News-In-Brief

Today’s news in brief-22/10/24

Mulberry’s board has backed Challice, the majority shareholder, in rejecting Frasers Group’s increased £111m takeover bid. Challice made it clear…

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Today’s news in brief-21/10/24

Frasers Group has agreed to sell its 20.3% stake in N Brown for £191m to Falcon 24 Topco Limited, owned…

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Today’s news in brief-18/10/24

Boohoo’s CEO, John Lyttle, is stepping down after five years, as the company embarks on a strategic review and secures…

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Today’s news in brief-17/10/24

N Brown has agreed to a £191m takeover by Falcon 24 Topco, a company led by Joshua Alliance, a member…

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Today’s news in brief-16/10/24

Inflation in the UK has dropped to 1.7% in September, marking its lowest level in over three years, down from…

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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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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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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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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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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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