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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Oct- 2023 -25 OctoberClothing & Shoes
Asos delays FY23 full-year results
Asos has announced that it is due to delay the publishing of its FY23 results by one week to 1 November 2023. The company stated that the delay is to allow its auditor, PwC, to complete its planned testing. PwC has assured the Asos board that the outstanding procedures are…
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24 OctoberM&A
ScS to be acquired by Italian firm Poltronesofà in £99.4m deal
Furniture retailer ScS has revealed it has agreed to be acquired by Italian brand Poltronesofà in a £99.4m deal. SCS’s board said the deal, which represents a premium of 66 per cent. to the Closing Price per ScS Share of 169 pence on 23 October 2023, has been recommended to…
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24 OctoberSport & Leisure
Angling Direct revenues up 11.4% in H1
Fishing and tackle equipment retailer, Angling Direct, revealed that group revenues increased by 11.4% to £43.3m in the six months ended 31 July. This comes as the group’s retail store estate experienced another strong period of growth, with total store sales increasing by 11.3% against H1 FY23. Meanwhile, UK online…
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16 OctoberNews
Today’s news in brief-16/10/23
Next has finalised the acquisition of FatFace for £115.2m, with a portion of the payment made in cash and the remainder in Next’s shares. Following the transaction, Next will hold 97% of the equity, while FatFace’s management will retain 3%. FatFace will continue to operate autonomously with its own board…
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16 OctoberFeatures
Sasha Radic: ‘Beauty is both high growth and resilient’
Can you tell us a little bit about your career so far? I am a managing director at Jefferies, spearheading our beauty and wellness practice. I’ve been in investment banking my entire career and couldn’t imagine a better way to enable and drive the growth in this industry. As such,…
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16 OctoberHigh Street
Next acquires FatFace for £115.2m
Next has signed terms to acquire FatFace for £115.2m, which will be partly settled in cash and by the issue of the retail group’s shares and management equity rolling over into the new structure. According to Next, the transaction will not materially impact the group’s underlying profit before tax or…
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12 OctoberClothing & Shoes
N Brown profit before tax falls 97%
N Brown has announced that its profit before tax fell 97% from £4.3m to £0.1m for the 26 weeks ended 2 September 2023. Furthermore, the group’s revenue contracted 10.4% to £297m for H1 24 compared with £331.5m in the same period last year. The company put this fall down to…
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11 OctoberNews
Currys to consider offers for Greek business
Currys has announced that it is weighing up offers for its Greek business Kotsovolos after commencing a strategic review in June. The tech retailer said it has been approached by “several potential buyers” but it is not sure whether the sale will go ahead yet. Kotsovolos started as a small…
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9 OctoberNews
Waitrose in talks with Amazon over grocery deal
Waitrose is reportedly in talks with Amazon to consider selling groceries on the platform in a bid to regain market share lost to other discount retailers, The Telegraph has revealed. The pair are reportedly considering a new third-party deal, three years after Waitrose severed ties with Ocado. Recently, Amazon struck…
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3 OctoberPeople Moves
John Lewis’ next chairman could be part-time
John Lewis’ next chairman could reportedly be offered a part-time role following suggestions from Dame Sharon White in order to help attract high-level talent as her successor, according to The Telegraph. It comes as White is expected to step down from her role in early 2025 after she told the…
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