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Next defends chair following shareholder rebellion

Next has defended its chair, Michael Roney, after more than 20% of shareholders voted against his re-election at the company’s…

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Today’s news in brief-13/11/23

Retail theft is projected to cost UK retailers £7.9bn in 2023, with a notable increase in employee theft. Thruvision Group…

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Dune delays sales process

The sale of Dune has been delayed as the company has not received a bid which matched its valuation, according…

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Today’s news in brief-6/11/23

The future ownership of the iconic London department store, Selfridges, is reportedly in question as co-owner Signa grapples with a…

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UK retailers join forces to sign Wrap’s Textiles 2030 initiative

More than 30 retailers have signed up to Wrap’s Textiles 2030 initiative to reduce the carbon impact of the textiles…

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White Stuff profits and sales soar

Fashion retailer White Stuff has revealed that its EBITDA rose 141% to £7m, up from £2.9m, for the year ended…

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Today’s news in brief-1/11/23

Asda has successfully finalised its acquisition of EG Group’s UK business, a deal valued at a substantial £2bn. This strategic…

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Next lifts FY profit guidance despite autumn sales drop

Next has raised its full-year profit guidance for the fourth time this year, despite weekly sales falling by 7% in…

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Today’s news in brief-23/10/23

John Lewis is facing criticism from city planners over its affordable housing plans. Initially, the company aimed to make 20%…

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How the FatFace deal lines up with Next’s aggressive acquisition strategy

This year has been a year full of big mergers and acquisitions and October has continued in that vein. The…

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