All City & finance articles – Page 52
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NewsNext elbows out Foschini with last-minute swoop on Joules alongside founder
Fashion powerhouse Next has teamed up with Joules founder Tom Joule to buy the retailer, fending off competition for control from Phase Eight owner Foschini.
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NewsPhase Eight owner poised to snap up Joules
Foschini, the owner of fashion retailers Phase Eight, Hobbs and Whistles, is close to buying bust counterpart Joules from administrators.
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NewsHotel Chocolat pins hopes on stores in tough trading conditions
Hotel Chocolat bosses hope the resurgence of stores will help it navigate tough conditions following a year of restructuring.
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NewsH&M to cut 1,500 jobs amid tough retail conditions
Fashion giant H&M is to axe 1,500 roles as it seeks efficiencies and consumers watch their spending as the cost-of-living crisis bites.
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NewsMulberry swings to loss in face of increased costs
Global handbag and accessories retailer Mulberry has swung to a loss as it grapples with factors such as the end of government Covid-19 support and the cost-of-living crisis.
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NewsSuperdry confirms £70m refinancing loan talks
Superdry has confirmed it is in talks to borrow up to £70m from Bantry Bay Capital.
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NewsBoohoo more than doubles Revolution Beauty stake to become largest shareholder
Boohoo has more than doubled its stake in embattled cosmetics specialist Revolution Beauty to become its biggest shareholder.
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NewsSuperdry closes in on refinancing deal with Elliott Advisors
Superdry is close to striking a refinancing deal with the UK arm of activist investor Elliott Advisors.
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NewsMade.com: Unsecured creditors and suppliers to get just 2% of £187m owed
Hundreds of unsecured creditors to Made.com will receive less than 2% of the £187m owed to them by the collapsed homewares business.
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NewsDr Martens profits slip despite sales gains
Dr Martens has suffered a decline in profits despite delivering double-digit sales growth, as it ramps up investment in new stores, marketing and people.
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NewsKingfisher inches down profit guidance amid rising wages and energy bills
Kingfisher has shaved £10m from the upper end of its profit guidance in the face of rising wages and energy bills.
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NewsHalfords hails resilient performance despite profit slump
Halfords boss Graham Stapleton has hailed his business’ resilience in the face of the cost-of-living crisis, despite underlying profit falling in the first half.
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NewsPets at Home profits fall due to increased costs of energy and freight
Pets at Home has blamed rising energy and freight costs for a slump in profit before tax, but has not changed its full-year guidance as customer levels remain strong.
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NewsJoules makes senior team redundancies following administration
Embattled fashion brand Joules has made several senior directors redundant, just a week after it collapsed into administration.
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NewsAO hails ‘solid’ progress despite widening losses
AO has hailed “solid progress” in its plan to focus on profitability over growth, despite suffering widening half-year losses.
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OpinionGraham Bell: ‘Retailers have as big a role as government in tackling cost-of-living crisis’
Retailers are undoubtedly operating in an ongoing challenging environment, with consumers facing the challenges of the increased cost of living against the backdrop of a looming recession.
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NewsIceland founder Sir Malcolm Walker rebuffs takeover interest
Walker has seen “frequent approaches” for the chain and opportunistic investors buying its debt at a discounted rate
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NewsWilko in talks to secure £30m emergency loan
Wilko is on the hunt for a £30m cash injection as crippling cost pressures intensify in the run-up to Christmas.
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NewsTesco offers staff pay advances to help with cost-of-living crisis
Supermarket giant Tesco is offering staff advances in their pay to help them navigate key debt deadlines amid the ongoing cost-of-living crisis.
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NewsJoules collapses into administration putting 1,600 jobs at risk
Fashion retailer Joules has collapsed into administration just days after talks over financing broke down putting 1,600 jobs at risk.