£7bn spent by UK consumers with local independent businesses in 2020
UK consumers spent over an estimated £7.2bn supporting local independent business in 2020, new data from Tyl by NatWest reveals.
The survey, which explored consumers’ pandemic purchasing...
Boohoo buys Dorothy Perkins, Wallis and Burton
Online fashion retailer Boohoo has bought Dorothy Perkins, Wallis and Burtons for £25.2million. Around 260 jobs, mainly head office roles, will be saved as...
New Pay As You Grow facility will enable more flexible repayments on Bounce Back...
The British Business Bank, the UK’s economic development bank, today announces further details of Pay As You Grow, which helps UK smaller businesses that...
Asos buys Topshop, Topman, Miss Selfridge and HIIT brands
ASOS has announced it is paying a total of £330m for the Topshop, Topman, Miss Selfridge and HIIT brands, plus stock following the collapse...
UK contactless limit could be raised to £100
The upper limit on contactless payments could be increased to £100. You can currently touch and pay with Contactless for amounts up to £45 without...
Majority of Paperchase High Street stores could be saved
High street stationery chain Paperchase could be salvaged this week in a pre-pack rescue deal led by private equity giant Permira.
According to Sky News...
Klarna launches new campaign to celebrate consumers, support regulation and challenge the status quo
Klarna UK has launched a campaign, championing consumers who are managing their spending responsibly, supporting regulation and challenging common stereotypes.
With a series of eye-catching...
Asos moves for TopShop, Topman and Miss Selfridge
Online fashion retailer Asos is in 'exclusive' talks to buy a number of the UK’s best-known high street brands including Topshop, Topman and Miss...
Boohoo buys Debenhams brand for £55m but all physical locations to close
Fashion retailer Boohoo Group has paid £55m to acquire the brand of Debenhams - the deal includes the brand name, in-house brands, intellectual property...
Discounted deals increase by 16% across the retail sector in 2020, as lockdown pushes...
Figures from deal sharing website, hotukdeals, have revealed that discounts, offers and sales rose by 16% in 2020, as lockdown restrictions pushed retailers to...