Private equity circles as Walgreens puts Boots on sale at £7bn

The American owners of Boots are seeking up to £7 billion for the pharmacy chain as Asda’s financial backers join a raft of private equity firms readying bids. Walgreens is understood to be keen to offload the entire Boots business, with its operations in the UK, Ireland and Thailand, as well as the No7 beauty... Continue Reading →

M&S expected to announce strongest Christmas in years

Shareholders hope for positive news when the Christmas trading update is announced on Thursday 13 January Marks & Spencer is expected to reveal its strongest Christmas in years later this week, following a succession of positive trading results over recent months. The high street giant has seen its fortunes turn around over the last 12 months, despite... Continue Reading →

Private-equity firm interested in Walgreens’ U.K. drugstore chain

U.S. private-equity firm Bain Capital approached Walgreens Boots Alliance about buying its U.K. drugstore chain Boots (Bloomberg) — U.S. private equity firm Bain Capital recently approached Walgreens Boots Alliance Inc. about a potential purchase of its U.K. drugstore chain Boots, the Times of London reported, without saying where it got the information.  Bain is positioning itself as... Continue Reading →

Luis Vuitton opens first Middle East store at Dubai Duty Free

The new opening is another mark of the brand’s expansion drive in travel retail Luis Vuitton has opened its first store in the Middle East at Dubai Duty Free in Dubai International Airport. The new space features a complete offer of leathergoods, ready-to-wear textiles, watches, jewellery, accessories, fragrances and shoes. The store also includes personalisation services, from hot-stamping of... Continue Reading →

Intu’s Trafford Centre seeks £1.3bn buyer

By Sahar Nazir -August 12, 2020 Trafford Centre, which is located in Manchester, draws 30 million visitors every year Intu’s Trafford Centre is reportedly seeking a buyer less than two months after the shopping centre owner filed for administration. The UK’s fourth-biggest shopping centre has drafted in PJT Partners and CBRE to oversee the sales process, Sky News reported.... Continue Reading →

Amazon and Mall Operator Look at Turning Sears, J.C. Penney Stores Into Fulfillment Centers

Simon malls have 11 Sears and 63 Penney stores, according to a public filing.PHOTO: MARK BLACK/ZUMA PRESS Hookup between Simon Property Group, Amazon would show how retail and logistics are converging more rapidly By Esther Fung and Sebastian HerreraUpdated Aug. 9, 2020 1:40 pm ET Simon Property Group Inc., the biggest mall owner in the U.S., has been in talks with Amazon.com Inc. to... Continue Reading →

Next in line for Victoria’s Secret UK franchise

The future of Victoria's Secret UK store estate is also dependent on landlords agreeing to readjust its lease terms. Next has reportedly been chosen as the “preferred” UK franchise partner for Victoria’s Secret and has agreed an outline deal to takeover the business on this side of the Atlantic. According to Sky News, Next beat off bidding... Continue Reading →

Soletrader to permanently shut 8 UK stores

By Sahar Nazir -July 7, 2020 Soletrader will permanently close eight of its 37 stores in the UK // The retailer will shutter eight shops in the UK Soletrader will reportedly shutter eight stores in the UK after its parent company Twinmar Limited placed it into a creditors’ voluntary liquidation. RG Insolvency directors Avner Radomsky and... Continue Reading →

Sainsbury’s hit by fat cat pay row: Grocer under fire over ‘excessive’ deal handed to new boss Simon Roberts

By DAILY MAIL CITY & FINANCE REPORTER Sainsbury's is under fire over the 'excessive' pay deal handed to its new boss Simon Roberts. Just days after Tesco suffered one of Britain's biggest shareholder revolts over fat-cat pay, its supermarket rival was accused of failing to align executive rewards with the interests of shareholders. Advisory group... Continue Reading →

Tesco hit by shareholder revolt over executive pay

Vote against backing remuneration report casts shadow over soaring sales news Tesco has suffered one of the biggest ever shareholder revolts over executive pay, casting a shadow over a strong sales performance during the coronavirus lockdown. Shareholders representing just over 67% of the stock voted at the retailer’s annual meeting not to back the remuneration report.... Continue Reading →

Microsoft to permanently close all retail stores

More than 80 Microsoft stores closed due to the coronavirus pandemic will not reopen19:45 June 27, 2020 Microsoft said Friday it will close all of its stores and move its retail operations online, keeping just four locations and transforming them into "experience centers."Image Credit: AP San Francisco: Microsoft said Friday it will close all of its... Continue Reading →

Go Outdoors on brink of administration

By a Daily Business reporter | June 21, 2020 JD Sports sent shockwaves through the retail sector with a report that one of the best-performing high street chains intends to appoint administrators for its Go Outdoors’ chain. Go Outdoors, specialising in camping equipment, bikes and clothes, employs about 2,400 staff across 67 stores. It was acquired for... Continue Reading →

Women’s fashion brand Max planning to close 17 stores

 21 June 2020 Consultancy.com.au New Zealand women’s fashion brand Max is currently working with a partner from Australian consultancy McGrath Nicol to restructure its operations. At present, 17 of the company’s stores are lined up for closure, after having virtually no revenue during the Covid-19 lockdown. McGrath Nicol is a specialist advisory and restructuring firm that... Continue Reading →

Uniqlo to open online store in Philippines

MANILA - Japanese apparel brand Uniqlo said Tuesday it would soon launch its online store in the Philippines, as more shoppers shift online to ride out the coronavirus pandemic. Launching in the second half, Uniqlo said it was banking on Filipinos' status as one of the world's top mobile internet and social media users. “An... Continue Reading →

Monsoon Accessorize on brink of administration

High street retailer Monsoon Accessorize is on the brink of administration, having suffered from the impacts of the ongoing coronavirus crisis.  The business is preparing to file a notice of intention to appoint administrators as soon as tomorrow. Advisory firm FRP Advisory is lined up to handle the process.  Drapers understands various parties have already shown... Continue Reading →

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