Philip Day
This coverage examines Philip Day’s influence in the UK retail sector, spotlighting his leadership roles across brands like Edinburgh Woollen Mill. Reporting delves into his acquisitions, turnaround efforts, financial strategies, and impact on retail operations. Designed for executives, investors, and retail professionals tracking senior leadership and strategic change in heritage and value retail.
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Jul- 2022 -19 JulyNews
Grant Thorton fined £1.3m over Sports Direct audit
The Financial Reporting Council (FRC) has fined Grant Thornton UK LLP £1.3m for “serious failings” in the statutory audits of Sports Direct International plc for the financial years ended 24 April 2016 and 29 April 2018. Grant Thornton’s former partner, Philip Westerman, has also received a sanction of £79,575. For…
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Apr- 2022 -26 AprilNews
The pursuit of pop-ups
“Since reopening, retail sales have shown a ‘mixed bag’ of results. While the reopening of physical stores was unquestionably positive for the sector, there are still substantial operating costs associated with reopening which will be affecting retailer margins,” said the British estate agency, Savills. Savills made the comments as the…
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Feb- 2022 -21 FebruaryOnline & Digital
Made.com CEO to step down
Made.com Group Plc has announced that Philippe Chainieux will step down from his role today as chief executive officer (CEO) of the group and its board for family reasons. Nicola Thompson, currently chief operating officer (COO) of the group, joins the board and will assume the position of Interim CEO…
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Sep- 2021 -3 SeptemberDIY
Travis Perkins acquires new site for flagship branch
Travis Perkins has announced that it has acquired the former Motus Commercials site in the St Philips area of Bristol in a multimillion-pound deal for the creation of a new flagship branch. The site which was brokered by NG Chartered Surveyors, has been transformed into a new 20,000 sq ft…
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Aug- 2021 -17 AugustPeople Moves
Asos confirms exit of chairman Adam Crozier
Asos has confirmed the exit of chairman Adam Crozier, as the head jumps ship to take up the same role at telecommunications company BT. In a statement made to investors, the online retailer said that Crozier informed the board that he “intends” to step down from the position he served…
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Apr- 2021 -7 AprilM&A
Frasers Group calls for Peacocks sale inquiry
Frasers Group has reportedly called for an investigation to be launched into the sale of fashion chain Peacocks to an international consortium backed by chief operating officer, Steve Simpson. According to the Guardian, Mike Ashley, owner of Sports Direct and House of Fraser, was beaten in his Peacocks takeover bid…
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Jan- 2021 -27 JanuaryHigh Street
Arcadia collapsed owing creditors £750m
Philip Green’s retail empire, Arcadia, reportedly fell into administration while owing its creditors £750m. The debts, first reported by the Telegraph, largely comprised Topshop’s gross liabilities of over £550m, with Outfit also owing £80m. The figure, which is believed to exclude the group’s unsecured debt to HMRC surrounding its retirement…
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25 JanuaryM&A
Asos joins the Topshop race
Asos has emerged as a contender to acquire Topshop, just days after highstreet retailer Next was forced to pull out of the race. In an update to the London Stock Exchange, the digital fashion retailer confirmed that it was in “exclusive talks” with Arcadia administrators to purchase the Topshop, Topman,…
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18 JanuaryHigh Street
Next in the lead for Arcadia Group
High street retailer Next is allegedly the lead bidder in the race to buy Arcadia Group out of administration, The Sunday Times reports. Next, which is headed by Simon Wolfson, is said to be bidding for the group with US hedge fund Davidson Kempner. However, the pair face competition from…
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14 JanuaryHigh Street
Administrators finalise sale of Bonmarche
The joint administrators of Bonmarche have announced the completed sale of the company to Purepay Retail Limited, which is backed by an international investor consortium for an undisclosed amount. Damian Webb and Gordon Thomson, partners at the accountancy firm RSM, were appointed joint administrators to the company on 30 November…
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