Month: October 2020
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Oct- 2020 -5 OctoberClothing & Shoes
Mulberry swings to full-year loss
Mulberry has announced that group revenue fell by 10% to £149.3m in the full-year ended 28 March 2020, in light…
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2 OctoberSupermarkets
Asda sold at £6.8bn to billionaire Issa brothers
Walmart has confirmed the Issa brothers and TDR Capital have taken equal shareholdings in an acquisition of Asda which values…
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2 OctoberClothing & Shoes
Clarks pension trustees call in advisers
Pension trustees at shoe retailer Clarks have reportedly drafted in advisors as they seek to secure additional finance for the…
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2 OctoberCoronavirus
Nearly half of UK firms report Q3 sales decrease
Business conditions remain weak in the third quarter of 2020, despite “much of the economy” reopening, according to the latest…
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2 OctoberClothing & Shoes
M&S launches third-party fashion brand partnership
Marks and Spencer has begun stocking independent fashion brands on its site, with debut partner Nobody’s Child launching yesterday (1…
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2 OctoberHealth & Beauty
The Hut Group acquires Perricone for £46m
The Hut Group has acquired Perricone MD, a US luxury skincare brand, in a $60m (£42m) deal. The sale follows…
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1 OctoberGovernment
Retail coalition calls for government inquiry on retail violence
Several retail trade bodies have formed a coalition to call on parliament to launch an inquiry on retail violence, in…
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1 OctoberClothing & Shoes
H&M to close stores as online sales rise
H&M has announced that it is planning to close around 250 stores next year, as more of its customers shift…
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1 OctoberNews
Sainsbury’s expands online delivery capacity
Sainsbury’s has announced plans to expand its online grocery capacity to deliver 700,000 weekly orders by the end of October.…
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1 OctoberDIY
Kingfisher offloads Russian chain in £73m deal
B&Q and Screwfix owner Kingfisher has announced it has offloaded Castorama Russia to Russian home improvement firm Maxidom in a…
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