Retail app Octer quickly raising major second round of crowdfunding May 17, 2015 Mobile shopping app Octer has returned to the equity-based crowdfunding platform Seedrs, to raise a second round of funding. It is aiming to bring in a total of £700,000, in exchange for 7.48 per cent equity, giving a total valuation of £8.6m. The valuation has been agreed by key investors, and Octer’s principal investors have [...]
Apple Pay in the UK: These are the retailers and restaurants signed up for the July launch June 9, 2015 Some of the UK's biggest retailers are lining up to start accepting Apple Pay when it launches in the UK next month. As well as being able to use your iPhone or Apple Watch to seamlessly glide through ticket barriers on the Tube, the Silicon Valley giant has its finger hovering over the button [...]
Arcadia strikes deal to launch Topshop and Miss Selfridge in mainland China August 13, 2014 Sir Philip Green's high street retailers Topshop and Miss Selfridge will debut in China next month through a deal with local online partner ShangPin.com. The deal between Green's Arcadia Group and online department store ShangPain will take the two retailers to consumers in 400 cities across the country. This is the first time [...]
London fashion Week draws in the crowds February 23, 2015 LONDON’S fashion elite were out in force this weekend after London fashion week kicked off on Friday, with shows from Topshop Unique and Emilia Wickstead, a favourite of the Duchess of Cambridge, boasting star-studded front rows. The UK’s two biggest listed fashion brands will showcase their autumn/winter collection today, with Burberry hosting its catwalk show [...]
Bye-bye BHS? Sir Philip Green poised for Arcadia break up with sell off deal March 8, 2015 Sir Philip Green is poised to agree a deal that would break up his Arcadia retail empire. The tycoon is about to wrap up a deal to sell off troubled high street department store chain BHS according to several reports. It was revealed at the beginning of the year that Green, who bought up BHS [...]
BHS sale spells break-up of Philip Green’s empire January 26, 2015 SIR PHILIP Green is looking to sell a chunk of the vast retail empire he has built up over the last 15 years after receiving several takeover approaches for the struggling department store group BHS. Green bought the chain – then known as British Home Stores – for £200m in 2000 from retail conglomerate Storehouse, [...]
#HeartsOfLondon Mapped: These loved-up cycle racks are popping up all over London February 9, 2015 Either love is in the air for London's cyclists, or someone's just feeling a bit moony about bike security. Some 14 bright red love heart-shaped bike racks have popped up at locations across the capital in the spots where the ordinary black hoop-style ones usually are. The hearts – which have turned up just in [...]
Retailers shop for more space at Hammerson February 16, 2015 PROFITS at shopping centre landlord Hammerson have more than doubled after a “standout year” driven by the economic recovery and a return in consumer spending. The owner of Brent Cross in London and the Bullring in Birmingham said profits more than doubled to £703.1m in 2014 from £341.2m a year earlier. This was driven by [...]
Sir Philip Green shrugs off profit slide at Arcadia November 25, 2014 SIR PHILIP Green shrugged off Arcadia’s decline in full-year profits yesterday, insisting his retail empire was adapting to the “fast-changing” demands of the retail industry. The company behind Topman, Miss Selfridge, Dorothy Perkins, Burton and Wallis as well as Topshop, posted a 3.4 per cent drop in pre-tax profits to £143.1m in the year to [...]
Sir Philip Green breaks apart his Arcadia empire with the sale of BHS January 25, 2015 Retail tycoon Sir Philip Green has decided to break apart one of Britain's biggest retail empires by selling British Home Stores (BHS). Green purchased the business, which sells mostly clothing and household items, from the Storehouse conglomerate in 2000 for £200m. It now has a significant presence on high streets across the UK, with [...]