FTSE 250
This coverage provides insights into the retail companies listed on the FTSE 250, focusing on their market performance, business strategies, and key financial updates. Explore how these businesses are navigating the retail landscape, including growth initiatives, mergers, acquisitions, and leadership changes. Tailored for business executives and retail professionals, this content supports strategic decision-making and market analysis.
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Jun- 2023 -7 JuneOnline & Digital
Frasers Group raises Asos stake
Mike Ashley’s Frasers Group has increased its stake in online retailer Asos from 7.4% to 8.8% according to a shareholder update posted yesterday. Frasers is currently Asos’ fourth largest shareholder having originally increased its stake to over 5% back in October of last year. The news comes as the embattled…
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7 JuneClothing & Shoes
Asos suppliers cut ties amid falling profits
Suppliers to Asos have reportedly started cutting ties with the online retailer after credit insurers withdrew cover amid concerns over its declining profits, The Times has reported. It comes as the group fell off the FTSE 250 index last week, only weeks after it reported a fall in half-year profits…
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5 JuneClothing & Shoes
Asos faced £1bn takeover bid from Alibaba-backed retailer
Asos reportedly faced a £1bn takeover offer from Turkish online retailer Trendyol in December of last year. According to The Sunday Times, the offer from Trendyol, which is backed by Chinese retail giant Alibaba, valued the retailer between £10 and £12 a share. The outlet added that Trendyol had engaged…
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Apr- 2023 -25 AprilClothing & Shoes
JD Sports appoints two new directors to board
JD Sports has appointed Angela Luger and Darren Shapland as its newest non-executive directors, with effect from 1 June 2023. Following their appointments, Luger will join the remuneration committee while Shapland will join the audit and risk committee. Luger brings a “wealth” of retail and non-executive director experience to the…
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Dec- 2022 -23 DecemberHigh Street
Matalan sets January deadline for sale process
Matalan has announced that it plans to complete its sale process by the end of January 2023, after which a “comprehensive update to the market” will be provided, according to Drapers. The business said that, as of 15 December 2022, it had “received bids from a number of interested parties”.…
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19 DecemberHigh Street
Matalan founder to make final bid for group
John Hargreaves, the founder of fashion retailer Matalan, has announced his final offer to keep control of the company he founded in 1985. According to The Sunday Times, he has teamed up with Elliott Advisers, a private equity firm, for a 50-50 bid for Matalan. Hargreaves is reportedly expecting his…
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Mar- 2021 -31 MarchPeople Moves
Chairman of Eve Sleep to step down
Paul Pindar, the chairman of Eve Sleep, has announced his decision to step down from the role. Pindar, who has held the position as chair for five years, will be replaced by Mike Lloyd, the group’s current chief operating officer (COO). Lloyd has held executive director roles at leading consumer…
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5 MarchSupermarkets
Morrisons could drop out of FTSE 100, say analysts
Morrisons is reportedly set to fall out of the FTSE 100 for the first time in half a decade, according to The Guardian. Retail analysts predict that the public’s overspending on groceries, resulting from consumer shifts during the pandemic, will begin to wane in the coming months. With the quarterly…
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Nov- 2019 -6 NovemberHigh Street
Profits plummet at M&S as clothing sales slide
Marks and Spencer has announced a 17% drop in profits to £176.5m for the first half of the financial year, with continued slumps in clothing sales affecting the high street giant. The first six months of the financial year saw a decline of -5.5% in like-for-like clothing sales, despite the…
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Sep- 2019 -4 SeptemberEconomy
M&S to be relegated from FTSE 100
Marks and Spencer is set to be removed from the FTSE 100 for the first time since the index launched 35 years ago, after its market value fell below the threshold for inclusion, with an announcement expected to be made later today (4 September). The retailer’s exclusion was confirmed by…
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