All Banking & financing articles – Page 2
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NewsAsos in 'final stages' of agreeing new financial covenants to avert cash-flow crisis
Pureplay fashion retailer Asos is in the “final stages” of agreeing new financial covenants in its revolving credit facility, following media speculation that one of its major insurers had cut cover.
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NewsTHG and Softbank scrap $1.6bn investment deal
A call option agreement for a division of Japanese investment titan Softbank to acquire a $1.6bn (£1.3bn) stake in THG’s Ingenuity division has been terminated.
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NewsAO launches £40m share placing after insurer cuts cover
Pureplay electricals giant AO is aiming to raise £40m through a share placing weeks after its credit insurance for suppliers was cut.
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NewsGousto wins new investment valuing it at almost $2bn
Recipe box specialist Gousto has raised $150m (£111m) to finance expansion in the developing direct-to-consumer market.
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NewsGymshark eyes potential IPO as valuation soars
Gymshark founder Ben Francis and the brand’s private equity backers have started talks with banks and investors in advance of a potential IPO.
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AnalysisRetail’s shapeshifters: Delighting customers by extending the brand experience
Retailers and brands that offer an immersive experience, and do it well, are what we refer to in this whitepaper as Retail Shapeshifters.
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NewsAdidas sells Reebok to Authentic Brands Group for $2.5bn
Adidas will sell the Reebok brand to American brand development, marketing and entertainment company Authentic Brands Group (ABG) following a decision earlier this year to focus on its core brand.
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NewsTesco Bank to close all customer current accounts later in the year
Tesco Bank is closing all of its customer current accounts from the end of November and will write to those affected in the next two weeks to advise them on what to do.
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AnalysisAnalysis: How rising inflation will affect retailers over the next six months
The Bank of England has forecast that inflation will climb as high as 3% by the end of 2021. Retail Week looks at what that means for customers and for retailers
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NewsOnline marketplace OnBuy sets sights on growth as it raises £35m in funding
The UK-based online marketplace OnBuy has raised £35m in series A funding through a combination of venture capital and strategic technology investors.
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AnalysisAnalysis: Sustainable financing on the rise as retailers think green
More retailers than ever are putting money where their mouth is and linking environmental, sustainable and governance (ESG) targets to future financing.
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NewsGetir triples valuation after latest $550m fundraising round
Turkish on demand delivery startup Getir has raised $550m in its latest fundraising round and tripled its valuation to $7.5bn as it reportedly eyes a stock market listing.
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NewsAsos to raise £500m to bolster expansion war chest
Asos has launched a bid to raise £500m to spearhead its global expansion drive.
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AnalysisAnalysis: Retail’s wishlist for the chancellor ahead of the Budget
Following a year of unprecedented financial pain brought on by the coronavirus pandemic, retailers lay out what they would like to see in Wednesday’s Budget.
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NewsBoots first-quarter profits slide despite online sales surge
Boots has reported a further decline in its quarterly profits and sales, despite its online sales more than doubling year on year.
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Retail VoiceRetailers have to react to a shift in consumer thinking – it’s essential
The list of products and services that consumers consider ‘essential’ is growing quickly. And with new restrictions limiting many people’s movements, spend on home-related goods, such as kitchen installation and electrical equipment, is on the rise, writes Costa Stathis, head of business propositions at Barclays Partner Finance.
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NewsGreen family set to pay £50m into Arcadia pension pot within next 10 days
Sir Philip Green’s family is set to pay £50m into his crumbling fashion group’s pension pot in the next 10 days, as the business secretary called on the watchdog to investigate.
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Retail VoiceWhy consumer finance should be top of retailers’ shopping lists
While retailers adapt to the ‘new normal’, it’s important to remember that consumers are having to adapt as well. Financial stability is front of mind for many – something retailers must take heed of, writes Owain Jones, head of strategy and insight at Barclays Partner Finance.
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Opinion‘There has been a hardening of bank attitudes to the retail industry’
With the government loan schemes due to close at the end of November, it is important that businesses seeking to borrow funds to cover trading impacts from the pandemic get their applications submitted quickly – within the next week, ideally.
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Opinion‘John Lewis’ non-retail ambitions rely on restoring retail success’
One of the most striking aspects of today’s strategy update from the John Lewis Partnership was the extent to which the retailer is staking its future on what strategy director Nina Bhatia termed “non-retail”.