All News articles – Page 2008
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News
Mandarina Duck sold to Italian leather retailer
Italian leather goods retailer Antichi Pelletieri is to buy Bologna-based Mandarina Duck parent Finduck Group for €36.9 million ( 29.2 million) and press ahead with an emerging markets expansion plan.
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Fabric Warehouse enters administration
Homewares retailer Fabric Warehouse has gone into administration, becoming the latest victim of the credit crunch.
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The Works sale confirmed
Beleaguered discount bookseller The Works has been bought by private equity company Endless, as reported by Retail Week Online yesterday (May 6).
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Next set for poor first quarter
The City fears fashion group Next may report a like-for-like sales slump of as much as 10 per cent tomorrow, when the retailer updates on first-quarter trading.
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Bolland scoops £760,000 bonus
Morrisons chief executive Marc Bolland received a 760,000 bonus last year, almost 100 per cent of his salary, after leading a turnaround at the grocer.
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Oxfam to unveil fashion boutiques
Oxfam will open its first fashion boutique on Saturday, as it plans to transform the dowdy image of the charity shop.
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Top analyst slams M&S bonus scheme
Broker Credit Suisse has cast doubt on the terms of Marks & Spencer directors’ bonus scheme, questioning whether it is in the retailer’s long-term interests.
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SRG picks new MD
Speciality Retail Group (SRG) has appointed Nick Keyte as managing director of the formal menswear chain, with Peter Lucas assuming the roles of chief executive and chairman.
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Vision Express acquires 75-store rival
Vision Express has added 75 stores to its portfolio with the acquisition of Batemans Opticians parent company GC Bateman.
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St David’s extension signs seven
The St David’s Partnership, a joint venture between Land Securities and Capital Shopping Centres, has secured seven new retailers to the next phase of its shopping centre development in Cardiff.
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Blacks to shut Sandcity HQ
Blacks Leisure Group will close its Sandcity Washington, Tyne Wear head office and distribution centre and merge the business with its Freespirit operation in Northampton.
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Endless buys The Works
Beleaguered discount bookseller The Works is understood to have been bought by private equity company Endless, as forecast by Retail Week (March 28).
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Argos to launch flatpack houses
General merchandise retailer Argos is launching a range of self-assembly log cabins with price points from as low as 11,000.
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Asda to source extra £30m from African farmers
Asda chief executive Andy Bond will today pledge to source an additional 30 million of fresh produce from African farmers over the next five years.
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Kingfisher finance director to step down
DIY group Kingfisher’s finance director Duncan Tatton-Brown is to step down after seven years with the retailer.
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Vision Express snaps up G C Bateman
High street Optician Vision Express has bought 70-store family business G C Bateman Group for an undisclosed sum.
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Baugur reviews Moss Bros bid
Icelandic group Baugur is continuing to evaluate its 42p a share offer for struggling menswear retailer Moss Bros.
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Instore picks finance director
Value retailer Instore has appointed Ebrahim Suleman as group finance director.
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Making your mark is no picnic
Today’s retail brands will influence how future generations decide what to buy and what to think
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Bravissimo heads for Milton Keynes
Lingerie retailer Bravissimo is to open its first regional shopping centre store at The Centre:MK in Milton Keynes.