Fat Face eyes hunt for new buyer after recruiting bankers May 22, 2022 Clothing and accessories retailer FatFace has recruited bankers to mull a sale of the company, it has been reported. The British retailer has hired Rothschild to explore the brand’s options, The Sunday Times reported. It comes two years after its private equity owner relinquished it to lenders after suffering unbearable debts during the pandemic. After [...]
£465m takeover of Lookers set to collapse as shareholder Cinch opposes deal July 20, 2023 The £465 million takeover of car dealership group Lookers is set to collapse after a major shareholder said it planned to block the move. Last month, the board of Lookers said it had agreed the sale of the company to Global Auto Holdings, an entity linked to privately owned Canadian car dealer network Alpha Auto [...]
Asos sells Topshop and Topman into new joint venture with Heartland September 5, 2024 Online clothing retailer Asos has launched a joint venture with Heartland, whereby Heartland will buy the Topshop and Topman brands from the firm. Asos bought the two brands, along with Topman, Miss Selfridge and HIIT, in 2021 from Philip Green’s collapsed Arcadia group for £265m (excluding stock). The joint venture will grant Asos “certain design [...]
Columbia Threadneedle property trust bought out for £673m despite management complaints September 4, 2024 Columbia Threadneedle-run Balanced Commercial Property Trust has reached a deal to be sold for £673.5m, despite objections from its investment manager. The trust has been managed by Columbia Threadneedle since it was created in 2005, and began a strategic review this April after shareholders told it there was “need for change from the status quo”. [...]
Business rates from the 16th century are ruining the high-street and an online sales tax isn’t enough February 23, 2021 The pandemic is in many ways not a break from the past but a rapid accelerator, and nowhere has the world sped up as much as in our shopping habits. In the last year, more retail sales shifted onto the internet than had done so in the previous decade. UK consumers spent £24 in every [...]
Bowling and gyms the surprise winner as Brits look for affordable fun in sporting summer August 14, 2024 The cost-of-living crisis may have started to tail off slightly, but it hasn’t gone away completely, as Brits chose affordable attractions during the summer. Amusement parks, aquariums and gyms topped the list of activities as school break got into full swing during a bumper summer for sport, according to data from Revolut, which tracked the [...]
Made.com begins talks with suitors over sale as cash injection of £70m needed October 4, 2022 Made has said it has started talking to a number of potential suitors about a sale of the furniture retailer. After previously declaring the beleaguered online retailer would be looking to sell itself to shore up funding to clinch its survival, Made.com said it had now entered into non-disclosure agreements with various parties. The potential [...]
Coats Group blames ‘widespread destocking’ for flat earnings but benefits from pension scheme changes March 7, 2024 Threads business Coats Group posted a flat set of earnings for the full year, against a backdrop of a “widespread industry destocking”.
Uncool Britannia: What is going wrong at Dr Martens, Burberry and Mulberry? May 30, 2024 Thursday proved to be another challenging day for British heritage brands, with Dr Martens revealing a plummet in annual profits largely due to dwindling demand from US shoppers.
From the Paris Olympics to Royal Ascot: How catering giant Sodexo Live became the invisible force behind Europe’s biggest events August 12, 2024 From the Paris Olympics and the Rugby World Cup to Royal Ascot, Sodexo Live has become the invisible force keeping plates loaded and champagne glasses topped up at Europe’s biggest events. In 2023 the Paris-headquartered catering giant‘s events division, Sodexo Live, served more than 11m guests in the UK alone, employing around 1,700 people across [...]