All Kesa articles – Page 2
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NewsComet deal uncertain as like-for-likes nosedive
Electricals retailer Comet suffered a 22.1% like-for-like sales plunge in its second quarter after suffering a double-whammy of harsh trading conditions and tough comparatives.
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NewsSale unlikely for troubled Comet chain
Talks between Kesa and potential buyers of its troubled Comet chain had all but collapsed as Retail Week went to press, and the retailer was preparing to embark on its own turnaround plan.
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News
Comet sale decision looms as Kesa prepares for AGM
Kesa chiefs are expected to decide within a few days whether to proceed with a sale of electricals retailer Comet, following the submission of second-round bids today.
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NewsResilient retail stocks flagged up as stock markets plunge
Plunging stock markets have created buying opportunities among retailers and prompted brokers to seek out resilient stocks.
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NewsStore stocks bear up despite wave of riots
Despite the wave of rioting, including shop-burning and widespread looting, stores were down but outperformed other stocks in a week when the global markets were undermined by renewed financial fears.
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NewsHilco still in the running for control of Comet
Restructuring specialist Hilco is reportedly still in the running as a bidder for electricals retailer Comet.
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NewsDistress specialists exit battle to buy Comet
Distress specialist bidders are understood to have exited the battle to buy struggling electrical firm Comet.
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OpinionDixons heads for Harrods
Ironic that Dixons, which only two years ago was threatened by Harrods with legal action over a cheeky ad poking fun at the famous department store, is soon to be installed as the electricals concessionaire in the landmark Knightsbridge shop.
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NewsPotential Comet bidders enter second stage
Directors of Kesa and their advisers at Bank of America Merrill Lynch were deciding which Comet bidders should go through to the second stage.
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NewsFormer Kingfisher director considers bidding for Comet
Former Kingfisher director Jim Weight is among the bidders for troubled electricals chain Comet, it is understood.
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NewsPension fund a stumbling block to sale of Comet
Comet’s pension fund is likely to become a key subject of discussion in the next phase of talks between owner Kesa and potential buyers of the electricals retailer.
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NewsWednesday deadline for first-round bids for Comet
Up to 10 would-be buyers consider whether to table offers for 249-store electricals chain
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NewsKnight Vinke: no objection to sale of Comet
Activist investor Knight Vinke has said it has no objection to Kesa selling its UK electrical chain Comet.
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NewsKnight Vinke urges Comet demerger rather than sale
Knight Vinke, the activist investors with a 20% stake in Kesa, has urged the electricals group not to sell UK chain Comet.
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NewsKesa forecasts slashed as costs rise
Anglo-French electricals group Kesa, which last week posted full-year results and confirmed it may sell UK chain Comet, is on broker Shore Capital’s sell list.
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NewsLoss-making Comet to close 17 stores
Electricals retailer Kesa said Comet slumped into the red in the year to April 30, making a loss of £8.9m compared with retail profit of £11.5m the year before.
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NewsStores in the spotlight as sale talk heightens
Retailers provided some of the biggest talking points of the week as fevered speculation swirled about the future of some of the industry’s biggest names including Comet, HMV and Signet.
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NewsKesa considers disposal of Comet
Anglo-French electricals group Kesa may sell loss-making UK chain Comet and delist its shares from the London Stock Exchange.
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NewsComet like-for-like sales plummet 15.2%
Electricals retailer Comet suffered a 15.2% plunge in like-for-like sales in its final quarter, bringing the full-year fall to 7.7%.