Yankee Candle to be acquired in $1.75 billion deal

New York -- Yankee Candle has agreed to be acquired by global consumer products company Jarden Corp. for $1.75 billion in cash from its private equity owner Madison Dearborn Partners. Yankee Candle, based in South Deerfield, Mass., operates about 575 stores in the United States and Canada. Madison Dearborn bought Yankee Candle in 2007 for... Continue Reading →

Burberry launches fragrance for men

Angela Ahrendts chief executive. Burberry said it wants to capitalise on the 'significant opportunities' available in the fragrance and beauty market. Burberry has launched its first fragrance since taking the running of its beauty business in-house in April. The luxury British brand, famous for its raincoats, gave Brit Rhythm, a perfume for men, a typically... Continue Reading →

Uniqlo to enter German market

Japanese high street retailer Uniqlo, which operates in the UK, France and Russia in Europe, is to open its first flagship store in Germany in spring 2014. The chain, part of Fast Retailing that also includes Comptoir des Cotonniers, Helmut Lang, Princesse tam.tam, Theory and J Brand, will open in Berlin’s popular Tauentzienstrasse shopping area,... Continue Reading →

Grimsey retail review: key recommendations

Grimsey retail review: key recommendations As big retail chains move to more lucrative out-of-town sites they are 'hollowing out the high street', said Bill Grimsey. Photograph: Fabio De Paola Leadership • Establish a commission for each town centre to build a 20-year vision supported by a broad business plan in five-year chunks, with updates at... Continue Reading →

Xtravision and HMV to relaunch as dual brand

HMV is to be integrated into 26 Xtravision stores nationwide by the end of September, according to restructuring specialist Hilco Capital, which bought the DVD rental chain out of receivership earlier this summer. The stores are to be dual-branded, bringing together the two retail names, and introducing HMV to areas of the country it wasn’t... Continue Reading →

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