Monday, July 15, 2019

Debenhams creditors approve final element of refinancing plan

Creditors of Debenhams, the UK department store group that went into a “pre-pack” administration last month, have approved proposals that will allow the...

Superdry issues profit warning as overhaul of fashion chain begins

Superdry, the fashion label that has undergone a boardroom shake-up, with its co-founder Julian Dunkerton returning to the helm, said it had taken...

Morrisons seeks tie-ups to boost online service

Supermarket chain Wm Morrison is considering expanding its relationship with Amazon and striking new partnerships with groups such as Uber Eats as it...

Rihanna launches upmarket fashion label with LVMH group

Pop star Rihanna is launching an upmarket fashion label with the world’s biggest luxury group, LVMH, as the singer attempts to build her...

Hamleys sold to Indian partner in £70m deal

The famous London toy retailer Hamleys has been sold to its Indian business partner, Reliance Industries, in a deal worth nearly £70m. Founded in...

Debenhams wins green light for restructuring plan

Debenhams has won emphatic approval from its creditors for its rescue restructure plan, that will close at least 22 stores and force through...

Holland & Barrett to stop selling wet wipes in fight against fatbergs

Holland & Barrett is to become the first UK high street retailer to stop selling wet wipes, in a drive to reduce the...

Unreal Madrid: fans deflated after Zavvi Champions League blunder

Online retailer Zavvi has been forced to apologise after wrongly telling customers they had won a VIP trip to the Champions League football...

A vegetarian has a beef with Tesco’s labelling

I am a 55-year-old man who has eaten no meat or meat products for six years (for welfare reasons) until recently. During this...

Hamleys toy chain snapped up by Asia’s richest man

Iconic British toy retailer Hamleys has been sold to Indian billionaire Mukesh Ambani for £68m, marking the third time it has changed ownership...

House of Fraser: up to seven stores to become luxury mini-chain

Mike Ashley is preparing to invest millions of pounds in turning up to seven House of Fraser’s 50-plus stores into a new luxury...

Monsoon founder seeks CVA to avoid fashion chain's collapse

The founder of the fashion chain Monsoon Accessorize is ready to inject £34m into the struggling company in an effort to convince landlords...

Philip Green no longer a billionaire after fortune halves in a year

Philip Green is no longer a billionaire after the Topshop tycoon’s fortune halved over the past year, according to the Sunday Times rich...

Primark inches towards first online trial

Primark, the value-focused fashion retailer owned by Associated British Foods, is considering click-and-collect services in what would be its first tentative foray into...

High street landlords face ‘tsunami’ of pressures

Britain’s high street landlords will be swamped with a “tsunami” of pressures as struggling retailers are forced into bankruptcy and the market is...

DIY superstores struggle to make good in digital age

Big-box retailers trial new concepts as more consumers turn to tradesmen READ SOURCE

Business leaders to call for review of 'broken' rate system

The president of the CBI is to call for an independent review of an “uneconomical, unsustainable and unintelligible” business rate regime that is...

Business leaders to call for review of 'broken' rate system

The president of the CBI is to call for an independent review of an “uneconomical, unsustainable and unintelligible” business rate regime that is...

Debenhams set to clash with Sports Direct group

Debenhams is set for another clash with Mike Ashley’s Sports Direct group at a meeting to approve a plan for at least 22...

Who wants to be a landlord to Mike Ashley or Philip Green?

When it takes eight months to appoint a new chief executive, but the eventual choice is the long-serving finance director, what does it...

Richer Sounds founder hands over control of hi-fi and TV firm to staff

The founder of Richer Sounds is handing control of the hi-fi and TV retail chain to staff, in a move that will also...

Landlords rebel over House of Fraser rescue plan

The property industry has been grumbling about House of Fraser’s company voluntary arrangement since it was first mooted in early May. Now it...

Monsoon Accessorize poised to close stores

Fashion chain Monsoon Accessorize is the latest British high street retailer to seek a company voluntary arrangement as it aims to cut costs...

UK store closures set to top 1,000 as use of CVAs mounts

The crisis on the high street is set to push the number of chain-store closures above 1,000 as more retailers turn to a...

Britain’s high street malaise reaches prosperous Bournemouth

House of Fraser to follow Marks & Spencer and Next out of town Vacancy rate above the national averageRises in rent and rates...

Bon vivant Philip Green can do more to plug Arcadia’s pension hole

The 222-page document in which Sir Philip Green sets out how he would like to restructure his – or, rather, his wife’s –...

Clothing group Joules appoints retail veteran as new CEO

High-end clothes retailer Joules has named Nick Jones, a veteran of the UK retail industry, as its next chief executive.His appointment comes after...

Sainsbury and Asda to admit defeat over £7bn tie-up

J Sainsbury and Asda are “very unlikely” to appeal against the verdict of the UK competition regulator on their proposed merger, according to...

No-deal Brexit: UK firms 'praying' for article 50 extension, says KPMG

British firms are “praying for an extension to article 50” rather than face a no-deal Brexit as it emerged that foreign investment has...
Business Consultancy

5 Reasons That Business Consultancy Is Essential For Startups

The biggest challenge for startups is survival, considering the limited resources it has. Later, once it has established itself,...