Selfridges managing director Anne Pitcher is to step down // Move follows completion of £4bn acquisition by Central Group and Signa Holding Selfridges group managing director Anne Pitcher is standing down at the end of the year after the completion of the department store group’s sale. The billionaire Weston family finalised the disposal of Selfridges to an Austrian... Continue Reading →

Ted Baker sold to Reebok-owner Authentic Brands Group // Authentic Brands Group has snapped up Ted Baker for £211 million // The new owner, which also owns Reebok, Forever 21 and David Beckham, plans to target significant growth in North American with Ted Baker Ted Baker has been snapped up by Reebok owner, US-based Authentic Brands... Continue Reading →

New Joules CEO Jonathon Brown Joules has hired former John Lewis omnichannel director Jonathon Brown as CEO. Brown, who was most recently CEO of Compare The Market, will replace Nick Jones, who revealed he would stand down earlier this year.  Brown will become CEO designate on 7 September before taking over on 30 September. The retailer... Continue Reading →

// Lego reopens flagship London store in Leicester Square // The Danish toy retailer said it is the biggest Lego store in the world Lego has reopened its store in London’s Leicester Square after four months of extensive refurbishment, creating the “biggest Lego store in the world”. The extension adds a further 300sqm to the previous... Continue Reading →

UK’s Marks & Spencer (M&S) has announced that it is the official tailor to the England senior men’s and women’s football teams. Spanning three years, the partnership builds on the retailer’s longstanding relationship with The Football Association, dating back to 2007 when M&S became the Official Suit Supplier to the England Senior Men’s Team. The in-house designed collections will... Continue Reading →

Image:A Joules store at West Quay in Southampton The high street behemoth is in detailed negotiations about buying a 25% shareholding in Joules, which has seen its shares collapse during the last year, Sky News learns. The high street giant Next is in talks to take a big stake in Joules, the struggling fashion and... Continue Reading →

Greggs Plc sales grew above pre-pandemic levels as cost-conscious consumers grabbed cheap lunches on-the-go, but rising costs held profit flat at the UK’s biggest bakery chain. The British food retailer, known for its sausage rolls and steak bakes, said Tuesday that comparable sales in the first half were 12% higher than the same period in 2019,... Continue Reading →

Deal with German asset management firm Aurelius Group follows CMA concerns JD Sports has agreed a deal to sell Footasylum to the German asset management firm Aurelius Group for less than half the price it originally paid, after it was finally forced to offload the trainer chain by the UK’s competition watchdog. The £38m deal... Continue Reading →