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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Apr- 2024 -29 April
Monsoon Accessorize profits fall amid ‘difficult trading’
Monsoon Accessorize has seen its EBITDA fall 18% to £20m for the year ended 26 August 2023. The company stated that trading remained “difficult” despite pressures easing causing the profit drop. Group sales for Adena Brands, parent company of Monsoon Accessorize and East. fell 4% down to £248m. Despite this,…
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29 April
Lidl to invest £500m into British pork
Lidl GB has announced an investment of £500m into the British pork sector as it aims to ensure the continued production of ‘high quality British product”. As the fourth-largest retailer in the fresh pork category with an 11% market share, Lidl said it is taking action to address recent sector-wide…
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29 April
Ted Baker’s European arm faces collapse, 149 jobs at risk
The European arm of Ted Baker is reportedly at risk of entering administration with 149 roles at risk.According to Drapers, businesses operating the retailer’s bricks-and-mortar stores in the Netherlands, Belgium and Spain are at risk of entering administration. The process is reportedly dependent on each of the country’s systems. The…
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29 April
Sir Dickson Poon invests a further £25m in Harvey Nichols
Sir Dickson Poon, the owner of Harvey Nichols, will be investing a total of £32.5m in the retail group, having lent the department store £25.5m last week, with plans to invest a further £7m. The news, which is based on accounts filed at Companies House, comes as Poon aims to…
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29 April
N Brown chair steps down
N Brown has announced that Ron McMillan will be retiring as chair and stepping down from the board with effect from 30 April for personal reasons. McMillan has been on the N Brown board for 11 years. The board has resolved to appoint Steve Johnson, following McMillan’s departure, as interim…
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29 April
L Catterton acquires majority stake in Kiko Milano
Global consumer-focused investment firm L Catterton has announced that it has entered a definitive agreement to acquire a majority stake in the Italian beauty brand Kiko Milano from the founding Percassi family, who will retain a significant stake in the company. Founded in Bergamo, Italy in 1997 by Antonio and…
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26 April
Today’s news in brief-26/4/24
The Office for National Statistics (ONS) has reported a significant rise in shoplifting offences in England and Wales, reaching over 430,000 cases for the year ending December 2023—an increase of more than a third compared to the previous year. This marks the highest level in two decades. The ONS suggests…
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26 April
Aldi moves to 100% recycled plastic on soft drink and water bottles
Aldi has moved to 100% recycled plastic for its own-brand soft drinks and bottled water range in England and Wales. The move, which is rolling out across all products found in the soft drinks section of its stores, makes Aldi the first UK supermarket to shift its entire own-label soft…
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26 April
The Portman Estate boosts retail, leisure and cultural offer
The Portman Estate has signed five diverse new brands to boost Edgware Road, Marble Arch and the west side of Portman Marylebone’s retail, leisure and cultural offer. Moco Museum is joined by Maculara, ZULA Burger, WatchHouse Coffee and Mandy Zhang Art, highlighting the Estate’s “ongoing commitment to developing its balanced…
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26 April
Shoplifting hits record high in England and Wales
The number of shoplifting offences in England and Wales has reached its highest point in 20 years, according to new data from the Office for National Statistics. The number of shoplifting offences reached more than 430,000 for the 12 months ended December 2023, an increase of more than a third…
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