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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Aug- 2021 -9 AugustSupermarkets
Morrisons gives CD&R more time to launch rival offer
Clayton, Dubilier and Rice (CD&R) has been given more time to launch a rival offer for Morrisons. The supermarket asked the UK Takeover Panel, which regulates market activity, to give CD&R more time following the news that rival private equity firm Fortress Investment Group had upped its offer to ยฃ6.7bn.ย …
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6 AugustSupermarkets
Morrisons agrees to raised ยฃ6.7bn Fortress takeover offer
Morrisons has announced that it has reached an agreement with Fortress Investment Group for a revised takeover offer worth ยฃ6.7bn. The increased offer of 270p per share plus 2p in special dividend represents an increase of approximately ยฃ400m to Fortressโ original offer value. In a statement, the supermarket stated that…
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5 AugustDIY
ScS โencouragedโ by strong trading
ScS has been โencouragedโ by a period of strong trading in FY21, despite stores being closed for 17 weeks of the period, with its full year like-for-like order intake down by only 6.5% on 2019.ย The group said that when stores have been open, performance has been โencouraginglyโ strong, with…
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5 AugustHigh Street
Mike Ashley confirms plans to step down as head of Frasers
Mike Ashely has confirmed that he will step down as head of Frasers Group, as the business revealed its most recent full year trading profits, which showed a 84.1% decrease in pre-tax profits due to Covid-19.ย The group which owns brands such as Jack Willis and Evan Cycles said that…
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4 AugustPeople Moves
Ted Baker appoints two new non-executive directors
Ted Baker has announced the appointment of Fumbi Chima and Meg Lustman as independent non-executive directors of the company.ย Fumbi Chima is currently executive vice-president and chief information officer at BECU, the US-based credit union.ย She has also previously served similar roles at Adidas, Fox Network Group, Burberry, Walmart Asia’s…
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3 AugustClothing & Shoes
VF Corp H1 revenues soar 104% to $2.2bn
VF Corporation, the apparel and footwear group, saw revenues increase 104% year-on-year to $2.2bn (ยฃ1.58bn) in H1 FY22. The owner of Vans, The North Face, and Dickies also reported a swing to $324m (ยฃ232m) net income for the period, up from net losses of $286m (ยฃ205m) in FY21. In turn,…
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3 AugustDepartment Stores
Mike Ashley’s Frasers Group pens letter urging MPs for Debenhams probe
Mike Ashleyโs Frasers Group has reportedly sent a letter to parliament urging them to launch an independent investigation into Debenhamsโ collapse in 2019.ย According to Sky News, which reports it has seen the letter from Frasers CFO Chris Wootton, the letter claims that the Debenhams board was culpable for its…
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Jul- 2021 -28 JulySupermarkets
GIC joins Fortress-led Morrisons takeover bid
GIC, a Singapore investment firm, has joined the ยฃ6.3bn Fortress-led consortium bid for Morrisons. A filing on the London Stock Exchange revealed that GIC will join the efforts of Oppidum Bidco, a newly formed company indirectly owned by funds managed by Fortress, as an additional co-investor. In turn, the bid…
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28 JulySupermarkets
Morrisonsโ largest shareholder ‘not inclined’ to back ยฃ6.3bn Fortress offer
Morrisonโs largest shareholder Silcherster has said it is โnot inclinedโ to support the ยฃ6.3bn takeover that has been accepted by the company’s board.ย The investment firm, which owns a 15.1% stake in the โBig Fourโ Grocer, has said it believes more time should be given for a rival bid to…
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23 JulyHigh Street
Hotel Chocolat raises ยฃ40m in stock market debut
Hotel Chocolat has announced the completion of the placing of ordinary shares at ยฃ0.1p each raising gross proceeds of ยฃ40m on the London Stock Exchange. Having received strong demand from existing shareholders and other institutional investors, a total of 11,112,913 new ordinary shares were placed at a price of 355p…
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