News-In-Brief
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Oct- 2024 -15 October
Today’s news in brief-15/10/24
Victorian Plumbing announced the closure of Victoria Plum due to a £2m loss since acquisition, aiming to complete operations by…
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14 October
Today’s news in brief-14/10/24
Mulberry’s majority shareholder has rejected an increased bid from Frasers Group, which had offered £111m to take control of the…
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11 October
Today’s news in brief-11/10/24
Ikea reported a 5.3% decline in retail sales to €45.1bn (£37.7bn) after implementing significant price reductions across 63 markets. Despite…
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10 October
Today’s news in brief-10/10/24
Asos has finalised the sale of Topshop and Topman to Heartland, a joint venture led by Bestseller, with Heartland acquiring…
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9 October
Today’s news in brief-9/10/24
Shein’s UK arm reported robust financial results for 2023, with revenues climbing 38% to £1.55bn and pre-tax profits doubling to…
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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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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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3 October
Today’s news in brief-3/10/24
Tesco has reported a robust first half of the financial year, marked by increased sales and profits, prompting an upward…
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2 October
Today’s news in brief-2/10/24
Shop prices fell by 0.6% in September, marking the lowest annual growth since August 2021. Non-food items saw deflation deepen…
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