All News articles – Page 468
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NewsSports Direct lawyers clash with Debenhams administrators
Lawyers for tycoon Mike Ashley’s Sports Direct have written to the administrators of Debenhams alleging a conflict of interest.
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NewsDebenhams owners hire turnaround expert
Debenhams’ new owners are set to appoint a turnaround chief just one day after seizing control of the business.
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NewsAsda contract changes could leave 3,000 staff worse off
Asda is in consultation with staff and unions over proposals to “streamline” the contracts of hourly paid staff, which could leave around 6,000 workers worse off.
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NewsLeonard Green ditches Topshop stake
US investment firm Leonard Green has sold its 25% stake in Topshop and Topman for an undisclosed sum to the brands’ parent company Arcadia.
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NewsDobbies snaps up 31 garden centres from rival Wyevale
Dobbies has acquired 31 stores from Wyevale, making it the largest garden centre operator in the UK.
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NewsLewis: Tesco will 'finish' turnaround this year
Tesco boss Dave Lewis has revealed the grocer is eyeing new avenues for growth and value creation following another “strong” year on its road to recovery.
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NewsDunelm delivers ‘strong' third-quarter sales growth
Dunelm has recorded a rise in its third-quarter sales as the retailer was spurred by an uplift in sales across its stores and online.
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NewsTesco full-year profits climb as turnaround bears fruit
Tesco’s profit and sales rose as boss Dave Lewis says the grocer has “met or are about to meet the vast majority of our turnaround goals”.
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NewsAsos profits plunge as international costs bite
Asos has reported a nosedive in interim profits, which boss Nick Beighton attributed to “major capex” costs that “inevitably involved significant disruption and transition costs”.
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NewsLush axes all UK social media channels
Lush is set to close its UK Instagram, Facebook and Twitter accounts by the end of the week, saying it is “tired of fighting with algorithms” and doesn’t want to “pay to appear” in customers’ feeds.
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NewsAshley labels Debenhams administration ‘national scandal'
Sports Direct founder and Debenhams’ largest shareholder Mike Ashley has vowed to “save as many Debenhams stores and jobs as I can” in an explosive stock exchange announcement.
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NewsChinese firm closes in on LK Bennett acquisition
A Chinese firm which supplies LK Bennett is closing in on a deal to buy the beleaguered fashion retailer from administrators.
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NewsDebenhams put up for sale following administration
Debenhams has been put up for sale after lenders took control of the department store group through a pre-pack administration.
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NewsNew Look to abandon in-store menswear offer
New Look is to stop selling menswear in its stores and will only offer the category online from this autumn.
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NewsDebenhams' lenders poised to take control as Sports Direct spurned
Debenhams’ lenders are expected to take control of the department store group after conditions for further funding were not met and no deal was struck with potential buyer Sports Direct.
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Brexit uncertainty takes toll on retail sales
The ongoing uncertainty around the future of Britain’s relationship with the European Union has negatively affected retail sales for March, according to the BRC-KPMG Retail Sales Monitor.
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NewsPre-pack looms as Debenhams shuns Ashley
Debenhams has rejected Sports Direct’s offer to underwrite a £150m equity issue, bringing the department store business one step to closer to pre-pack administration.