Month: November 2019

Sir Philip Green in talks with lenders to raise £300m before Christmas

Arcadia owner Sir Philip Green is reportedly in talks with specialist lenders about acquiring a £300m loan before Chritsmas in order to pay off the loan secured against Arcadia’s flagship Oxford Street Topshop store. According to the Sunday Times, to meet the repayment deadline next month Green is in talks…

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Clintons in talks over possible CVA

Card and gift retailer Clintons could be eyeing up a potential CVA, after the retailer wrote to landlords last week inviting them to a “series of town-hall meetings” to discuss “possible closures and rent cuts”. According to Sky News, talks are set to start this week on what will happen…

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New flagship River Island store opens in Grosvenor Shopping Northampton

Fashion retailer River Island has opened a new flagship store in Grovesnor Shopping Northampton. The announcement comes from LGIM Real Assets (Legal and General), which revealed that the new unit will operate over 11,000 sq ft, with two trading levels of space.  Following the centre’s refurbishment in 2015, this development…

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Mothercare to appoint administrators, placing 2,500 jobs at risk

Mothercare has announced that it will appoint administrators, less than 18 months since it launched a CVA. The children’s company, which operates 79 high street stores across the UK, said it will file a notice of intent today, placing 2,500 jobs at risk. It is believed that only 500 full…

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How personalised strategies transform one-off festive buyers into loyal customers

News reports about post-Christmas sales slumps are becoming as traditional as turkey and stuffing. Whether it’s gifts for the kids or the dogs, everyone has a reason to shop during the festive season and any resulting casualties show just how competitive the retail landscape really is. With new customer acquisition…

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Mike Ashley’s holding company sees profits plunge 80% in 2018

Mike Ashley’s holding company, Mash Holdings, saw pre-tax profits plunge by 80% to £20.9m in 2018, according to recently filed accounts on Companies House. The group attributed the profits decline to its performance during the 2017 financial year, when the company saw increased profits from the sales of Dunlop and…

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Phillip Day loses £5.7m equity following Bonmarche collapse

Phillip Day has lost his £5.7m equity investment in Bonmarche, following its collapse into administration last month.  Spectre Holdings Ltd, owned by Phillip Day, lost its multi-million investment when administrators from FRP were appointed to handle the administration process, In-Cumbria reported. Spectre provided Bonmarche with working capital and a “cost…

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