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- 2024 -28 FebruaryNews
Today’s news in brief-28/2/24
Shein is reportedly contemplating shifting its Initial Public Offering (IPO) from New York to London amidst anticipated regulatory hurdles in the US due to its Chinese affiliations. The move would mark one of London’s largest IPOs ever. Chancellor Jeremy Hunt has engaged in talks with Shein’s chairman, Donald Tang, urging…
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28 FebruaryM&A
Jollyes acquired by TDR Capital
Jollyes has been acquired by TDR Capital from previous owners Kester Capital, for what Kester calls a 4.2x return on investment. The investment, expected to be completed by the end of March, will enable Jollyes to continue to grow its store estate at pace. Upon completion of the deal TDR…
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28 FebruaryNews
Very Group secures £125m funding package amid £2m loss
The Very Group has announced it will receive a £125m funding package from investment firms Carlyle and IMI to support its growth strategy as it reported £2m half-year loss. The funding package, of which £85m will be provided by Carlyle Global Credit and a further £40m by Abu Dhabi-based IMI,…
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26 FebruaryNews
Today’s news in brief-26/2/24
Frasers Group has announced the appointment of four new directors to its board, signalling a significant restructuring move. Among the appointees are David Al-Mudallal, the current chief operating officer, and Ger Wright, the managing director of Sports, who are elevated to executive director roles due to their notable contributions. Additionally,…
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26 FebruaryClothing & Shoes
Frasers appoints four new directors
Frasers Group has announced the appointment of four new directors to its board. David Al-Mudallal, chief operating officer at Frasers and Ger Wright, managing director of Sports, have joined the board as executive directors following their “significant contribution” to Frasers Group in their existing roles. Al-Mudallal joined the group in…
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21 FebruaryElectrical
Currys shareholder Redwheel warns of stock market decline
Currys’ largest shareholder, Redwheel, has warned that more foreign firms will begin to circle London companies after the electronics retailer rejected a takeover bid from US hedge fund Elliott, The Telegraph has reported. Redwheel, which holds 14.6% of shares in Currys, said it was in “complete agreement” with the retailer’s…
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21 FebruaryDepartment Stores
Angling Direct sees group revenues rise to £81.7m
Fishing tackle retailer Angling Direct has reported a 10.2% increase in revenue to £81.7m for the year ended 31 January 2024, despite facing a “challenging” consumer landscape and disruption to fishing caused by storms in the final few weeks of FY24. The group’s UK store sales were up 7.6% to…
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20 FebruarySupermarkets
Central Co-op opens new store in Hethersett
Central Co-op has officially opened its doors in Hethersett, creating 15 jobs for those living in the area. To celebrate the opening, Central Co-op welcomed customers and members into the store for the first time, as well as Norwich foodbank and 10 pupils from years four, five and six at…
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20 FebruaryNews
DukesHill appoints new non-executive chairman
DukesHill Ham Company has appointed Chris Dee, former director of food and home at Harrods and CEO of Booths, as its new non-executive chairman. Dee brings three decades of food and drink retail, hospitality and FMCG experience, having specialised in the premium and luxury sectors. Alongside his previous executive experience…
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19 FebruaryNews
Today’s news in brief-19/2/24
Nike has announced plans to cut 1,600 jobs, approximately 2% of its workforce, in response to disappointing sales figures in the latter half of 2023. This move comes as the company seeks to streamline operations and focus on key growth areas, such as running, women’s apparel, and the Jordan brand.…
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