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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Jun- 2024 -10 June
Waitrose acquires meal kit delivery firm Dishpatch
Waitrose has announced the acquisition of Dishpatch, the meal-kit delivery service that provides “restaurant-quality home dining” in collaboration with some of the UK’s leading chefs. Dishpatch, founded in 2020, “replicates a restaurant experience” without leaving the house with chef-designed dishes from the likes of Angela Hartnett, Michel Roux Jr, Rick…
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10 June
GE could delay M&S Oxford Street store development
Marks and Spencer’s may once again see plans for its new Oxford Street flagship store delayed, this time due to the general election, according to This is Money. The news comes after the group was hopeful that its plans to rebuild its Oxford Street store would be approved by ministers…
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10 June
WBA delays Boots IPO amid sale talks
Walgreens Boots Alliance (WBA) has reportedly postponed plans for a possible Boots IPO as talks of a potential sale continue, according to Bloomberg. It is understood that WBA is currently weighing alternative options for the UK health and beauty retailer, having engaged in “informal” talks with potential buyers such as…
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10 June
Labour vows to overhaul business rates system
The Labour party has vowed to overhaul the current business rates system should it be victorious in the general election. The party stated that it would replace the current system with a new system that will “level the playing field between the high street and online giants”. Shadow chancellor Rachel…
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10 June
Top THG shareholder joins calls for vote against chair
THG’s tenth largest shareholder has joined a revolt against the reappointment of the company’s chairman amid disappointment over the group’s share price, The Times has reported. Dutch investment firm Ophorst Van Marwijk Kooy Vermogensbeheer, which has a 1.89% stake in the company, will reportedly join fellow shareholder Kelso in a…
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10 June
New West End Company launches manifesto ahead of GE
New West End Company has announced the launch of its new manifesto ahead of the general election in July. The organisation said that the manifesto will focus on three pillars – supporting opportunity and growth, ensuring the West End is safe and accessible, and promoting the district on the international…
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7 June
Today’s news in brief-7/6/24
The British Independent Retailers Association (BIRA) has initiated a £1bn damages claim against Amazon on behalf of UK retailers selling on its marketplace. BIRA accuses Amazon of misusing retailers’ data and manipulating the Amazon Buy Box to divert sales and profits from these retailers to its own business. This claim,…
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7 June
Lidl announces plans for new distribution centre
Lidl UK has revealed plans for a brand new Regional Distribution Centre (RDC) in Bolton, Greater Manchester, following the freehold acquisition of 43.71 acres at Harworth Group’s flagship Logistics North development. The news of the warehouse marks another multi-million pound investment by the retailer, following a series of recent announcements…
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7 June
TDR Capital to become majority owner of Asda as Zuber Issa exits
TDR Capital is set to become the majority owner of Asda, announcing that it has agreed to acquire Zuber Issa’s shares in the supermarket. Mohsin Issa will remain a co-owner in Asda alongside TDR Capital, and the ownership of Asda is now 67.5% by TDR Capital, 22.5% by Mohsin Issa, and…
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7 June
Sainsbury’s unveils Klarna partnership
Sainsbury’s has revealed that it has struck a deal with buy-now-pay-later firm Klarna for the use of its product. The deal will see its payment methods available at the online checkouts of three brands; Argos, Habitat and TU. Sainsbury’s customers will be able to choose from Klarna’s three interest free…
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