Hobbycraft

TOFS appoints former commercial director Tim Bettley as MD

The Original Factory Shop (TOFS) has appointed experienced retail leader and its former commercial director Tim Bettley as its new…

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Today’s news in brief-6/5/25

Deliveroo has agreed to a £2.9bn takeover by US rival DoorDash, creating a combined entity operating in over 40 countries…

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WH Smith buyer faces year-long ban from mass store closures

The new owner of WH Smith’s high street chain has effectively been banned from enacting widespread store closures for at…

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Today’s news in brief-25/4/25

The John Lewis Partnership has appointed Andy Mounsey as its new chief financial officer, effective immediately. Mounsey, who had been…

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Hobbycraft set to close nine stores

Hobbycraft is set to close nine stores, a move affecting up to 126 jobs, as part of a restructure led…

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TOFS places hundreds of jobs at risk under new revival plans

Nearly 1000 jobs at The Original Factory Shop (TOFS) reportedly could be at risk as the company embarks on a…

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Today’s news in brief-27/3/25

Next has reported record pre-tax profits of £1bn for the year to January 2025, marking a 10.1% increase, and has…

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Lakeland becomes latest bid target for Modella Capital

Homewares retailer Lakeland has become the latest takeover target of retail investor firm Modella Capital, Sky News has revealed.  The…

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WH Smith completes refinancing amid plans to sell high street arm 

WH Smith has successfully completed a refinancing, which includes its first US Private Placement (USPP) as well as a new…

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Today’s news in brief-13/3/25

John Lewis Partnership has announced that its staff will not receive a bonus for the third consecutive year, despite tripling…

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