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Retail & High Street

Redundancies set to start at Wilko today as hopes remain that shops will be saved
Insolvency and Administration
More than 250 jobs going as Canadian businessman who took over HMV in 2019 said to be in talks to save shops
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Watches of Switzerland directors show faith in business with £890k share purchase
Retail & High Street
Shares in the group dropped on August 25 after Rolex acquired the Swiss jeweller and watch manufacturer Bucherer
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Work set to start on Castle Donington business park
property news
The units will be available for sale or rent and open to uses including office, industrial and retail
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Footasylum planning to grow its store network after seeing revenue rise
Retail & High Street
'The group strategy continues to focus on understanding and entertaining our consumers'
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HMV owner finalising deal to save majority of Wilko stores
Insolvency and Administration
Canadian businessman who owns HMV in the Ƶ and Toys R Us in Canada is the front-runner
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London College of Communication students help Belvoir Farm design limited edition Woodland Trust bottles
Food and Drink
Belvoir Farms launched a partnership with the woodland conservation charity earlier this year
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Next takes even bigger stake in British fashion brand Reiss
Fashion
Former Next group product director Christos Angelides – who became Reiss chief executive in 2017 – will stay on in the top job
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Superdry reports losses of £148m in full year results
Company Results
The Gloucestershire-based retailer has been struggling for some months and earlier this week announced a suspension in the trading of shares
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Retail footfall in Wales experienced a big fall in August
Retail & High Street
Year-on-year figures for August have been published by the Welsh Retail Consortium
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Skincare brand Stories & Ink opens first-ever tattoo studio in Falmouth
Creative & Digital
Founded in 2020 the tattoo skincare product brand has also partnered with distribution giant Emerson Green to launch in the US
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Hundreds of jobs to go at Wilko – with more to follow
Insolvency and Administration
PwC said 'it is now clear that no viable offer structure put forward includes the group in its entirety'
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Reports suggest deal to save Wilko jobs has collapsed
Retail & High Street
Administrators at PwC still understood to be in negotiations with other interested parties, though
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Frasers Group takes bigger stake in Boohoo
Fashion
AJ Bell analyst says Frasers has a reputation for 'picking at the bones of businesses when they are down'
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Craft brewery Verdant to host Falmouth Beer Trail 2023
Food and Drink
Penryn-based Verdant Brewing Co has brought together 13 breweries for the September event
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Union fears Wilko redundancies could restart today
Insolvency and Administration
It is understood that private equity firm M2 Capital has made a £90 million offer to buy the retailer
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Superdry forced to suspend trading in shares after failing to file annual results
Company Results
The Gloucestershire-based retailer has been struggling for some months and previously agreed a loan of up to £25m to help fund its turnaround plan
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Car retailer Vertu battles supply and interest rates headwinds to deliver profit
Retail & Consumer
The operator of 189 sales and aftersales outlets across the Ƶ told the market it was optimistic
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Union says redundancies on hold at Wilko as search for buyer continues
Insolvency and Administration
GMB says any redundancies at Wilko have been suspended while administrators considers 'multiple bids'
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Amazing Jane takes activewear brand to Oxford Street for pop-up
Retail & High Street
The North East label hopes to make an impression on fitness industry influencers
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Watches of Switzerland shares dive after Rolex buys rival Bucherer
Retail & High Street
Management played down the news saying it is not a strategic move into retail by Rolex
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Hamper firm Heather & Bale gears up for busy Christmas with five-figure investment
Deals
The Alnwick firm which launched at the start of the pandemic has secured the funding from NEL Fund Managers
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Birmingham City fans facing long wait for kit after surge in orders
West Midlands
Blues' chief executive says the club has underestimated the level of interest in purchasing new kit
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Home Bargains creates 110 Swindon jobs at new £4.5m store
Retail
The new store's management said it would 'one of the biggest' across the company’s national portfolio
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Administrators could start closing Wilko stores in weeks
Insolvency and Administration
PwC admitted “redundancies and store closures in the future” were “likely”
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