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Retail & High Street
04:00, 6 SEP 2023
PrettyLittleThing director who made a fortune from Boohoo buyout leaves brand
North West
His resignation comes after PrettyLittleThing co-founder Umar Kamani stepped down as chief executive after 12 years in April
Bookmark
GMB union says 1,332 further jobs to go and 52 shops to close at collapsed retailer Wilko
Insolvency and Administration
Union said that PwC was still working with a bidder for Wilko 'who has made an offer for a significant part of business'
Bookmark
B&M agrees to buy up to 51 Wilko stores in £13m deal
North West
B&M has been interested in snapping up part of the stricken chain since it entered administration last month
Bookmark
B&M 'close' to acquiring 50 Wilko stores as hopes of rescue deal remain
North West
The move comes after the first round of potentially thousands of layoffs at the failed retailer was expected to start on Monday
Bookmark
Pittards 'in advanced negotiations' following administrator appointment
Insolvency and Administration
The troubled leather goods manufacturer, which is based in Somerset, employs around 150 people in the º£½ÇÊÓÆµ and 900 in Ethiopia
Bookmark
Who owns Castore? Full list of shareholders including Andy Murray, Issa brothers, PureGym founders and a film producer
North West
Castore's investors include the founder of New Look, the founder of The Gym Group and the former CEO of Saatchi & Saatchi
Bookmark
Gloucester Quays expands retail offering with almost 14,000 sq ft of new deals
Retail
The outlet's owner Peel L&P has secured eight new brand deals
Bookmark
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
Bookmark
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
Bookmark
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
Bookmark
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'
Bookmark
HMV owner finalising deal to save majority of Wilko stores
Insolvency and Administration
Canadian businessman who owns HMV in the º£½ÇÊÓÆµ and Toys R Us in Canada is the front-runner
Bookmark
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
Bookmark
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
Bookmark
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
Bookmark
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
Bookmark
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
Bookmark
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'
Bookmark
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
Bookmark
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'
Bookmark
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
Bookmark
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
Bookmark
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
Bookmark
Car retailer Vertu battles supply and interest rates headwinds to deliver profit
Retail & Consumer
The operator of 189 sales and aftersales outlets across the º£½ÇÊÓÆµ told the market it was optimistic
Bookmark
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