All City & finance articles – Page 44
-
NewsNatura to focus on The Body Shop as it sells Aesop
Cosmetics giant Natura &Co is to focus on building The Body Shop after selling luxury brand Aesop.
-
NewsJohn Lewis new CEO tells staff they must change business model ‘at pace’
New John Lewis Partnership chief executive Nish Kankiwala has told staff that the business model will have to be reformed “at pace”.
-
NewsAsda profits plummet as inflation costs and investing in prices hit bottom line
Supermarket giant Asda has reported plummeting profits as spiralling costs and investing in keeping prices lower for customers hammered its bottom line.
-
NewsBoots sales increase 16% as it wins market share in beauty
Boots posted a 16% year-on-year increase in sales in the three months to February 2023, driven by a “record-breaking” beauty performance.
-
NewsUpdated: Next bolsters brand portfolio with swoop on Cath Kidston
Fashion giant Next has added to its stable of brands with the acquisition of Cath Kidston for £8.5m.
-
NewsJohn Lewis boss White speaks out on stake sale speculation
John Lewis Partnership chair Dame Sharon White has said she will always act “in the best interest of the partnership”.
-
NewsWickes posts profit fall despite achieving ‘record sales’
Wickes has posted a drop in profits for the full financial year despite achieving “record sales”, which it attributes to its “market-leading value proposition”.
-
NewsSuperdry sells Asia-Pacific IP for $50m in growth push
Superdry has sold its Asia-Pacific intellectual property assets with the hopes of expanding its global reach while generating much-needed cash.
-
NewsNike on the front foot with strong sales across international markets
Nike recorded a rise in sales during its third-quarter trading period across the US and international markets supported by its “brand distinction and strong execution”.
-
Opinion‘A stake sale would risk turning John Lewis into AN Other retailer’
Annual losses of £234m, no staff bonus, the spectre of more job losses looming – no wonder the John Lewis Partnership is considering whether its traditional way of doing things needs to change.
-
NewsDeliveroo on ‘path to profitability’ as losses narrow
Deliveroo made a nearly £300m loss last year but remains adamant that it is making “excellent progress on the path to profitability”.
-
AnalysisAfter ‘inflation hurricane’ hits, cost cutting is king at John Lewis
“Inflation has hit us like a hurricane” was the stark verdict from John Lewis Partnership chair Dame Sharon White as the retail institution slid to a £234m pre-tax loss.
-
NewsLush complains to FCA about ex-boss over shares transfer
Lush has complained to the Financial Conduct Authority (FCA) about former chief executive Andrew Gerri and his investment firm Silverwood Brands over a transfer of shares.
-
NewsJohn Lewis Partnership axes bonus and warns of job cuts as it swings to loss
John Lewis Partnership will not pay a bonus this year and has warned of job cuts within the group.
-
NewsDFS warns on profits despite reaching ‘record market share’
Furniture specialist DFS has warned that its full-year profits will be at the lower end of its previous guidance, despite achieving “record market share” and higher average order values.
-
NewsDune hires KPMG to find new investors for ‘exciting growth opportunities’
Dune founder and chair Daniel Rubin is on the hunt for new investors for the footwear retailer and has appointed KPMG to run the process.
-
NewsM&S boss calls on government to slash red tape in Budget
Marks & Spencer chief executive Stuart Machin has called on the government to conduct a strategic review of legislation and its implementation to alleviate the burden on retailers.
-
NewsAsda’s Issa brothers launch £8.6bn property review as it seeks to cut debt
Asda owners the Issa brothers have launched a review of its £8.6bn property estate as they seek to bring down debt levels.
-
NewsRetailers reassure on financing following Silicon Valley Bank collapse
Retailers have reassured investors that operations and trading will be unaffected by the crisis at Silicon Valley Bank’s UK arm.
-
NewsSuperdry hires advisers to cut costs after tough trading periods
Superdry’s founder and chief executive Julian Dunkerton has hired Interpath Advisory to help aid cost-cutting plans following a prolonged period of tough trading and profit warnings.