Luxembourg
This coverage examines retail market trends and developments in Luxembourg, offering insights for UK retail executives, managers, and brand professionals. Reporting includes store openings and closures, investment activity, consumer behaviour, and the strategies of key retailers operating in the region. The analysis helps professionals assess opportunities, challenges, and competitive dynamics relevant to engaging with the Luxembourg retail market.
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Apr- 2022 -22 AprilNews
EG to deliver 32,000 jobs globally amid foodservice expansion
EG Group has announced plans to create more than 32,000 jobs globally over a five-year period. According to the group it will be driven by a “sustained investment” in its foodservice business. To supplement this expansion strategy, EG has added to the pay and benefits colleagues receive and this month…
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Jan- 2021 -18 JanuaryClothing & Shoes
Dr. Martens to float on London Stock Exchange
Dr. Martens has announced its intention to float on the London Stock Exchange, with admission currently expected to occur in early February 2021. The shoe retailer has confirmed its plans to apply for admission of the company’s shares to the premium listing segment of the Official List of the FCA.…
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Oct- 2019 -8 OctoberDIY
Ikea could face large EU back-tax bill
Swedish furniture giant Ikea is facing the possibility of having to pay millions of euros in back taxes, as the European Commission nears its investigation into the company. According to CityAm, the two-year probe into Ikea, which was launched after its parent company Inter Ikea was found to have avoided…
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Aug- 2018 -10 AugustDepartment Stores
House of Fraser site offline as administration threatens 17,500 jobs
House of Fraser has appointed administrators after talks with investors and creditors were “not concluded in a solvent solution”. The department store currently employs 17,500 people across its 59 stores of which 31 have already been earmarked for closure. Despite the administration all House of Fraser stores are expected to…
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9 AugustDepartment Stores
House of Fraser sets new deadline to secure funds
House of Fraser has set itself a new deadline to secure funding to avoid collapse. In a statement to the Luxembourg Stock Exchange, the company said that it would require an investment no later than 20 August. Earlier reports said the department store would make a final decision on its…
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