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Retail business and financial news, including acquisitions, trading updates, regulation and deals affecting retailers and their suppliers.

Deliveroo doubles orders despite lifting of lockdown

Takeaway logistics company Deliveroo doubled the number of orders it received through its app in the first six months of the year. The business said...

Watches of Switzerland enjoys boost from households’ savings

Wealthy households unable to spend the cash they saved during the pandemic on expensive meals and overseas holidays have been snapping up posh watches...

Takeover battle for Morrisons extended as CD&R eyes higher bid

Takeover regulators have extended the battle for supermarket Morrisons by a further two weeks, giving a US suitor more time to make a bid. Clayton,...

Consortium increases Morrisons takeover bid to £6.7bn

The private equity-backed consortium vying to buy Morrisons has increased its bid for the supermarket chain to £6.7 billion amid speculation of a rival...

Hammerson bosses to transform empty retail space into hotels, offices and homes

The new boss of Birmingham Bullring landlord Hammerson has laid out a new growth strategy which will see the group seek more opportunities away...

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...

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