France
This coverage focuses on retail developments in France that are relevant to UK retail professionals, highlighting market trends, store openings and closures, cross-border strategies, leadership moves, and regulatory changes. Reporting provides insights into how French retail dynamics influence and intersect with UK businesses, supporting managers and executives monitoring international opportunities and challenges.
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Dec- 2020 -21 DecemberNews
Hammerson seeks admission to Euronext Dublin
Retail property management group Hammerson has revealed its intention to seek admission to Euronext Dublin and to trade on the main securities market of Euronext Dublin before Britain leaves the EU. In a statement the company which owns London’s Brent Cross shopping centre said it is “seeking a secondary listing…
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4 DecemberClothing & Shoes
Primark posts £430m sales hit amid second lockdown
Primark was hit with a £430m sales loss following international lockdowns this autumn, according to Associated British Foods (ABF). Primark stores in the group’s major markets, including England, the Republic of Ireland, France and Belgium reopened in the last week, however, with ABF noting that sales have been “very strong”…
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Nov- 2020 -6 NovemberClothing & Shoes
Superdry H1 revenues fall 23.3%
Superdry has announced that total revenue fell by 23.3% in the half-year period ended 24 October 2020, reflecting the challenging trading environment attributed to the continued disruption from Covid-19. Like-for-like store trading in the last six weeks of H1 was down 32.4%, with UK trade impacted by continued social distancing…
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3 NovemberClothing & Shoes
ABF profit slumps as Primark hit by £2bn loss
Associated British Foods, the parent company of Primark, has announced that statutory operating profit tumbled 40% to £810m in the full-year ended 12 September 2020. In the same period, group revenue fell by 12% to £13.9bn following the impact of the ongoing pandemic. The full year decline in group revenue…
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2 NovemberClothing & Shoes
Primark warns of £375m lockdown hit
The parent company of Primark has warned that the retailer will face a £375m hit to sales, in an update issued ahead of the nationwide lockdown that begins this week. As of today (2 November), all Primark stores in the Republic of Ireland, France, Belgium, Wales, Catalonia in Spain and…
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Oct- 2020 -23 OctoberClothing & Shoes
Gap considers closure of all European stores
Gap has launched a strategic review for its European business that may result in the possible closures of company-operated stores in the UK, France, Ireland and Italy at the end of Q2 2021. In addition, it is reviewing its warehouse and distribution model, as well as its Gap and Banana…
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Sep- 2020 -30 SeptemberShopping Centres
Hammerson appoints Rita-Rose Gagné as CEO
Hammerson has announced the appointment of Rita-Rose Gagné as its new chief executive officer and executive director. Gagné was most recently president of Growth Markets at the global real estate company Ivanhoé Cambridge where she had responsibility for $7.6bn (£5.9bn) of real estate assets across Asia Pacific and Latin America.…
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22 SeptemberShopping Centres
Hammerson eyes Ivanhoé Cambridge boss as new CEO
Shopping centre owner Hammerson is reportedly considering appointing the boss of Ivanhoé Cambridge – part of Canadian pensions giant Caisse de Dépôt et Placement du Québec – to become its new CEO. According to The Sunday Times, Rita-Rose Gagné, president of growth markets at the Montreal-based firm, has been sounded…
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18 SeptemberLuxury Goods
LVMH set to block Tiffany’s court petition
LVMH has announced it plans to block a court petition launched by jewellery company Tiffany & Co, who is attempting to fast-track legal proceedings after LVMH exited a proposed $16bn (£12bn) merger. The Louis Vuitton owner had agreed to the merger last year, but pulled out last week due to…
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11 SeptemberNews
LVMH plans counter lawsuit against Tiffany & Co
LVMH has announced it plans to file a counter lawsuit against Tiffany & Co after the collapse of a takeover deal. Tiffany & Co filed a lawsuit against the company after LVMH cancelled its proposed $16.2bn (£12.4bn) acquisition of the French luxury retailer earlier this week. The initial lawsuit was…
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