Sweaty Betty bought by US firm Wolverine in £300m deal
Sweaty Betty, the upmarket British sportswear brand, has been snapped up by a US-based company for around £300 million.
The brand, which is known for...
The Hut Group to snap up Cult Beauty in £275m deal
Ecommerce firm The Hut Group (THG) has sealed a £275 million deal to buy online-only beauty retailer Cult Beauty.
It said the acquisition will boost...
Joules swings to profit thanks to online sales boost
Fashion chain Joules has returned to annual profit as it rode out the lockdown disruption thanks to surging online sales.
The Leicestershire-based group – famous...
Sales rebound at New Look after restructuring
New Look has said that larger shopping sprees have offset lower footfall as the fashion retailer seeks to recover from a difficult year amid...
Greggs targets 100 store openings this year as it returns to profit
Greggs has said it plans to open around 100 new stores by the end of the year after a rebound in sales helped return...
Mike Ashley’s Frasers Group set for ‘upbeat’ update after reopening stores
Sports Direct owner Frasers Group is expected to unveil an “upbeat” trading update amid hopes its sales will have rebounded strongly after the reopening...
Lingerie chain Victoria’s Secret UK goes into liquidation
Victoria’s Secret UK has moved out of administration and into liquidation. The UK arm of the lingerie retailer went into administration last year.
A spokesman...
Pets at Home sales surge but cost pressures remain
Pets at Home continues to benefit from the huge boom in pet ownership during the Covid-19 pandemic with bosses predicting profits will be up...
UK retail sales strong in July but stock levels slide
UK retailers have reported another strong month of sales growth but saw stock levels slump to a new record low, according to fresh data.
The...
Selfridges in search for buyer as billionaire owners launch auction
Selfridges’ billionaire owners, the Weston family, have launched a formal auction to sell the historic department store business.
It is understood that advisers at Credit...