Administration

CMA nears approval for Topps Tiles’ acquisition of CTD Tiles

The Competition and Markets Authority (CMA) has confirmed it is nearing a green light for Topps Tiles’ £9m acquisition of…

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Today’s news in brief-24/2/25

Shein, the global online fashion retailer, saw its profits plummet by 40% to $1bn in 2024. The company faced a…

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Asda avoids penalty amid missed deadline for IT upgrade

Asda has reportedly avoided a financial penalty after its former owner Walmart agreed to move back a deadline for the…

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Today’s news in brief-20/2/25

Fashion retailer Quiz has appointed administrators to its subsidiary Zandra Retail, resulting in the closure of 23 loss-making stores and…

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UK retail CEO appointments fall sharply as female leadership halves

UK retail CEO appointments dropped by 20% in 2024 to just 22, continuing a decade-long decline in leadership appointments within…

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Today’s news in brief-14/2/25

The fast fashion retailer In The Style is reportedly preparing to appoint administrators as its financial struggles deepen. Acquired by…

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How Trump’s tariffs could affect UK retailers

US President Donald Trump has spent his first few weeks in power threatening to and actioning a number of moves…

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In The Style owners line up administrators

In The Style is reportedly on the brink of insolvency less than two years after it was sold to Baaj…

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Today’s news in brief-13/2/25

Fast-fashion giant Shein is relocating some Chinese supplier operations to Vietnam to circumvent U.S. tariffs imposed during the Trump administration,…

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Shein to look to Vietnam to avoid Trump tariffs

Shein has asked some of its Chinese suppliers to set up production capacity in Vietnam in a bid to bypass…

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