News
The latest news, updates and analysis on the the UK retail industry. Covering every segment of the market, Retail Sector’s business journalists keep you in the picture.
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Oct- 2024 -7 October
Today’s news in brief-7/10/24
Mulberry founder Roger Saul has suggested that luxury retailer Mulberry might be a better fit with European luxury group LVMH…
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7 October
Sloane Stanley Estate welcomes two new independent retailers
The Sloane Stanley Estate has announced two new design-led independents, Penelope Chilvers and KayaNuka, are joining the King’s Road. Penelope…
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7 October
John Lewis CEO Kanikwala to revert to NED role
John Lewis Partnership has revealed chief executive officer Nish Kankiwala and the Partnership’s board have agreed that he will revert…
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7 October
Weird Fish improves profitability in FY23
Weird Fish, the British lifestyle clothing and accessories brand, has revealed its EBITDA increased 80% to £2.6m as the business…
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7 October
Carpetright owner takes £11m hit from The Floor Room administration
Figures from Companies House show that Carpetright owner Nestware has taken a £10.8m hit as a result of the closure…
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7 October
Sainsbury’s to recruit 20,000 staff ahead of festive season
Sainsbury’s revealed it is recruiting 20,000 seasonal roles nationwide in the run up to the Christmas season, including 18,000 at…
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7 October
Mulberry founder suggests LVMH may be best fit for bidder
Roger Saul, the founder of luxury handbag retailer Mulberry, has told This is Money that it would fit “more naturally”…
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7 October
Footasylum secures £35m funding package for expansion
Footasylum is set to accelerate its growth plans across the UK and beyond after securing a £35m revolving credit facility…
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7 October
Yoox Net-A-Porter to be acquired by Mytheresa in €555m deal
Mytheresa has signed a deal to acquire Yoox Net-A-Porter (YNAP) from Richemont for €555m (£464m).Following the deal, Richemont will acquire…
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4 October
Today’s news in brief-4/10/24
Shein is moving ahead with plans for a highly anticipated London IPO, reportedly set to hold informal talks with investors…
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