Monaco
This coverage examines retail developments, market trends, and international brand activity in Monaco, offering insights for UK-based retail professionals exploring opportunities in the principality. Reporting includes store openings, consumer behaviour shifts, and the performance of British retailers operating in Monaco — supporting strategic decision-making for those managing international expansion and cross-border retail operations.
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Jul- 2022 -26 JulyPeople Moves
Matalan founder returns as chairman
Matalan has announced that its founder, John Hargreaves, will return to the company as chairman, effective immediately. In this role, Hargreaves replaces Steve Johnson, the Matalan’s executive chair, who is stepping down from the board. Johnson first joined the business as non-executive chair, and he agreed to step into an…
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Jun- 2022 -13 JuneClothing & Shoes
Matalan lenders eye up advisers amid talks over retailer’s future
Matalan lenders are reportedly eyeing up appointing advisors ahead of talks about the retailer’s future financing in the face of current economic uncertainty caused by the cost of living crisis. According to Sky News, Matalan’s senior bondholders are in talks with Perella Weinberg Partners to discuss options with them set…
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Feb- 2022 -21 FebruaryGovernment
Matalan founder Hargeaves loses 20-year court battle over tax bill
Matalan founder John Hargreaves has lost a long-running court battle with HMRC as he attempts to avoid a tax bill that may reach up to £135m. He has now been ordered to pay the tax bill after the Upper Tier Tribunal ruled he owes Capital Gains Tax in relation to…
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May- 2021 -17 MayLuxury Goods
Ralph Lauren offloads Club Monaco brand to private equity group
Ralph Lauren Corporation has announced the sale of its Club Monaco brand to Regent, a global private equity firm, for an undisclosed fee. Expected to close by the end of June 2021, the transaction represents a continuation of the group’s fiscal 2021 strategic realignment plan. Revealed last year, the plan…
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Jun- 2020 -15 JuneCoronavirus
Matalan seeks £29m HQ sale
Matalan is reportedly seeking a sale of its Liverpool-based headquarters as it looks to inject more cash into the business as the coronavirus pandemic continues. According to the Sunday Times, the retailer is looking to raise around £28.5m from a sale and leaseback of the property. Reports also suggest that…
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May- 2020 -21 MayCoronavirus
Matalan reopens 15 retail park stores
Matalan has reportedly opened a select number of its stores located in retail parks across the country. According to Drapers, the retailer has reopened 15 of its stores following changes to the government’s guidance on 1 May that classes homeware as essential. As such around 417 members of staff have…
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20 MayHigh Street
Matalan founder sues PwC over ‘misguided’ tax advice
PwC is reportedly being sued by the founder of Matalan over “misguided” tax advice. John Hargreaves, who set up the business in 1975, alleges the firm failed to give him correct guidance following his move to Monaco, leaving him with substantial tax liabilities for which he was pursued by HMRC.…
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Feb- 2020 -10 FebruaryAnalysis
Ocado ditches Waitrose; Bill gates orders £500m beast-yacht; Boris to lower immigration wage threshold
A busy start to the week in the business pages. As the coronavirus story unfolds I am reluctant to spend every day providing updates on it, but it is worth noting quickly that there is likely to be some worldwide economic turbulence due to the latest developments. A slew of…
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Nov- 2018 -20 NovemberClothing & Shoes
Victoria’s Secret appoints John Mehas as new CEO
Lingerie retailer Victoria’s Secret has appointed John Mehas as CEO, effective early 2019, replacing Jan Singer who has resigned. Mehas is currently serving as the president of lifestyle brand Tory Burch, and previously led Club Monaco, a Polo Ralph Lauren brand, for 13 years as president and CEO. He gained…
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Jan- 2018 -25 JanuaryClothing & Shoes
Ralph Lauren hires Burberry digital marketing head
Fashion brand Ralph Lauren has hired Burberry’s previous director of digital marketing, Alice Delahunt, in order to drive digital expansion. Delahunt will be responsible for “elevating the company’s global digital platforms”, enhancing the digital experience for consumers across all channels to drive consumer acquisition, retention, value and revenue. She…
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