Caution urged over Peacocks buy-out November 1, 2005 Broker Numis warned Peacocks shareholders to scrutinise the budget retailer’s performance at the half year as the recent run of strong trading could make the proposed £404m take-out price look “conservative”. The Peacocks management team, backed by Goldman Sachs, Debenhams chairman John Lovering and American hedge funds Och-Ziff Capital Management Group and Perry Capital LLC, [...]
Violet Hue October 18, 2005 Tchenguiz is the last man standing in the race for Somerfield. Another one bites the dust. Amid talk of a high-street bloodbath in the run-up to Christmas, Somerfield has joined the lengthening list of retailers opting to leave the glare of the stock market. Of course, the announcement surprised no one. Somerfield has been on [...]
On top of the world October 21, 2005 Retail may be struggling, but Philip Green has just taken a £1bn dividend. Is he embarrassed? Not much. Displaying the timing for which he has become famous, retail entrepreneur Philip Green paid himself a whopping £1.2bn dividend from his retail chain Arcadia. At a time when retailers nationwide are struggling, Arcadia announced a 10.1 per [...]