HSBC
This coverage explores HSBC’s influence on the UK retail sector through its financial services and advisory capabilities. Reporting includes lending trends, merchant services, digital payment innovations, sector-specific research, and leadership developments — all examined for their impact on retailers’ cash flow, investment decisions, and payment strategies. The content is tailored for finance directors, CFOs, retail operations managers, and executives responsible for financial planning and retail banking relationships.
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Feb- 2025 -5 FebruaryNews-In-Brief
Today’s news in brief-5/2/25
A Welsh fashion designer has taken Boohoo, and its affiliated brands PrettyLittleThing, Nasty Gal Limited, Misspap, and Debenhams, accusing it of copying her signature designs. Sonia Edwards claims that her designs, including a halter-neck bikini top, a rib organza mesh puff-sleeve top, a velvet ruched midi-skirt, a twist-front skirt, and…
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5 FebruaryOnline & Digital
Very Group ends HSBC relationship after 10 years
The Very Group has cut ties with HSBC, the bank which ran its customer loan portfolio worth around £1.8bn, according to reports from The Times. The online retailer has instead handed over responsibility of the securitisation of its buy now, pay later offer, to Natwest. Very provides finance options for…
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Jan- 2025 -27 JanuaryHigh Street
Lakeland owner brings chain to market ahead of tax rises
The family behind kitchenware retailer, Lakeland, has reportedly recruited advisers to explore a sale after more than 60 years as growing cost pressures loom, according to Sky News. According to accounts filed at Companies House for 2023, that year faced “the most challenging economic conditions for several decades” with high…
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20 JanuaryHigh Street
Quiz eyes store closures as costs mount
Quiz is reportedly considering closing up to a third of its 60-location portfolio as a way to cut costs and stabilise the business, according to The Telegraph. It comes as Quiz is also due to delist from the London Stock Exchange’s AIM market and return to private ownership, following a…
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7 JanuaryClothing & Shoes
Quiz lender hires advisors ahead of delisting vote
Quiz’s principal lender has reportedly drafted in advisors to help the company explore restructuring options amid a “growing crisis” at the retailer.According to Sky News, HSBC hired restructuring experts from Interpath Advisory ahead of a vote on delisting from the London stock market. Quiz reportedly plans to hold a shareholder…
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Oct- 2024 -7 October
Today’s news in brief-7/10/24
Mulberry founder Roger Saul has suggested that luxury retailer Mulberry might be a better fit with European luxury group LVMH rather than Mike Ashley’s Sports Direct, following Ashley’s unsuccessful £83m bid to acquire the company. Saul, who founded Mulberry in 1971, emphasised that the brand had drifted from its original…
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7 OctoberClothing & Shoes
Footasylum secures £35m funding package for expansion
Footasylum is set to accelerate its growth plans across the UK and beyond after securing a £35m revolving credit facility (RCF) from HSBC UK. Footasylum was acquired by Aurelius, a global alternative investor, in August 2022. Since then, the company has embarked on a strategic store opening and upsizing programme,…
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Mar- 2024 -18 MarchNews
Today’s news in brief-18/3/24
The Saudi PIF, along with Kering, is reportedly eyeing a stake in Selfridges as the store’s co-owner, Central Group, faces financial struggles due to the collapse of its Austrian partner, Signa. The potential deal, valued around £2bn, is complicated by legal proceedings in Austria. Selfridges reported a narrowed loss and…
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18 MarchNews
M&S nears banking ‘superapp’ agreement with HSBC
M&S is in talks to finalise an agreement with HSBC to establish a new banking and loyalty “superapp”, according to Sky News. The new seven-year agreement would encompass payments, financials services as well as the retailer’s Sparks loyalty programme. Under the existing agreement with HSBC, whose UK arm owns M&S…
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Nov- 2023 -10 NovemberNews
Travelex appoints new global retail director
Travelex has appointed Jackie Uhi as global retail director to drive the next stage of its retail development and international expansion. Uhi, who joins from HSBC, will be responsible for driving strategy, delivery, expansion and innovation across the company’s retail portfolio, which includes more than 1,100 stores and 900 ATMs…
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