Mike Ashley confirms plan to step down as boss of Sports Direct’s parent company
Frasers Group has confirmed that it is planning a leadership reshuffle that would see founder Mike Ashley step away from his role as the...
John Lewis hands £5k pay raise to lorry drivers amid national shortage
The John Lewis Partnership has said it will raise its lorry driver salaries by £5,000 as the industry continues to face damaging worker shortages.
The...
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...
Mike Ashley ‘set to step down’ as boss of Sports Direct’s parent company
Sports Direct founder Mike Ashley is set to step down from leading his retail empire and hand the reins to his prospective son-in-law, according...
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...
Travis Perkins ups guidance despite soaring costs
Travis Perkins hiked its profit forecast on Tuesday despite a major rise in costs in the past three months.
The business said that it believes...
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...