BHS
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Jun- 2025 -3 JuneProperty
Northern Ireland’s Abbey Centre sold to new owner for £59m
Abbey Centre in Northern Ireland has been sold by NewRiver to The Herbert Group of Companies in an off market deal for £58.8m. The 320,000 sq ft shopping centre, located six miles north of Belfast City Centre in Newtownabbey, houses over 70 shops and has a “strong” convenience offer, together…
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Oct- 2024 -18 OctoberAdvice
Retail lessons from Shahnila Rashid: Topshop, TK Maxx, and beyond
From the rise of fast fashion to the digital disruption that has reshaped consumer behavior, Shahnila Rashid’s journey through the world of merchandising, buying, and retail strategy has provided her with unparalleled insights into both the triumphs and the challenges that come with the territory. Starting her career at Topshop,…
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4 OctoberPeople Moves
M&S Clothing & Home MD joins Refined Networks as NED
M&S Clothing and Home managing director Richard Price has been appointed as a non-executive director at Refined Networks, the global platform for cross-border digital commerce. The non-executive appointment comes at a time of rapid expansion for Refined Networks. Since 2021, the company has partnered with over 40 international fashion brands…
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Sep- 2024 -30 SeptemberClothing & Shoes
Former Missguided owner in talks to buy Kurt Geiger
Alteri Investors, former owner of Missguided, is reportedly among a number of parties in discussions to buy Kurt Geiger, according to Sky News. City sources told Sky that the talks were at an early stage and were not being held on an exclusive basis. Several other parties are also considering…
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Jun- 2024 -26 JuneNews
Today’s news in brief
Former BHS owner Dominic Chappell has been ordered to pay at least £50m by a High Court judge for the losses incurred by the high street chain before its collapse. Chappell, who bought BHS for £1 from Philip Green, faces charges from liquidators for wrongful trading, misfeasance, and breach of…
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26 JuneHigh Street
Dominic Chappell ordered to pay £50m over BHS collapse
Former owner of BHS Dominic Chappell has been ordered to pay at least £50m to cover the losses incurred by the high street chain prior to its collapse, according to the Financial Times. A High Court judge has ruled that Chappell, who acquired the business for £1 from Phillip Green,…
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12 JuneNews
Today’s news in brief-12/6/24
The UK economy stalled in April 2024, showing no growth after a 0.4% increase in March, as wet weather significantly dampened consumer spending, according to the Office for National Statistics. Services output did rise by 0.2% for the fourth consecutive month and grew by 0.9% over the three months to…
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12 JuneNews
Ex-BHS directors fined £13m over ‘wrongful trading’
Two former directors of department store chain BHS have been ordered to pay at least £13m to creditors over their involvement in the collapse of the retailer in 2016. High Court judge Justice Leech has fined Lennart Hennington and Dominic Chandler £6.5m each after finding them liable for wrongful trading…
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Apr- 2024 -15 AprilNews
Today’s news in brief-15/4/24
Dr. Martens has initiated legal action against online retailer Temu for alleged trademark infringement. Dr. Martens claims that Temu used keywords like “Dr. Martens” and “Airwair” in Google ads to promote its boots, gaining visibility over Dr. Martens’ authentic products. While the lawsuit was filed in the High Court, the…
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15 AprilPeople Moves
Former BHS owner recalled to prison for breach of licence
Dominic Chappell, the former owner of BHS, has been made to return to HMP Guys Marsh in Dorset for breach of his licence conditions, The Times has reported. The news follows his recent release in November 2023, having served half of his six-year sentence for tax evasion. The businessman, who…
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