All Faith articles
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OpinionComment: What has private equity ever done for retail?
Last week’s news that Comet has gone into administration adds further weight to those who argue that private equity does more harm than good to the retail sector.
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OpinionPrivate equity is shopping for retail deals
So far this year there have been 11 private equity-backed retail deals, representing more than 10% of all private equity transactions in 2010 and the third biggest sector focus after computer services and support services.
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NewsJohn Kinnaird plans to launch new shoe chain
Retail entrepreneur John Kinnaird is reportedly plotting a return to retail with the launch of a new footwear chain.
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NewsDebenhams posts like-for-like sales fall and acquires 115 Faith concessions
Department store group Debenhams has reported a like-for-like sales fall of 0.4% for the 42 weeks to June 19 and has agreed to buy bust footwear retailer Faith’s concessions.
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NewsFaith administrator rejects bids
Mazars, the administrator handling the beleaguered footwear chain Faith, has rejected two bids to acquire the business and has shut down 44 of its standalone stores.
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AnalysisRetention of title
With Faith’s future in doubt its suppliers have tried to reclaim stock from the footwear chain’s stores and concessions. Are their actions legal and the only reasonable recourse?
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NewsFootwear supplier interested in rescuing Faith
Footwear supplier Logo 69 has emerged as an interested party in rescuing the Faith footwear business from administration.
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NewsFaith on the brink of administration
Footwear chain Faith is understood to have lined up Heath Sinclair of Mazars as administrator.
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NewsFaith suppliers threaten stock removal
A group of major footwear suppliers have arrived at Faith’s London head office to demand their stock back amid growing uncertainty about the future of the young fashion footwear chain.
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NewsFaith on brink of sale as John Kinnaird battles for MBO
The outcome of the sale process for Faith was due to be announced as Retail Week went to press.
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NewsSports Direct makes offer for Faith
Mike Ashley’s Sports Direct is among five bidders to have made offers for footwear specialist Faith, it is understood.
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NewsFaith looks at management buyout as 'for sale' flag raised
Footwear retailer Faith has hired advisers to run a sale which is likely to lead to a management buyout backed by private equity.
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NewsOnline retail sales hits lowest-ever annual growth in January
Online retail sales growth slowed to its lowest-ever level in January, up just 5% like-for-like to £4.3bn.
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NewsSt David's Cardiff signs more retailers ahead of opening
St David’s shopping centre in Cardiff has signed several more retailers ahead of its opening next week, but still has around a third of its shops left to let.
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NewsFaith takes strides with web revamp
Footwear retailer Faith is to launch a new-look website next week as it seeks to lift online revenues by £1m.
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News
Stylo to cut jobs after losses widen
Stylo posted first-half losses after tax of 9.3 million, up from 7.5 million in the red during the same period last year, and revealed it will slash jobs at the business.
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News
Faith sold in pre-pack deal
Faith Shoes has been sold in a pre-pack administration deal for an undisclosed sum to retail entrepreneur John Kinnaird and investment fund Agilo.
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Faith chiefs exit as chain nears administration
Senior management at shoe chain Faith are set to leave the business as it is expected the chain will be put into administration this afternoon.
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Faith sale on cards as restructuring specialist hired
Shoe chain Faith could be sold in a fire-sale, after lenders to its owner Bridgepoint appointed restructuring specialist FTI Consulting.