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- 2019 -11 JulyClothing & Shoes
Bonmarché to be delisted as second largest shareholder sells up
Fashion retailer Bonmarché is set to become delisted as the company’s second largest shareholder sold its stake, meaning Spectre Holdings now owns more than the 75% required to take the business private. Investment fund Artemis sold its 12% share taking Philip Day’s stake up from 69% to nearly 83%. In…
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3 July
Amazon to create over 2,000 more UK jobs
Online retailer Amazon has announced that it will create 2,000 new jobs in the UK in 2019, which will take its total permanent workforce to more than 29,500 by the end of the year. The company has now invested £9.3bn in its UK operations since 2010. The roles available range…
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2 JulyClothing & Shoes
Bonmarché managers sell stakes to Philip Day
Bonmarché CEO Helen Connolly, CFO Stephen Alldridge and non-executive director Ishbel Macpherson have sold their shares in the company to Spectre Holdings – an entity owned by Philip Day – despite telling shareholders to not accept his takeover bid in May. Yesterday (Monday 1 July), Connolly sold 42,542 shares to…
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1 JulyHigh Street
Bonmarché shareholder slams company as it sells stake to Day
Investment company Cavendish Asset Management has sold its 10.8% stake in fashion retail Bonmarché to Spectre Holdings, a company owned by retail tycoon Philip Day. The £600,000 deal has now increased the businessman’s stake, increasing his chances of a takeover. The news comes after Day closed his £5.7m bid to…
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Jun- 2019 -28 JuneClothing & Shoes
Philip Day closes Bonmarché offer
Edinburgh Wooden Mill owner Philip Day has set a deadline on his £5.7m offer for Bonmarché after officially closing his offer following poor trading at the business. Day’s firm Spectre Holdings said it is closing its offer to buy the remaining shares at 11.45p, because the future of the business…
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26 JuneClothing & Shoes
Bonmarche asks shareholders to accept Philip Day offer
The board of embattled womenswear retailer Bonmarché has reversed its opposition to Edinburgh Woollen Mill owner Philip Day’s £5.7m offer for the company and has asked shareholders to accept the offer. In an update to shareholders the board explained its change of stance citing “poor” trading during the first quarter…
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20 JuneComment
How retailers can tackle discrimination, bullying and harassment
Allegations of bullying and harassment are common across many industries and the retail sector is not immune. Recently Lord Peter Hain, a Labour peer, used parliamentary privilege to accuse Philip Green of bullying. Lord Hain said he chose to speak up after hearing “horrible” claims of sexual assault resulting in…
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18 JuneHigh Street
Former BHS owner in court over tax evasion allegations
Former BHS owner Dominic Chappell is to appear in court today (18 June) on accusations of tax evasion in relation to a finance company at which he was the director. Chappell is due to appear at the City of London Magistrates Court, facing three charges of cheating the public revenue…
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17 JuneClothing & Shoes
US landlords file legal challenge against Arcadia CVA
A group of US landlords have filed a legal challenge against Philip Green’s Arcadia in light of the company voluntary agreements (CVAs) that were agreed last week, which will see its US subsidiary enter administration. According to The Sunday Times the group of property investment companies, led by Vornado, accuse…
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12 JuneHigh Street
Arcadia creditors approve CVA proposals
Retail group Arcadia, has announced that all seven of its company voluntary arrangements (CVAs) have today been approved by the required majority of the companies’ creditors, including its pension trustees, suppliers and landlords. The approval allows the retailer to restructure, closing around 23 stores, in a bid to prevent going…
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