Morgan Stanley
This coverage analyses Morgan Stanley’s research, forecasts, and advisory activities as they relate to the UK retail sector. Reporting covers investment outlooks, consumer spending analyses, market valuations, and strategic insights offered by the firm that impact retail decision-making. Retail executives, financial managers, and strategists can use this content to understand broader economic signals and investor sentiment shaping the retail landscape.
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Oct- 2023 -6 OctoberHealth & Beauty
The Body Shop bidders hesitate over £500m valuation
Private equity firms interested in acquiring The Body Shop are reportedly being put off by owner Natura and Co’s high valuation. According to Retail Week, the Brazilian company is asking for between £400-£500m to part with the health and beauty retailer. Earlier this week it was reported that Lloyds Pharmacy…
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4 OctoberNews
Today’s news in brief-04/10/23
Aurelius Group, the parent company of Lloyds Pharmacy, has reportedly emerged as a contender in the race to acquire The Body Shop. This places Aurelius Group alongside Elliot Advisors, owner of Waterstones, and private equity firm Epiris as potential buyers. The move comes following The Body Shop’s decision to put…
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4 OctoberHealth & Beauty
Lloyds Pharmacy owner joins bidders for The Body Shop
The owner of Lloyds Pharmacy, Aurelius Group, is among the latest bidders to buy cosmetics chain The Body Shop, according to Sky News. The group now joins Waterstones owner Elliot Advisors and private equity firm Epiris in the running to buy the chain. It is unclear whether Alteri Investors remains…
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Sep- 2023 -22 SeptemberNews
Today’s news in brief-22/09/23
The Co-operative Group (Co-op) has reported £43m in underlying profits for the first half of the year, a notable improvement from the £1m loss in the prior year. This surge is attributed to efficient cost-saving measures, including annualised savings of £101m from 2022, along with further H1 2023 savings. Operational…
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22 SeptemberDepartment Stores
Frasers tries to pull Morgan Stanley boss into legal battle
Frasers has reportedly asked a New York court to order Morgan Stanley’s boss to hand over evidence for the group’s High Court lawsuit against the bank, the Financial Times has reported. The FT said the lawsuit in question concerns an almost $1bn (£815m) margin call covering trades in Hugo Boss. …
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13 SeptemberClothing & Shoes
Birkenstock files for IPO
Birkenstock has filed for an IPO in New York, targeting a valuation of more than $8bn (£6.4bn), according to The Financial Times. The footwear company reportedly filed a confidential prospectus to regulators in July, but this public filing would allow the company to join the New York Stock Exchange from…
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Jun- 2023 -9 JuneOnline & Digital
Frasers ups stake in Asos for second time in a week
Mike Ashley’s Frasers Group has upped its stake in embattled online retailer Asos for the second time this week. Frasers has increased its stake to 9.8%, up from the 8.8% established on Tuesday ( 6 June). The investment has sparked rumours of potential interest in a takeover offer with the…
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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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