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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Dec- 2023 -4 December
Today’s news in brief-4/12/23
The owner of Jollyes, private equity firm Kester Capital, is reportedly considering a sale of the UK pet retailer for around £100m, according to sources. City insiders revealed that Kester Capital is collaborating with financial advisors at Houlihan Lokey to explore various “strategic options” for the business. Jollyes, currently operating…
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4 December
Nisa appoints new head of central operations
Nisa has announced that Michelle Scott-Jones has been promoted to become its new head of central operations. Scott-Jones joined Nisa in 1994 and successfully operated as administration manager and then support and planning manager until 2015. She was offered the position of business manager in trading support in 2019 –…
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4 December
Majestic bolsters property team with two new roles
Majestic, the specialist wine retailer, has made two key appointments in its property team as the business gears up to accelerate its “ambitious” store opening plans. The retailer has created two new roles – director of estates and acquisitions, and director of format development and new store operations – as…
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4 December
EE boss vows to take on Amazon and Currys
EE boss Marc Allera is planning to take on Amazon and Currys in a bid to become one of the UK’s biggest sellers of electrical goods, according to This is Money. According to the outlet, Allera stated that he wants customers to make purchases “every day and every week”. His…
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4 December
Lush CEO blames govt for high street decline
Lush CEO Mark Constantine has attributed the decline of the high street to the Conservative government’s decision to cut council finances, The Times has reported. Constantine told The Times that high streets in Britain are “deserted” due to more local councils being pushed into a state of bankruptcy by a…
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4 December
Jollyes owner mulls £100m sale
The owner of Jollyes, private equity firm Kester Capital, is considering a sale of the pet retailer for around £100m, according to reports from The Times. City sources told The Times that Kester Capital, is working with financial advisors at Houlihan Lokey on “strategic options” for the business. Jollyes currently…
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1 December
Today’s news in brief- 1/11/23
Matthew Moulding, the founder of THG, has acquired a 3.2% stake in Kelso Group, a shareholder critical of THG’s business leadership. Moulding’s investment of approximately £300,000 comes amid Kelso’s consistent claims that THG is undervalued, advocating for the separation of its divisions. Kelso, launched in 2022, raised £3m to invest…
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1 December
Seven Dials enhances retail offer
Shaftesbury Capital has announced that five new brands have joined the Seven Dials neighbourhood located within its Covent Garden portfolio. Incorporating a mixture of UK debuts and permanent brick-and-mortar locations, these new additions continue to demonstrate the destination’s ongoing appeal in attracting independent and innovative brand debuts, as well as…
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1 December
THG founder takes 3.2% Kelso Group stake
THG founder Matthew Moulding has taken a 3.2% stake in Kelso Group, the shareholder that has been critical of his business leadership style. Moulding is said to have made an investment of around £300,000. Kelso was launched in 2022 with the backing of a number of high net worth individuals…
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1 December
Claire’s names Chris Cramer new CFO and COO
Claire’s has named Chris Cramer as its new chief financial officer and chief operating officer, having recently served as president of Parade, a Gen Z-focused lingerie and lifestyle clothing brand. Prior to that, Cramer spent over 20 years at Bath and Body Works in a variety of leadership roles including…
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