Expansion
This coverage examines retail expansion strategies and activities within the UK market. Reporting highlights store openings, market entry plans, international growth, investment in new formats, and leadership decisions driving growth. With a focus on commercial opportunities and competitive positioning, it provides insights for executives and managers overseeing strategic development and operational rollout.
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Apr- 2024 -30 AprilNews
Morrisons completes £2.5bn petrol forecourts sale to MFG
Morrisons has successfully closed the sale of 337 Morrisons’ petrol forecourts and more than 400 associated sites on the Morrisons’ car parks to Motor Fuel Group (MFG) for £2.5bn. The transaction, which was originally announced in January, forms a new strategic partnership between the two companies. As part of the…
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29 AprilNews
Today’s news in brief-29/4/24
Ted Baker’s European operations are on the brink of administration, endangering 149 jobs. The potential collapse affects stores and concessions in the Netherlands, Belgium, and Spain. This development follows the appointment of restructuring firm Teneo as administrator of Ted Baker by its owner, Authentic Brands Group, after a £210m acquisition…
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29 AprilHealth & Beauty
L Catterton acquires majority stake in Kiko Milano
Global consumer-focused investment firm L Catterton has announced that it has entered a definitive agreement to acquire a majority stake in the Italian beauty brand Kiko Milano from the founding Percassi family, who will retain a significant stake in the company. Founded in Bergamo, Italy in 1997 by Antonio and…
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26 AprilPeople Moves
Co-op appoints new property, development and estates director
Co-op has appointed Rachel Hargreaves as its new director of property, development and estates in a bid to boost its strategic growth plans. Joining Co-op from Lidl GB, Hargreaves’ position involves a focus on ensuring Co-op is at the “forefront of landowners, developers and agents minds as the go-to convenience…
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23 AprilNews
Today’s news in brief-23/4/24
UK’s grocery regulator is closely monitoring Tesco’s imposition of online supplier fees akin to Amazon. The Grocery Code Adjudicator initiated assurance processes after Tesco’s move to charge extra for online sales last year. Tesco claims rising online operation costs prompted the fee, starting at 12p per branded item and 5p…
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19 AprilClothing & Shoes
Mint Velvet to open new store at centre:mk
British womenswear brand Mint Velvet has announced it will open a key regional store at centre:mk in Milton Keynes. Set to open this Summer, Mint Velvet’s 2,800 sq ft debut store will be located on centre:mk’s premium Silbury Arcade and will stock a full collection of their womenswear, footwear and…
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18 AprilDIY
Bensons for Beds appoints new CCO
Bensons for Beds has announced the appointment of Mark Slater as chief commercial officer (CCO), which will see him become part of the retailer’s executive team. Having joined the business in an interim capacity in February, Slater brings with him experience from the executive team of Howdens. Prior to that,…
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18 AprilPeople Moves
Harvey Nichols appoints new CEO
Harvey Nichols has appointed Julia Goddard, EMEA president of Alexander McQueen, as its new chief executive officer, effective June 2024. Goddard’s appointment comes after Manju Malhotra, who served as CEO for 25 years, resigned last August. Before joining Harvey Nichols, Goddard spent 14 years at Alexander McQueen, where she led…
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16 AprilNews
Today’s news in brief-16/4/24
Superdry has announced a restructuring plan targeting rent reductions across 39 UK stores. The company, seeking to secure its future amidst financial challenges, will undergo a delisting from the stock exchange. Founder Julian Dunkerton is underwriting an equity raise of up to £10m to support the initiative. While store closures…
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16 AprilElectrical
Marks Electrical FY sales hit record £114.3m
Online white goods retailer Marks Electrical has reported record full-year revenues of £114.3m for the 12 months ended 31 March 2024. Marks said thanks to the 16.9% increase in sales, it managed to improve market share in the Major Domestic Appliances and Consumer Electronics markets. It also revealed that its…
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