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- 2018 -24 JulyEconomy
Hammerson shares rise as plans to sell £1.1bn of retail parks and cut board revealed
Shopping centre and retail park giant, Hammerson, has announced plans to reduce the size of its board and sell off £1.1bn in retail parks. The announcement, which comes just after the company sold parks in Bristol and Kirkaldy for £164m, said the company was planning to focus on “flagship retail…
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20 JulyGovernment
Inquiry into BHS directors could be reopened
The inquiry into the former directors of BHS could be reopened following the discovery of new information by the Financial Reporting Council (FRC), Retail Sector has learned. The chief executive of the Insolvency Service Sarah Albon, requested more information from the FRC regarding the conduct of the retailer’s directors. The…
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6 JulyEconomy
UK Treasury rejects retailers’ business rates reform calls
The UK Treasury has today rejected calls from retailers who say business rates should be reformed to create a level playing field with online retailers. During a meeting of parliament’s Treasury Select Committee, chancellor Philip Hammond said reforming international corporation tax was a higher priority for the government, adding that…
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4 JulyClothing & Shoes
Calvetron Brands to close remaining concessions
The administrators of Calvetron Brands, parent company of Jacques Vert and Precis, has served notice on the remaining concessions in the UK, Republic of Ireland and Canada. Benjamin Wiles, Trevor Birch and Philip Duffy of Duff & Phelps, were appointed joint administrators in May and the company made the decision…
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2 JulyHigh Street
Estate agents join high street casualties as insolvencies rise
Around 153 estate agents have gone insolvent in the last year, up from 148 the year before, according to a new report. Accountancy firm Moore Stephens found that as the online estate agency market continues to grow, firms such as Hatched, Rightmove, Yopa and Zoopla have squeezed high street rivals.…
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Jun- 2018 -21 JuneClothing & Shoes
Sir Philip Green seeks judicial review as PwC court battle kicks off
The former owner of BHS and current Topshop and Arcadia owner, Sir Philip Green, has requested a judicial review of the Financial Reporting Council’s (FRC) report into PwC’s handling of the retailer’s audit shortly after collapsed. As the hearing into the report prepares to be taken to the High Court…
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1 JuneAnalysis
Why you should take business advice from psychologists, not economists
In 1980, economics students at Harvard walked out of a class and refused to return. They were striking to protest their belief that the standard economics they were being taught had an inherent bias which affected students, their universities, and society at large. What was this inherent bias? And were…
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Feb- 2018 -27 FebruaryElectrical
Maplin rescue talks falter as deadline approaches
Maplin is rushing to find new capital to save it from falling into administration, with talks with a potential buyer stalling. According to Sky News, the electronics retailer is locked in talks with its potential buyer Edinburgh Woollen Mill (EWM) – the high street empire that includes Jaeger and Dorothy…
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26 FebruaryHigh Street
Leaked email reveals Philip Green ‘asked HSBC to find Arcadia buyer’
A newly leaked email suggests that Philip Green enlisted the help of HSBC to find a buyer for the Arcadia Group, despite his claims to the contrary last week. According to reports Green met with the banking giants managing director David Barraclough and UK chief executive Ian Stuart back in…
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23 FebruaryDepartment Stores
Dominic Chappell faces sentencing over pension investigation
The one-time BHS owner who purchased the ailing chain from Philip Green for a tiny sum before its collapse, Dominic Chappell, is expected to be sentenced in court today. He is accused of failing to provide information about the company’s pension scheme after it went into administration in 2016. Chappell…
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