All City & finance articles – Page 83
-
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.
-
NewsTesco faces £2.5bn bill after staff win equal pay dispute
Grocery giant Tesco is facing the prospect of a £2.5bn bill after the European Court of Justice backed thousands of current and former shopfloor workers in a mammoth equal pay lawsuit.
-
AnalysisAnalysis: Etsy’s Depop deal is a big bet that retail has changed forever
News broke this week that online marketplace Etsy has bought second-hand fashion app Depop for $1.6bn, but what does the deal mean for both businesses?
-
NewsB&M profits more than double as sales climb in ‘exceptional’ year
B&M has delivered rocketing full-year profits and a surge in sales as boss Simon Arora says the retailer’s store network and value offer will hold it in good stead for strong trading post-lockdown.
-
NewsWickes hails strength of showrooms as sales exceed expectations
Wickes has reported that it expects full-year profits to be at the top end of expectations as kitchen and bathroom orders boom.
-
NewsKingfisher signs credit deal linked to sustainability targets
Kingfisher has announced a new revolving credit facility conditioned to its ambitious sustainable and community-based targets.
-
NewsDebenhams’ Magasin du Nord sold to European fashion group
Magasin du Nord, the Danish department store business formerly owned by Debenhams, has been sold for an undisclosed sum.
-
NewsDreams boss Mike Logue: ‘Tempur deal will take industry to next level’
Dreams chief executive Mike Logue said he’s looking forward to what the sale of the business to mattress specialist Tempur Sealy can bring to the table.
-
NewsPets at Home to invest £70m as it targets pet ‘baby boomers’
Pets at Home is targeting three key areas for investment as it seeks to take advantage of the new wave of pet owners.
-
NewsDreams sold to Tempur Sealy in £340m deal
Bed specialists Dreams is set to be acquired by mattress and bedding manufacturer Tempur Sealy for £340m.
-
NewsPets at Home profits rise as it eyes ‘strong momentum’ post-pandemic
Pets at Home has racked up an increase in sales and profits in what it dubbed “an extraordinary year” for the business.
-
AnalysisAnalysis: How M&S is churning its store estate for a post-pandemic world
As thoughts turn to life after Covid, or at least as the effects are mitigated, Marks & Spencer chiefs are confident that the retailer is also in better health.
-
NewsMarks & Spencer tumbles to full-year loss as it seeks to reshape business
Marks & Spencer has swung to a loss for the year, as it works to make good on the “Never the Same Again” promise.
-
NewsWilko profits tumble as sales fall in year of ‘difficult trading’
Wilko has reported a sharp fall in full year pre-tax profits and a decline in sales, citing the challenging retail landscape as the reason for “a year of modest results”, Retail Week can reveal.
-
NewsTed Baker refinances as bankers show ‘ongoing support’
Fashion retailer Ted Baker has successfully completed a refinancing with its lenders.
-
NewsMade.com presses button on £1bn IPO
Online furniture and homewares specialist Made.com aims to float on London’s main market, which could value the etailer at as much as £1bn.
-
NewsCard Factory sales ‘exceed expectations’ as it completes refinancing
Card Factory has reported strong demand following its stores reopening in April.
-
NewsNext boss Lord Wolfson set to chair Reiss
Lord Wolfson is set to be the next chair of Reiss, following Next’s purchase of a 25% stake in the retailer earlier this year.
-
NewsN Brown profits plummet after pandemic hammers sales
N Brown has reported a sharp decline in profits after sales tumbled owing to the pandemic, but the fashion and homeware retailer’s boss pointed to “early signs of progress” in its turnaround.
-
NewsWatches of Switzerland eyes new store openings after ‘strong finish’ to year
Watches of Switzerland has recorded strong sales across both the UK and the US, with momentum continuing into the new financial year.