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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Jul- 2021 -5 JulySupermarkets
Morrisons set for bidding war after accepting ยฃ6.3bn offer
Rivalling private equity firms are reportedly preparing to engage in a bidding war for Morrisons after it accepted ยฃ6.3bn takeover offer yesterday (4 July). The UK supermarket chainโs board of directors accepted a 252p-a-share offer from private equity firm Fortress, rejecting an earlier bid Clayton Dubilier & Rice (CD&R) which…
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2 JulyPeople Moves
JD Sports shareholders vote out remuneration director
Shareholders at JD Sports have voted to remove the companyโs remuneration director Andrew Leslie following the unpopular decision to award executive chairman Peter Cowgill a ยฃ4.3m bonus. The decision was made at the companyโs AGM yesterday (1 July) after JD failed to convince enough institutional investors to vote for Leslie…
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Jun- 2021 -28 JuneHigh Street
DFS appoints new non-executive director
DFS Furniture has announced the appointment of Loraine Martins as an independent non-executive director of the company, effective immediately. Martins will be a member of the audit committee, nomination committee, and remuneration committees. Since 2012, she has been the director of diversity and inclusion at Network Rail, which is responsible…
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28 JuneSupermarkets
Scottish Grocers Federation partners with Paypoint
The Scottish Grocers Federation (SGF) has announced its new partnership with Paypoint, the instore payment service, which will join a corporate member of the trade associationโs board. As part of the partnership, both the SGF and Paypoint will focus on โrebuilding relationshipsโ with other retail partners coming out of the…
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28 JuneClothing & Shoes
Burberry CEO to step down
Burberry has announced that Marco Gobbetti will step down as CEO and leave the company after nearly five years at the helm. The board will now begin the search for his successor and anticipate that Gobbetti will remain with the retailer until the end of the calendar year. In that…
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23 JuneM&A
Inc Retail Group announces Tootsa MacGinty acquisition
Inc Retail Group, a part of Inc and Co, has reportedly announced the acquisition of childrenโs clothing brand Tootsa MacGinty for an undisclosed sum. According to Drapers, the newly formed Manchester group completed the takeover in a bid to bolster its core offering. The group added that the deal โfurther…
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21 JuneSupermarkets
Morrisons rejects ยฃ5.5bn CD&R takeover bid
Wm Morrison Supermarkets has rejected a ยฃ5.5bn takeover bid from the American private equity company, Clayton, Dubilier and Rice (CD&R). Submitted on 14 June, CD&Rโs offer was valued at 230 pence per Morrisons share for the entire share capital of the group. However, following a valuation with the supermarket chainโs…
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18 JuneEntertainment
Waterstones FY20 revenues decline 4.3% to ยฃ376m
Waterstones has reported a 4.3% year-on-year decline in revenues to ยฃ376m for the 52 weeks ended 25 April 2020. The books retailer also saw a contraction in profits after tax, falling 8.3% from ยฃ22.7m in FY19 to ยฃ20.8m in FY20. For consecutive years, no dividend was paid or declared during…
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18 JuneSupermarkets
Tesco sees sales slow in Q1
Tesco has revealed that group retail sales for the 13 weeks ended 29 May 2021 increased 1% on a like-for-like basis compared with 2019, which saw a 9.3% increase, despite the supermarket being open during the lockdown periods. Across the board, UK sales grew by only 0.5% to ยฃ10bn, accounting…
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15 JuneComment
Brightpearl: Bringing automation to the masses
The pandemic has undoubtedly changed almost all facets to modern life, and retail is no exception. After a year of lockdowns and restrictions, more people than ever before are turning to e-commerce and eschewing the traditional shopping experience, and retailers need to keep up. This shift was already in the…
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