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Retail

John Pye & Sons to auction off stock from failed Made.com furniture business
Insolvency and Administration
'It is John Pye Auction’s role to realise the best we can for all creditors of the company'
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Tobacco giant Imperial Brands' profits hit after Russia exit
Company Results
The Bristol-headquartered company said it was 'confident' its investments would help improve operating profits in 2023
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Poundstretcher exits CVA after paying off creditors at a rate of 12p in the pound
Retail & High Street
Discount chain said the biggest single creditor was HMRC followed by around 250 of its shop landlords
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Businessman who Boris Johnson called 'that bloody cheese man' sells company after Brexit woes
North West
Co-founder Simon Spurrell will retain a stake in the business and remain as managing director
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Tom Joule – who started Joules selling wellies at country fairs – hopes brand will live on as administrators called in
Retail & High Street
Comes as one analyst says, ‘Next and Frasers look logical suitors given their relatively robust position’
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Harry Kane-backed health food brand Bio&Me scores extra £1.6m investment
North West
The company has deals with Asda, Boots, Holland & Barrett, Sainsbury’s, Tesco, the Co-op and Waitrose
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East Midlands appointments and promotions
Appointments
Moves at Armsons Barlow, Heavenly Desserts, Precision People, Gowercroft Joinery, Cambridge & Counties and more
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Joules announces it is going into administration
Insolvency and Administration
The retailer said it was suspending trading in its shares following months of financial difficulties
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Rollercoaster year for Matthew Moulding's THG continues as shares recover from historic low
North West
The Manchester-based online retailer owns Lookfantastic, Cult Beauty and MyProtein
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Mike Ashley's Frasers Group increases stake in Simply Be and JD Williams owner N Brown
North West
Frasers Group owns Sports Direct and House of Fraser
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Grimsby pride on the packaging for national operator Regal Fish as new range launches
Food and Drink
Made Great in Grimsby initiative embraced by doorstep delivery specialist
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Brexit backer and Next boss Lord Simon Wolfson says it was ‘definitely not the Brexit I wanted’
Retail
‘We have got people queuing up to come to this country to pick crops that are rotting in fields….and we’re not letting them in’
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Global investor builds sizable stake in musicMagpie
North West
musicMagpie floated on the London Stock Exchange's AIM in April 2021 in a move that valued it at more than £200m.
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WH Smith returns to profit amid global travel market recovery
Company Results
The Swindon-based retailer said sales at its stores in airports and other transport hubs had surged past pre-pandemic levels
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Auto Trader warns of Autorama losses after £200m acquisition
North West
Autorama is battling 'continued supply challenges across all vehicle types resulting in lower delivery volumes'
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B&M eyes 'Golden Quarter' sales success despite £40m drop in profits
North West
On the first six weeks of its current 'Golden Quarter', the group said its like-for-like sales are up 2.5% in B&M's º£½ÇÊÓƵ stores
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Shopkeeper sentenced and tagged for selling potentially dangerous toys, electrical products and cosmetics
Courts
Trading standards seized 753 items including hair straighteners, power tools and robot vacuum cleaners
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Tap dancing! Strictly celeb Helen Skelton signs up as brand ambassador for bathroom specialist
Retail
Victoria Plum strikes deal with popular presenter fancied to lift glitterball
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Made.com: From the 'online IKEA' to a 'car crash' as administration leads to hundreds of lost jobs despite Next deal
North West
Dr Gordon Fletcher, retail expert from the University of Salford Business School, has looked at what went wrong and what might happen next
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Goldsmiths boss on how luxury watch sales are still booming despite cost of living crisis
Retail & High Street
Watches of Switzerland CEO says prices rising as supply still outstripping demand and new showrooms open
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Amazon says it has invested more than £3bn into East Midlands since 2010 and created 8,000 jobs
Retail
It said across the region more than 6,000 SMEs had worked in partnership with the business since 2010
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Property firm snaps up Newcastle shopping centre in £9.3m off market deal
property news
The deal by Monument Real Estate brings the centre back into local ownership
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Boohoo hands shares to more than 1,100 of its employees
Retail & Consumer
Boohoo's CEO, CFO and a director have taken part in the scheme
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Troy boss talks Exeter Chiefs, Applegate acquisition and building a business worth millions
Retail
Paul Kilbride talks about the rise of Troy º£½ÇÊÓƵ - one of the º£½ÇÊÓƵ's biggest tooling and industrial supplies buying groups
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