Board
This coverage highlights board-level developments shaping the UK retail industry, from executive appointments and leadership reshuffles to governance strategy and corporate direction. Retail Sector reports on boardroom changes across major retail brands, supermarkets, and e-commerce operators, analysing how leadership decisions influence company performance, culture, and market positioning. Coverage includes director appointments, succession planning, governance best practices, and strategic decision-making at the highest levels. For retail professionals, these insights illuminate how leadership dynamics drive operational change, investor confidence, and long-term growth across the sector.
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Feb- 2021 -3 FebruarySupermarkets
EG Group to acquire Asda’s forecourt business in ยฃ750m deal
The EG Group, part of the consortium that is set to acquire โBig Fourโ Grocer Asda in a ยฃ6.8bn deal, has announced it will also acquire Asdaโs petrol forecourt business for ยฃ750m. EGโs acquisition of the forecourt business is subject to the same CMA regulatory clearance being received by the…
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3 FebruaryGovernment
Buy-now-pay-later to be regulated following FCA review
Buy-now-pay-later schemes are set to face stricter regulations and controls after the Financial Conduct Authority (FCA) published a review into the unsecured credit market.ย BNPL products have seen a โrapidโ increase in popularity as the pandemic has continued to drive online shopping. These purchases nearly quadrupled in 2020, with sales…
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Jan- 2021 -29 JanuaryClothing & Shoes
H&M FY profits fall 88%
H&M has revealed the extent of damage coronavirus has had on its business, with profit crashing 88% to SEK 2.05bn (ยฃ179m) in its full-year results, down from SEK 17.4bn (ยฃ1.5bn) the year before.ย In the full-year ended 30 November 2020, net sales also fell by 18% to SEK 187bn (ยฃ16.3bn),…
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28 JanuaryHigh Street
Retail venture snaps up Knomo
Inc Retail Group, a newly formed arm of the Manchester-based digital brand company Inc and Co, has acquired the bags and accessories retailer Knomo. The transaction represents Incโs debut into the retail sector, and marks the beginning of a three-year โgrowth and development planโ. The expansion plans will be led…
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28 JanuaryHigh Street
ScS reports sales rise in half-year results
ScS has reported a sharp rise in sales in its half-year results due to benefitting from an impressive order intake during the summer, as well as a strong first quarter trading. The sofa retailer posted a gross sales increase of 13.9% to ยฃ182.3m in the 26 weeks to 23 January.…
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26 JanuaryClothing & Shoes
JD Sports mulls ยฃ400m share placing
JD Sports Fashion is reportedly eyeing up an equity sale of around ยฃ400m as it โeyes further opportunitiesโ to expand across the globe.ย According to Sky News, the groupโs board is considering launching the placing as early as this week, with insiders stating that the amount will be โin the…
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25 JanuaryM&A
Asos joins the Topshop race
Asos has emerged as a contender to acquire Topshop, just days after highstreet retailer Next was forced to pull out of the race.ย In an update to the London Stock Exchange, the digital fashion retailer confirmed that it was in โexclusive talksโ with Arcadia administrators to purchase the Topshop, Topman,…
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22 JanuaryPeople Moves
EG Group appoints Lord Stuart Rose as chair
The Issa Brothersโ EG Group has announced the appointment of Lord Stuart Rose as non-executive chairman with immediate effect. Lord Rose is currently chairman of Ocado plc, a post from which he will retire in May after more than eight years as chair. He previously served as chief executive and…
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19 JanuaryHigh Street
Hotel Chocolat’s multi-channel model sees sales boost
Hotel Chocolat has reported a 19% rise in total group revenue in the 13 weeks to 27 December thanks to its multi-channel model, according to the companyโs latest trading update. The chocolatier said strong online growth in the UK assisted the business as the pandemic led to temporary store closures…
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18 JanuaryOnline & Digital
Barclay family mulls ยฃ3bn Very Group float
The Barclay family is reportedly eyeing up a ยฃ3bn float of online retailer Very Group, according to reports from Sky News.ย The billionaire family, who owns the business, is said to be in the early stages of exploring plans for the flotation in a bid to โcapitalise on exploding investor…
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