Administration

Heal’s flagship refurb is ‘a step towards commercial viability’

With Habitat having been acquired by Sainsbury’s early on in 2021 and seeing how Next also bought the scraps leftover…

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Frasers Group considers sale of Pretty Green

Frasers Group is recently considering selling Liam Gallagher’s fashion brand Pretty Green, Drapers has revealed.   The company was part of…

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UK economy shrinks 0.3% in March

Monthly real gross domestic product (GDP) is estimated to have fallen by 0.3% in March 2023, after showing no growth…

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Planet Organic owed creditors £12.5m before rescue deal

Planet Organic owed creditors more than £12.5m when it fell into administration last month, The Grocer has reported.  According to…

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Regulator to investigate Joules auditor Deloitte

The Financial Reporting Council (FRC) has launched an investigation in relation to Deloitte’s audit of clothing retailer Joules.  The investigation…

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Will retailers of organic produce make a comeback?

Whole Foods, which was acquired by Amazon in August 2017, started off the year with a cut-and-dried plan to invest…

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BrandAlley UK acquires Internet Fusion Group

Online retailer of off-price luxury brands, BrandAlley UK, has announced its acquisition of certain assets belonging to Internet Fusion Group,…

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Planet Organic founders acquire grocer out of administration

Bioren Limited, whose shareholders include the founders of Planet Organic, Renée and Brian Elliott, has beaten out competition from Sainsbury’s…

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Retail profit warnings fall to lowest level since 2020

UK-listed retailers issued five profit warnings in Q1 2023, marking a decrease from the nine issued in both Q4 2022…

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H&M creates new youth destination with Weekday and Monki merger

H&M has announced plans to create a new youth destination by merging two of its portfolio brands, Weekday and Monki.…

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