Summer sales data to reveal retail outlook September 6, 2009 RETAILERS are set to provide fresh evidence of consumer confidence this week in a series of market updates. In a bid to revive the ailing retail sector the West End is launching High Street Fashion Week today in an effort to attract a predicted 2.4m shoppers to Oxford Street. ABF Foods, Primark’s owner, will today [...]
Summer sales data to reveal retail outlook September 6, 2009 RETAILERS are set to provide fresh evidence of consumer confidence this week in a series of market updates. In a bid to revive the ailing retail sector the West End is launching High Street Fashion Week today in an effort to attract a predicted 2.4m shoppers to Oxford Street. ABF Foods, Primark’s owner, will today [...]
House of Fraser denies sell off June 16, 2009 House of Fraser yesterday moved to quash market rumours that it was considering selling its stores and said it was trading ahead of expectations, with sales growing in the last 12 weeks. The group said it had no plans to sell any of its 62 stores and had sufficient capital “to meet all its obligations [...]
Penguin chops 100 UK staff July 7, 2009 CONSUMER book publisher Penguin yesterday confirmed that it will axe up to 100 jobs in its London offices as it implements a series of changes designed to position the company for the digital era. The Pearson-owned publisher has entered into a period of consultation with employees regarding the dismissal of around 10 per cent of its [...]
Penguin chops 100 UK staff July 7, 2009 CONSUMER book publisher Penguin yesterday confirmed that it will axe up to 100 jobs in its London offices as it implements a series of changes designed to position the company for the digital era. The Pearson-owned publisher has entered into a period of consultation with employees regarding the dismissal of around 10 per cent of its [...]
Henderson Global names new head of 150m property fund May 26, 2009 HENDERSON Global Investors has named Cameron Fraser as head of its £150m institutional UK property fund, replacing Ludo MacKenzie who is jumping ship to become a partner at rival property fund Melford Capital Partners. Fraser is joining from CBRE Investors, where he was manager of the Unilever account and oversaw the growth of its fund [...]
LLOYDS TO OFFLOAD CUMMINGS’ LEGACY May 25, 2009 Lloyds Banking Group has appointed UBS to advise on the potential sales of its stakes in a slew of household name companies, including David Lloyd Leisure and House of Fraser. Lloyds inherited the stakes from the Integrated Finance unit of HBOS, which was headed up by Peter Cummings (above). but their value has since plummeted.
Debenhams in call June 4, 2009 High street retailer Debenhams yesterday announced plans for a £323m fundraising to fulfill chief executive Rob Templeman’s plan to take its debt “off the agenda.” Debenham’s £900m debt mountain has cast a long shadow over the group’s trading ever since private equity firms Texas Pacific Group and CVC Capital Partners floated the business on the [...]
Debenhams raising flops June 23, 2009 HIGHSTREET retailer Debenhams yesterday said its shareholders had taken up just a third of its share offering in a £323m fundraising. The department store chain launched the cash call earlier this month to achieve chief executive Rob Templeman’s aim of taking its £900m debt mountain “off the agenda”. Britain’s second largest high-street retailer said 73,388,851 [...]
Debenhams raising flops June 23, 2009 HIGHSTREET retailer Debenhams yesterday said its shareholders had taken up just a third of its share offering in a £323m fundraising. The department store chain launched the cash call earlier this month to achieve chief executive Rob Templeman’s aim of taking its £900m debt mountain “off the agenda”. Britain’s second largest high-street retailer said 73,388,851 [...]