High Street
The latest news, updates and analysis on the the British High Street and UK retail industry. Sign up to the Daily Briefing and let Retail Sector’s business journalists keep you in the picture.
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May- 2021 -4 May
Frasers Group to launch £60m share buyback scheme
Mike Ashley’s Frasers Group has announced that it is set to commence a £60m shares buyback scheme commencing today (4 May 2021). Lasting until the end of the group’s financial year on 25 April 2021, the programme will see up to 10 million ordinary shares purchased at an aggregate price…
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Apr- 2021 -30 April
Card Factory trading performance ‘exceeds expectations’
Card Factory has announced that its performance following the reopening of stores in England and Wales “exceeded its expectations”. The company has also revealed that it has agreed headline terms for refinancing of the group with its current syndicate of commercial lending banks, with a further update due in the…
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29 April
WH Smith launches fundraise to open 100 new travel stores
WH Smith has unveiled plans to open around 100 new travel stores after launching a £325 bond offering in convertible bonds, despite reporting losses in its half-year results. The group, which also secured a £250m revolving credit facility with an extended maturity to 2025, said the funds will aid the…
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27 April
Furniture Village appoints new board member
Furniture Village has announced the appointment of Mike Broughton, the group’s IT and business development director, to its board of directors. Broughton has held senior IT positions for global corporations across multiple sectors, with his career highlights including roles at William Hill, Asda Walmart, Dixons Carphone, FSA and Barclays Bank.…
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26 April
Poundland owner confirms Polish IPO
Poundland owner, Pepco Group, has confirmed plans to go ahead with a listing on the Polish stock market that could value the company at around £3.9bn. The firm, which operates the Pepco and Dealz brands in Europe, had planned to go public in 2020 with a dual listing in London…
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23 April
River Island partners with DCK Group
River Island has announced a partnership with DCK Group, an independent fashion jewellery business for its new jewellery range. The collection comprises 380 pieces and is available online and across River Island’s 254 store estate. The jewellery features hoop earrings and layering necklaces, in addition to a collection of seasonal…
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20 April
John Lewis to renovate Peter Jones façade
John Lewis has announced that it will start work on a renovation of the curved glass façade of its Peter Jones shop in Chelsea. The renovation hopes to introduce an installation of light, shadow and movement that is “responsive to the environment” for example wind, rain, sunrise and sunset –…
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19 April
The ASC launches ‘ShopKind’ campaign to target shopworker abuse
The Association of Convenience Stores (ASC) has launched a new campaign urging the public to “ShopKind” as the reopening of more stores and shops across the country gets underway. The news follows reports of abuse and violence towards shopworkers growing to at least 400 incidents daily. The campaign is backed…
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19 April
EG Group acquires Leon in £100m deal
The EG Group, owned by billionaire brothers Mohsin and Zuber Issa, has announced the acquisition of all 70 Leon restaurants in a £100m deal. The group, which recently acquired a majority stake in Asda, said the acquisition will complement EG’s existing 700 foodservice outlets in the UK and Ireland of…
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19 April
Poundland owner eyes £4bn IPO
Pepco Group, the owner of Poundland and Dealz, is reportedly set to pursue a £3.9bn initial public offering (IPO) on the Polish market in the coming months. According to Sky News, the group’s management team and shareholders alike have snubbed London in favour of Warsaw due to the firm’s large…
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