sports stores
Beleaguered sports retailer JJB Sports was dealt another blow as bailiffs were sent in to at least 12 of its stores last week.
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Leighton hints at making UK retail comeback
Allan Leighton, who stands down as Royal Mail chairman next year, has revealed he may return to the UK in a retail chief executive role.