France

Asda acquires EG Group’s UK business for £2bn

Asda has completed its acquisition of EG Group’s UK business in a deal valued at £2bn.  The move has seen…

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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…

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How much is the ‘tourist tax’ harming retailers

The Centre for Economics and Business Research has calculated that the “tourist tax” is costing the UK £10.7bn in lost…

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Mamas and Papas expands in South East Asia

Mamas and Papas, the high street nursery brand, has announced a series of new partnerships with retailers in South East…

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UK households will have £3bn less to spend this Christmas, report finds

UK households are expected to have £3bn less to spend this Christmas compared with last year, according to new research…

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Today’s news in brief-28/09/23

Rami Baitiéh will take over as Morrisons’ new CEO from November, succeeding David Potts, who has held the position for…

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Morrisons appoints new chief executive

Morrisons has announced the appointment of Rami Baitiéh as its new chief executive from November. He will succeed David Potts,…

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JD Sports revenues up 8% in H1

JD Sports revenues grew by 8% to £4.7bn in the 26 weeks to 29 July, as gross margins were “robust”…

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B&Q owner Kingfisher slashes full-year guidance

B&Q owner Kingfisher has slashed its full-year profit guidance to £590m, down from £634, as the retailer continues to face…

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Puma appoints new general manager of Europe

Sports company Puma has recently appointed Javier Ortega as new general manager of Europe, effective from September 1, 2023.  He…

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