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 →

The Hut Group mulls stock market float worth £4bn-£5bn

By Elias Jahshan -June 28, 2020 The Hut Group's board has reportedly not yet made a decision whether the flotation would be conducted in the public or private markets. // The online beauty retail group is in talks about a share sale that could lead to a London flotation // Reports suggest The Hut Group is courting... 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 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 →

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