Holland & Barrett sold for £1.8bn to Russian billionaire

Holland & Barrett, the UK's biggest health food retailer, is being bought by a Russian billionaire for £1.8bn. L1 Retail, a fund controlled by Mikhail Fridman, is buying the chain from US private equity firm Carlyle. Carlyle acquired Nuneaton-based Holland & Barrett as part of its $3.8bn (£3bn) purchase in 2010 of US firm Nature's... Continue Reading →

Volkswagen to open first UK Store in Birmingham

Volkswagen Bullring Birmingham storeVolkswagen is the latest car brand to embrace the retail-friendly ‘store’ concept in the UK. Its first store will open in Birmingham’s Bullring next month, on Friday 7 July. The new VW store has been set up by local Volkswagen dealer Johnsons Cars. A development of the dealer’s other retail pop-up sites,... Continue Reading →

Tesco supermarket to axe 1,100 UK jobs

Operations will be shifted to its office in Dundee, Scotland, creating 250 jobs, Tesco added in a statement. Tesco supermarket to axe 1,100 UK jobsLondon- Britain's biggest retailer, supermarket giant Tesco, said Wednesday it plans to cut 1,100 jobs with the closure of a call centre in the Welsh capital Cardiff. Operations will be shifted... Continue Reading →

Amazon to buy Whole Foods for $13.7bn

Online retail giant Amazon is buying Whole Foods in a $13.7bn (£10.7bn) deal that marks its biggest push into traditional retailing yet. Amazon, which has been experimenting with selling groceries, will buy the upmarket supermarket for $42 a share. Founded in 1978 in Texas, Whole Foods was a pioneer of the move towards natural and... Continue Reading →

Swarovski debuts Perth flagship store

Swarovski Perth flagship store opening Australia - Retail in Asia Crystal maker and jeweller Swarovski has opened its Perth flagship store, the second store in Australia to feature the brand’s crystal drop chandelier, as part of its new retail design. Located in Perth Hay Street Mall, the new Western Australia store boasts Swarovski’s new ‘crystal... Continue Reading →

H&M firms up plans for Arket brand

As H&M braces for the opening of its first Arket store, it is already putting a plan in motion for its second location. The fast-fashion chain announced in March that is plans to launch its new brand, Arket, in early fall. Arket, H&M’s first new brand in three years, will feature merchandise men, women and... Continue Reading →

Tesco to trial Currys PC World outlets in store

Tesco and Dixons Carphone have announced a new partnership which will see two Currys PC World concessions opening within Tesco Extra stores this summer. The first store is scheduled to open in July at Tesco’s Milton Keynes Extra store, followed by a second concession at its Weston Favell Extra store in Northampton later in August.... Continue Reading →

Regatta makes American debut

British outdoor and leisure clothing brand Regatta Great Outdoors is making its US retail store debut exclusively at Sears with 11 shop-in-shop locations through the New England area. "We chose Sears for our American debut because their customers align well to the type of enthusiasts who have fallen in love with the Regatta brand in... Continue Reading →

J.Crew CEO of 14 years Mickey Drexler departs

US fashion brand J.Crew has announced its long-standing chief executive Mickey Drexler is to step down. The retail veteran who helmed the company for 14 years will stay on as chairman while former president of West Elm, Jim Brett, steps in to take over the role. The surprise announcement follows recent news that the company’s... Continue Reading →

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