What the other papers say this morning – 28 February 2014 February 27, 2014 FINANCIAL TIMES Investors disappointed in AO float Hundreds of institutions that tried to buy into the float of online retailer AO World have been left disappointed, after 85 per cent of the new issue was awarded to just 15 investors. One-third of the 300 institutions that applied for shares in the float received no allocation [...]
Green takes a bigger bite out of Big Apple with Fifth Avenue store February 5, 2014 SIR PHILIP GREEN is stepping up his expansion plans for Topshop in the US after announcing plans yesterday to open five new shops, including a flagship store on New York’s Fifth Avenue. The 40,000 square feet store on the world’s second most expensive street will open in the Autumn next to the Rockefeller Center and [...]
What the other papers say this morning – 31 March 2014 March 31, 2014 FINANCIAL TIMES SocGen accused over Libya deals The Libyan Investment Authority has accused Société Générale of helping to funnel bribes worth tens of millions of dollars to close associates of Saif al-Islam, the son of former Libyan leader Muammer Gaddafi. The claim was made in a $1.5bn lawsuit filed against the French bank in London’s [...]
Topshop to launch 28 shops in US to kick off 150-store growth September 22, 2013 ARCADIA GROUP plans to open 28 Topshop stores in the US in the next month as part of a global expansion plan for 150 new franchise stores around the world over the next year. Owner Sir Philip Green said he had agreed to expand Topshop and Topman’s tie-up with US department store Nordstrom from 14 [...]
US regulator’s enforcement boss steps down after just three years October 1, 2013 PROMINENT American regulator David Meister, who was closely involved in the crackdowns on Libor manipulation, resigned yesterday citing personal reasons. Meister had been director of enforcement for the Commodity Futures Trading Commission (CFTC), which has taken on a beefed-up role in financial regulation. He had been at the organisation for three years. CFTC chairman Gary [...]
Rihanna wins ruling against Topshop in t-shirt battle July 31, 2013 Popstar Rihanna has won her case against Topshop owner Arcadia for using an image of her on a range of tops in 2011 and 2012 without her permission. Rihanna said that the fashion store was attempting to pass off the t-shirts as officially approved by the singer, a claim which Topshop disputed. Mr Justice Birss: [...]
Rothschild to advise on Poundland’s flotation November 4, 2013 BUDGET retailer Poundland has lined up Rothschild to advise on its upcoming public offering, which is expected to value the firm at more than £700m. The investment bank, which declined to comment on the issue, is expected to bring in other advisers to work on the flotation in the next few weeks. Poundland – which [...]
Kingfisher cuts back on space to save on costs September 11, 2013 B&Q OWNER Kingfisher said yesterday it is to scale back or exit 18 of its stores across the UK as the DIY retailer looks for ways to ease its lease burden and boost profitability. Several retailers, including Topshop owner Arcadia, have been shedding stores as leases come up for renewal to reflect changes in [...]
Topshop gets shirty over loss of Rihanna case July 31, 2013 POPSTAR Rihanna yesterday came out tops in her High Court legal battle against Arcadia – the owner of high street retailer Topshop. The case was brought by RiRi – who used her real name Robyn Rihanna Fenty – because of an image of the star that Topshop used on its Rihanna tank t-shirt, which was [...]
Sir Stuart Rose takes the hot seat at Ocado January 22, 2013 SIR STUART Rose, the former boss of Marks & Spencer, is to become chairman of Ocado, in a major coup for the online retailer. The company said Sir Stuart is to replace Sir Michael Grade after its annual general meeting in May. Grade, best known for his roles at ITV and Channel Four, will be [...]