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Retail & High Street
12:19, 16 MAY 2023
Greggs reports big rise in sales despite "challenging" economic backdrop
Food and Drink
The Newcastle firm highlighted the popularity of some of its new menu items and said its value proposition would serve it well during the cost-of-living crisis
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THG boss Matthew Moulding reveals why takeover talks with US private equity firm Apollo collapsed
North West
'I get excited about building and growing things, not spreadsheets'
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THG ends takeover talks with US private equity firm Apollo
North West
THG's shares have dropped sharply after the news was announced
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Studio Retail lost over £75m before rescue by Mike Ashley's Frasers Group
North West
The company has blamed supply chain issues and 'difficult market trading conditions'
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Regen plans for old Birmingham city centre bank
West Midlands
Santander closed its Union Street branch in 2019 and now new plans could see it turned into retail units and apartments
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New online shop launches for Cotswolds producers
Food and Drink
Shop Cotswolds is an online shopping hub for local food and drink producers in the region
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JD Sports hires CFO at Compare the Market owner as new finance chief
North West
JD Sport's current CFO, Neil Greenhalgh, will leave the business later in the summer
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Company behind Hooch, Hooper’s and VK sees sales jump
Food and Drink
Global Brands saw a near 27 per cent rise in turnover last year to £84.4m, partly thanks to US growth
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Hotter Shoes owner Unbound Group loses £10m investment over trading concerns as it calls in Interpath Advisory
North West
A knitwear and jersey brand backed away from a possible £7m takeover of the group last month
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Almost £3m owed by company behind Real Housewives of Cheshire star Seema Malhotra's Forever Unique ahead of liquidation
North West
Forever Unique is still trading and being run by a new operating company
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Birmingham Airport worst in Britain for delays last year, while East Midlands was best – here is the full list
Leisure & Touism
May and June were the worst months for flight reliability in 2022 after aviation companies failed to recruit and train enough staff
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JD Sports to buy France's Courir in €520m deal
North West
In 2022, Courir had consolidated revenues of €609.8m and a pre-tax profit of €47.4m
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Modest rise in number of Welsh shoppers hitting high street but levels still down on pre-pandemic
Wales
The Welsh Retail Consortium has released the latest retail footfall data in Wales for April
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THG shares slashed after chances of takeover by US private equity giant Apollo called into question
North West
Research from Bloomberg Intelligence appears to have spooked some investors
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With better than expected spring sales, Next still 'needs to pull a rabbit out of the hat to regain its mojo'
Retail & High Street
Retail giant warns of tricky summer but said price inflation won't be as bad as it first thought
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Superdry completes £12m equity raise to help fund its turnaround plan
Retail
The Cheltenham-based retailer issued a warning earlier this month saying it needed to cut costs by more than £35m
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Manchester Airport unveils plans for 27 new shops and restaurants for Terminal 2 as part of £1.3bn transformation
North West
A £440m plan to complete the transformation of Manchester Airport was unveiled in January
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Exclusive: Poundstretcher owner Aziz Tayub wants to float chain this year – despite parting ways with latest CEO
Retail & High Street
Announcement comes despite Poundstretcher parting ways with CEO Derek Lawlor after less than a year
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Bristol tech firm Kurve raises £250k for self-service kiosk software
Retail
The company said it has more than 110 customers, including a number high street restaurants and takeaway chains
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Boohoo settles $197m US class action over 'fake' discounts
North West
It is understood that the settlement has been reached 'without admission of liability'
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Company behind former Real Housewives of Cheshire star Tanya Bardsley's clothing brand enters liquidation
North West
Mrs Bardsley is a model and reality television personality and is married to professional footballer Phil Bardsley who currently plays for Stockport County
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One of Britain's richest men buys £37m stake in takeover target THG
North West
Apollo Global Management has until May 15 to either make a firm offer or walk away.
Bookmark
Superdry confirms it is in talks with investors over 20 per cent equity raise
Company Results
Bosses at the Gloucestershire-based fashion chain is looking to raise £15m
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Sportswear brand Castore eyes sales of $250m after new kit deals fuel expansion
North West
Castore's shareholders include Andy Murray and the billionaire Issa brothers
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