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.
-
Oct- 2019 -9 October
Links of London enters administration placing 350 jobs at risk
British jewellery brand Links of London has entered administration, placing around 350 jobs at risk. Matt Smith and Dan Smith, restructuring partners at Deloitte, have been appointed as joint administrators to the company. The brand is owned by the Greek Folli Follie Group, with headquarters in London, and sells luxury…
Read More » -
9 October
Hays Travel to acquire entire Thomas Cook UK retail estate
Independent travel agent chain Hays Travel is to acquire Thomas Cook’s entire UK retail estate, in a move that could save up to 2,500 jobs. The travel agent will acquire a total of 555 stores around the UK, providing re-employment opportunities for a “significant” number of former employees of Thomas…
Read More » -
9 October
Kingfisher appoints new CFO
DIY retailer Kingfisher, which owns B&Q, has appointed Bernard Bot as its new chief financial officer (CFO). Bot will take up the role on 21 October 2019 and will be appointed to the board of directors on that date. He will also become a member of the group executive team.…
Read More » -
9 October
Toys R Us partners with Target to relaunch website
Collapsed toy retailer Toys R Us has relaunched online after its owner TruKids announced a partnership with American retail giant Target to help power its e-commerce offering. Target’s toy assortment, digital capabilities and fulfillment services allows Toys R Us to have an online presence as it prepares to launch a…
Read More » -
9 October
M&S names new food directors ahead of £750m Ocado Partnership
Four new directors have been appointed to strengthen the senior team at Marks & Spencer’s food business before its tie-up with Ocado. According to The Times, Tesco strategy director Pav Anand has been appointed as head of food strategy and Sainsbury’s head of technical, Lisa Raschia is now head of…
Read More » -
8 October
M&S relaunches its Per Una brand
Marks and Spencer has launched its first major campaign in over five years for its most recognised sub-brand – Per Una. Marks and Spencer said the campaign is designed to introduce its customers to the “all new per una” following the brand’s “significant refresh”. The retailer added that the move…
Read More » -
8 October
Fears over Pizza Express restaurants as debt talks emerge
Pizza Express has reportedly hired advisors to help its debt situation, sparking fears that it could be the next chain to collapse. According to Pizza Express’ latest annual report, the 470-store pizza chain restaurant finished last year with a £1.12bn debt after a pre-tax loss of £55m. The pizza chain’s…
Read More » -
8 October
Ikea could face large EU back-tax bill
Swedish furniture giant Ikea is facing the possibility of having to pay millions of euros in back taxes, as the European Commission nears its investigation into the company. According to CityAm, the two-year probe into Ikea, which was launched after its parent company Inter Ikea was found to have avoided…
Read More » -
7 October
Ex-BHS owner Dominic Chappell denies tax fraud
The former owner of BHS Dominic Chappell has denied he avoided paying £500,000 in tax. Chapell pleaded not guilty to three charges of tax evasion at Southwark Crown Court. The charges allege that he failed to register his former finance company Swiss Rock for taxes from the correct date, gave…
Read More » -
7 October
Update: Sports Direct clarifies House Of Fraser store rumours
Sports Direct has moved to deny reports that it is looking to close the majority of its House of Fraser stores in the new year, claiming it has entered into new leases on the majority of House of Fraser stores. Previous coverage suggested that Sports Direct was either not paying…
Read More »
