Matalan chief Jason Hargreaves makes retailer a family affair May 14, 2015 Jason Hargreaves made a trip to Oxford Street earlier this year with his four-year-old daughter in tow. The managing director of Matalan, the out-of-town value fashion and homeware chain founded by his father, John Hargreaves, 30 years ago, came to view its first ever central London store at the east end of on Oxford [...]
Marks & Spencer reveals plan to revamp its shops September 10, 2013 SHARES in Marks & Spencer rose two per cent yesterday as the latest phase of the retailer’s turnaround plan won the City’s approval. Chief executive Marc Bolland showcased a new layout for its womenswear range at the Oxford Street Pantheon store that it hopes to roll-out across the UK. The changes include a new shoe [...]
City Moves for 30 July 2014 | Who’s switching jobs July 29, 2014 Anthology David Clark has been appointed chief financial officer at the property developer, backed by Oaktree Capital Management. He joins from Mount Anvil, the specialist residential property developer, where he was group finance director. CityJet Patrick Lukan has been appointed chief commercial officer at the airline. He joins from Carlson Wagonlit Travel, where he was [...]
Financial policy committee gets new member January 27, 2015 THE BANK of England has appointed Alex Brazier to its financial policy committee (FPC). Brazier was previously private secretary to governor Mark Carney. He first joined the bank in 2001 as an economist before working his way up the ranks. The FPC’s main task is to oversee system-wide risk in the financial sector. He will [...]
Monitise buys voucher firm Markco for £55m June 26, 2014 MOBILE payments firm Monitise yesterday said it would acquire MyVoucherCodes.co.uk and Last Second Tickets owner Markco Media in a £54.5m deal. Monitise said the acquisitions would allow it to become “the enabling partner of choice amid the biggest shift in financial services and shopping in a generation, as brands turn to mobile”. The deal is [...]
Shapland is named Poundland chair in retail merry-go-round July 29, 2014 Poundland yesterday named Darren Shapland as its new chairman after losing its current boss to the troubled supermarket Morrisons in the latest round of retail musical chairs. Shapland joined the bargain chain’s board as a senior independent director ahead of its £750m float in March after a brief stint as chief executive of the flooring [...]
Cannock Chase can see off Huxley rivals May 6, 2015 BILL ESDAILE PREVIEWS DAY TWO OF CHESTER’S MAY MEETING SIR MICHAEL Stoute hasn’t quite scaled the heights that we have come to expect over the past few seasons, but four winners at Royal Ascot last June secured him the top trainer award at the meeting and he has a powerful squad for this campaign. He [...]
Blue Inc pulls its float as listing fears spread June 18, 2014 DISCOUNT fashion chain Blue Inc has pulled its £60m flotation plans just weeks after they were announced, after a disappointing performance for London’s recent initial public offerings. The company last night said it would instead proceed with a private share placing with institutional investors, given demand remains strong. On 30 May, Blue Inc had announced [...]
Primark in talks to buy £60m Birmingham shopping centre June 9, 2014 DISCOUNT fashion retailer Primark is close to sealing a deal to a buy an entire shopping centre in Birmingham for around £60m. The company is in advanced talks to buy the 250,000 square feet Pavilions shopping centre from UBS’s Triton Property Fund, with a deal expected to be confirmed as soon as this week. It [...]
Land Securities buys Bluewater shopping mall stake for £656m June 25, 2014 LAND Securities has bought Lend Lease’s 30 per cent stake in Britain’s fourth largest shopping centre Bluewater for £656m after a heated battle for the site. The acquisition is a coup for property giant, which has been selling several of its regional shopping centres in order to make way for acquisitions in the south east [...]