House of Fraser to ‘axe brands’ in Sports Direct strategy rethink September 14, 2018 A number of House of Fraser brands are to be axed as part of a strategy rethink by new owners Sports Direct, it has been reported. Sources told fashion publication Drapers that brands such as Linea, Biba, Issa, Label Lab and Criminal Denim will removed, in line with Mike Ashley's strategy of turning the troubled department store into [...]
French Connection shares rocket as retailer looks for a buyer October 8, 2018 Shares in French Connection were up a huge 32 per cent in early morning trading on the back of news that the brand is up for sale. The clothing retailer yesterday confirmed that it is looking to sell, with founder Stephen Marks hoping to offload his 42 per cent stake. Read more: French Connection founder [...]
Sports Direct’s (SPD) shareholders gear up for revolt over Mike Ashley’s share buyback plans September 3, 2017 Sports Direct could face a shareholder revolt over its share buyback plan this week, as investors prepare to oppose the resolution at the retailer’s annual general meeting (AGM). Aberdeen Standard Investments will oppose more share buybacks on the basis that they hand too much power to Mike Ashley, chief executive and majority shareholder at Sports [...]
Will the third halving of Bitcoin be the emphatic start of a bull run for the original cryptocurrency? May 5, 2020 Price Watch The crypto market has had a significant week as the hype continues to build over the forthcoming halving and at the time of writing, Bitcoin (BTC) was trading at US$8,826.91 / GB£7,126.19; Ethereum (ETH) is at US$205.90 / GB£166.12; Ripple (XRP) is at US$0.2178 / GB£0.1751; Binance (BNB) is at US$16.95 / GB£13.69 [...]
Debenhams share price tumbles as firm mulls over rescue plan September 10, 2018 Shares in high street retailer Debenhams crashed 17 per cent this morning after it emerged the firm had brought in KPMG to advise on a number of options to save the struggling company. Debenhams has had a gruelling year, announcing three profit warnings so far alongside a raft of job cuts, causing its share price to tank [...]
Mulberry shares plummet on cost of House of Fraser collapse August 20, 2018 Shares in Mulberry plummeted as much as 30 per cent this morning as it said that the restructuring of House of Fraser could cost it around £3m. The luxury leather goods brand, which operates 21 concessions in HoF stores, said that sales in the department stores had been particularly hard-hit by challenging retail conditions in [...]
Online-only retailers outpace their bricks and mortar rivals as fresh evidence of high street troubles emerge September 26, 2018 Online-only retailers’ sales have grown 24 times faster than those of bricks and mortar firms in the last five years, according to new data which underlines the current woes facing high street shops. A report out today from data specialist GBG Loqate shows that pure-play online retailers have grown their sales by 281 per [...]
Brexit secretary Dominic Raab clashes with John Lewis as profits tumble 99 per cent September 13, 2018 Brexit secretary Dominic Raab has clashed with John Lewis after its chairman Charlie Mayfield suggested the store’s 99 per cent plunge in profits was partly due to Brexit. Profits at John Lewis plummeted to just £1.2m in the first half of this year amid what Mayfield called “challenging times” for retail. He also warned that [...]
Brexit secretary Dominic Raab clashes with John Lewis as profits tumble 99 per cent September 13, 2018 Brexit secretary Dominic Raab has clashed with John Lewis after its chairman Charlie Mayfield suggested the store’s 99 per cent plunge in profits was partly due to Brexit. Profits at John Lewis plummeted to just £1.2m in the first half of this year amid what Mayfield called “challenging times” for retail. He also warned that [...]
Iceland to take over a handful of former Poundworld stores while rescue deal falls through August 23, 2018 Iceland is to take over a handful of former Poundworld stores, but a deal to save another chunk of the chain's estate has now fallen through. The retailer closed the last of its 335 stores earlier this month, after crashing into administration in June. The Henderson family announced two weeks ago that they would take [...]