Admiral Acquisition becomes latest firm to exit London Stock Exchange after £1.48bn deal May 22, 2024 Admiral Acquisition has become the latest company to announce it will leave the London Stock Exchange for New York, after buying US engineering business Acuren for $1.85bn (£1.48).
Listed company TClarke behind Theatreland’s stage lights to go private April 17, 2024 TClarke, the London-headquartered firm which powered the world’s first electrically lit building - the Savoy Theatre - is to head into private hands.
US licensing partner joins race to buy up remaining assets of embattled Ted Baker April 10, 2024 Ted Baker’s American licensing partner is reportedly the lead contender to take control of the businesses embattled British arm.
Wet weather puts a dampener on footfall recovery in March April 5, 2024 The Easter bank holiday weekend was not enough to help significantly drive footfall in March, as wet British weather put another dampener on high street recovery.
January sales fail to impress shoppers as London footfall disappoints February 2, 2024 January was another disappointing month for London retailers as shoppers steered clear of the high street. A new report by the British Retail Consortium (BRC) showed footfall across the capital declined by 1.7 per cent at the start of the month. This has widened from a fall of 1.4 per cent recorded in December. With [...]
Superdry finance chief quits after 16 months October 16, 2020 Superdry has announced that its chief financial officer has stepped down after just 16 months in the role. The fashion brand’s share price dropped more than four per cent this morning after it announced that Nick Gresham had left the company with immediate effect. Superdry, which said Gresham had decided to leave the firm, has [...]
Superdry pins hopes on Black Friday sales during lockdown November 5, 2020 Superdry is cutting prices and targeting strong online Black Friday sales while its stores are closed during the coronavirus lockdown in England. The fashion retailer, which today reported that total revenue declined 23.3 per cent in the first half of the year, said it is focused on boosting ecommerce sales on Black Friday. It has [...]
Ted Baker: 245 jobs and 15 stores including London Bridge slashed by administrators April 8, 2024 Over 200 jobs and 15 Ted Baker stores have been terminated as part of its administrative process, in another blow to high street.
Retail apocalypse: More than 2,000 stores went bust as UK high streets suffer April 8, 2024 Over 2,000 retailers have gone bust in the last year, a new report has found, delivering another blow to the UK’s struggling retail sector.
Superdry loss widens as pandemic hits turnaround plan September 21, 2020 Superdry today reported deepening losses for the full year as the outbreak of coronavirus took its toll on the fashion chain’s turnaround strategy. The figures Superdry posted revenue of £704.4m in the 52 weeks to 25 April, down 19.2 per cent. Statutory loss before tax widened from £89.3m to £166.9m. Net cash ticked up 2.2 [...]