Russia
This coverage examines the activities, strategies, and challenges of retailers operating in or withdrawing from the Russian market, with a focus on commercial and operational impact. Reporting includes corporate decisions regarding market presence, supply chain adjustments, leadership statements, and financial implications — providing retail professionals with context on how geopolitical factors influence retail operations and strategy in the UK.
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Apr- 2021 -19 AprilClothing & Shoes
Hugo Boss appoints new director of Global Marketing
Hugo Boss has announced the appointment of Miah Sullivan as its new director of Global Marketing and Brand Communications. Sullivan, who held a number of management positions at both Luxottica and Furla, will start her new role with the company from 1 May 2021. Recently, Sullivan has served as the…
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Mar- 2021 -1 MarchHigh Street
Russia’s Fix Price mulls London float
Fix Price, a Russian budget retailer, is reportedly set for an IPO of between £1.08bn and £1.22bn as the group targets a London listing for growth and international expansion. Founded in 2007, the group sells a range of essential products at under 250 rubles (£2.46), and operates over revenues of…
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Oct- 2020 -1 OctoberDIY
Kingfisher offloads Russian chain in £73m deal
B&Q and Screwfix owner Kingfisher has announced it has offloaded Castorama Russia to Russian home improvement firm Maxidom in a £73m deal. Kingfisher, which has approximately 1,350 stores across eight European countries, said that the deal was closed on 30 September with 80% paid at the closing of the transaction.…
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Aug- 2020 -14 AugustPeople Moves
Tom Singer appointed Halfords non-exec director
Halfords has announced the appointment of Tom Singer as non-executive director, with effect from 16 September. Singer previously held the position of CFO InterContinental Hotels Group, and British United Provident Association (BUPA). Earlier in his career, he was CFO and COO of William Hill and finance director of Moss Bros,…
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Mar- 2020 -10 MarchAnalysis
Banks to help us all out with coronavirus fallout
Once again the business pages on all major news outlets are pretty much dominated by the developing story of coronavirus – every sector has some kind of tale to tell. So here is the roundup from today. RBS said it will allow mortgage holidays for people who are forced to…
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Feb- 2020 -6 FebruaryDepartment Stores
PETA buys Frasers Group stake amid anti-fur protests
PETA US has become a shareholder in Frasers Group, the animal rights group has announced. The move is in response to House of Fraser reportedly reversing its pledge to not to sell any fur products. The animal rights activists said that by breaking its previous pledge, the retail group was…
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Jan- 2020 -7 JanuaryPeople Moves
Kingfisher appoints new chief customer and digital officer
Kingfisher has appointed Jean-Jacques Van Oosten as its new chief customer and digital officer. Van Oosten joins Kingfisher from The LegoGroup, where he held the role of chief digital officer. He has also held positions at REWE, Travis Pekins, Tesco and Kingfisher, where he was group IT director from 2005…
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Oct- 2019 -3 OctoberClothing & Shoes
H&M Q3 profits spike 25%
H&M has reported a 25% spike in net profits during Q3, which it attributed to “continued development of more full-price sales and reduced markdowns”. In the three month period ending 31 August, the Swedish clothing retailer said profit before tax increased to SEK 5bn (£410m), ahead of analysts expectations of…
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Mar- 2019 -20 MarchDIY
Kingfisher boss to depart amid falling profits
DIY retailer Kingfisher has announced its CEO is to step down on the same day it revealed profits for the year had plummeted 13% to £693m. Veronqiue Laury, who had been overseeing the turnaround plan of the company which owns B&Q and Screwfix, will leave the company although no date…
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Oct- 2018 -10 OctoberComment
How businesses can prepare themselves for trading following a no-deal Brexit
It should come as no surprise that the Government would leave establishing trade strategy within the EU, post-Brexit, up to the individual business. Now that retailers are going to be responsible for determining their own delivery structure, delaying the inevitable will do more harm than good, in an already volatile…
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