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Retail & Consumer

Wingstop º£½ÇÊÓƵ bought out by private equity firm in £400m deal
By City AM
The terms of the deal have not been disclosed, it is understood that the value of the sale is at least £400m, with US private equity giant Sixth Street taking a majority stake in the business
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Shop staff face 'Christmas crime wave' with more than 650 shoplifting cases unsolved each day
By City AM
The number of shoplifting offences that went unsolved soared by 38% in the year to March 2024, official figures show, amid a rising level of shoplifting in the º£½ÇÊÓƵ
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Boohoo sells London office for £49.5m as it looks to strengthen balance sheet
Boohoo
Independent property fund Global Holdings º£½ÇÊÓƵ buys Soho building
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Council says no to restaurant's glazed extension to 'protect the appearance and character of the Promenade'
North West
The retrospective application for the development, which was built to enable the business to continue trading during Covid, said improvements had been made to the glazed dining area including creating a more solid roof
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END Clothing acquired by investors in move said to have reduced debts and positioned it for success
Retail & High Street
New York investors Apollo Global Management now own the Tyneside-founded retailer
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Dozens of jobs saved as digital healthcare group Remedi Solutions bought from administration – and new owner Nadeem Sarwar says Cheshire business has 'significant growth potential'
Deals
Joint administrator says 'We are delighted to have saved all 83 jobs, especially at this time of year'
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Mike Ashley loses bid to join Boohoo board as billionaire suffers major blow
By City AM
Frasers Group and Mike Ashley have been locked in a public battle with Boohoo in recent months, and the billionaire has now suffered a blow after losing a vote to join the board
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Headlam shares jump over 6% as flooring specialist cashes in on £54m property deals
By City AM
Headlam shares jumped 6.84 per cent on Friday morning after the flooring specialist announced that it had agreed to sell three of its properties for a combined price of £53.9m
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Harry Potter and the Cursed Child maker remains in the red amid West End troubles
By City AM
The joint venture which produces the show across the world has reported a turnover of £41.3m for the year to 31 March, 2024, down from the £45.2m it achieved in the prior 12 months.
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º£½ÇÊÓƵ retail sales rise slightly in November amid concern over golden quarter
By City AM
º£½ÇÊÓƵ retail sales edged up in November as a strong performance from º£½ÇÊÓƵ supermarkets helped offset a sharp fall in clothing store sales, according to the latest data from the Office for National Statistics
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London Waterloo Wetherspoons pub is so popular it's driving sales at nearby shops
By City AM
The London hub reported the most quarterly sales growth of any of the 19 stations Network Rail runs in the º£½ÇÊÓƵ, up 47 per cent year-on-year
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Royal Warrants granted to Queen's trusted fashion designers and beauty experts
John Lewis
The King has granted royal warrants to 386 companies that previously held warrants from Queen Elizabeth II, including household names like John Lewis, Heinz and Nestle, while the Duchess has appointed seven new holders
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Green light for huge new Frasers campus near Coventry
West Midlands
High street retail wants to build a massive head office with logistics and leisure space on green belt land
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The CEO of Hirestreet on fashion trends, challenges and renting out her own bridesmaids' dresses
Retail & High Street
Hirestreet founder Isabella West tells us how the business is helping retailers to navigate challenges, while also helping fashion fans to stay sustainable
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Wingstop smashes sales as it opens more º£½ÇÊÓƵ stores and creates thousands of jobs
By City AM
Wingstop, which is known for its buffalo wings, has reported a turnover of £84.6m for the 12 months to 31 March, 2024, new documents filed with Companies House show
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Water bills to go up £31 a year every year under new ruling
Retail & Consumer
Some will pay even more, depending on who provides your water
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Tortoise Media acquires Observer newspaper as deal finalised
By City AM
The Observer newspaper has been sold to Tortoise Media after a deal was signed by The Scott Trust and Guardian Media Group (GMG)
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Harrods beauty store plans for famous department store site Browns of Chester
North West
The luxury beauty brand is proposing to lease part of the old Debenhams department store
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Shoe Zone forced to close stores after 'significant' Budget tax hikes
By City AM
Shoe Zone said a combination of lower consumer confidence following the Budget, plus "significant additional costs" due to the increases in National Insurance and the National Living Wage, have made the stores "unviable".
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Heathrow to invest £2.3bn in airport upgrades in boost for passengers
By City AM
The capital investment will be the largest made in the º£½ÇÊÓƵ's transport infrastructure by the private sector, according to the airport, which has faced criticism for its crumbling infrastructure
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B&Q owner Kingfisher sells off struggling Romanian division in £58m deal
By City AM
The sale of the division, which has 31 stores, is expected to complete in the first half of the next financial year and the value of the deal will be £58 million
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'Charging oasis' set for former petrol station site
North West
The 12-bay charging hub is being constructed by EV network Be.EV
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Oldham Coliseum set for revival with £10m refurbishment, reopening by Panto 2025
North West
'It's a place of history, memories and huge pride'
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Thatchers vs Aldi: British cider brand seeks to overturn cloudy lemon cider trademark ruling
By City AM
Thatchers is back in court today as it seeks to overturn a ruling in its legal battle with Aldi over the supermarket's cloudy lemon cider
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