London misses rates ballot December 14, 2010 RETAILERS across the UK will be balloted on whether they want to pay extra on their business rates to help bankroll local projects – but London has missed out because a rate has already been imposed. The government – under pressure from the British Retail Consortium (BRC) – has made it a legal requirement for rate-setting local [...]
Lion Capital buys retailer All Saints May 5, 2011 HIGH street fashion retailer All Saints has been rescued by a private equity led consortium, following months of talks to secure a new backer. British investment firm Lion Capital, which also owns the La Senza lingerie brand, has teamed up with US private equity house Goode Partners to buy the retailer. The deal, which values [...]
Lion Capital buys retailer All Saints May 5, 2011 HIGH street fashion retailer All Saints has been rescued by a private equity led consortium, following months of talks to secure a new backer. British investment firm Lion Capital, which also owns the La Senza lingerie brand, has teamed up with US private equity house Goode Partners to buy the retailer. The deal, which values [...]
Retailers look for Christmas sales lift December 6, 2010 CONSUMER spending showed another month of modest growth in November, according to data released today. Yet shop vacancies have risen compared with last year as the high street cuts back on costs. Prospects for Christmas sales remain “delicately poised” following the early winter freeze, said the British Retail Consortium (BRC), which conducted the survey with [...]
WHAT THE OTHER PAPERS SAY THIS MORNING February 2, 2011 FINANCIAL TIMES LLOYDS DROPS MORTGAGE BROKERS OVER SUSPECTED FRAUD Concerns over suspected fraud have prompted Lloyds Banking Group to cull the list of brokers it allows to sell its mortgages. The UK’s largest mortgage lender has removed some 900 individuals over the past four years from its “approved panel” of brokers, including 300 in the [...]
WHAT THE OTHER PAPERS SAY THIS MORNING February 2, 2011 FINANCIAL TIMES LLOYDS DROPS MORTGAGE BROKERS OVER SUSPECTED FRAUD Concerns over suspected fraud have prompted Lloyds Banking Group to cull the list of brokers it allows to sell its mortgages. The UK’s largest mortgage lender has removed some 900 individuals over the past four years from its “approved panel” of brokers, including 300 in the [...]
All Saints on the verge of buyout deal April 26, 2011 FASHION chain All Saints was on the verge of being sold to US private equity house Goode Partners last night, despite an audacious eleventh hour bid by British venture capital veteran Jon Moulton, the chief executive of the firm told City A.M. “I think the deal is imminent,” said Stephen Craig. “Goode will be a [...]
Shop prices kept in check December 7, 2010 INTENSE competition between retailers in the run up to Christmas is driving down shop price inflation, new figures reveal today. Shop prices are rising at a much slower rate than overall inflation, the Shop Price Index (SPI) showed. For the first time in five months year on year shop price inflation actually fell, down to [...]
Shop prices kept in check December 7, 2010 INTENSE competition between retailers in the run up to Christmas is driving down shop price inflation, new figures reveal today. Shop prices are rising at a much slower rate than overall inflation, the Shop Price Index (SPI) showed. For the first time in five months year on year shop price inflation actually fell, down to [...]
West End sees robust October high street sales November 14, 2010 SALES at London’s West End shops remained robust during October despite the details of the government’s Comprehensive Spending Review acting to unnerve consumers. According to lobby group the New West End Company, which is backed by major retailers and property owners in Bond Street, Oxford Street and Regent Street, West End sales rose 7.7 per [...]