Waterstones
This coverage focuses on Waterstonesโ strategy, operations, and role within the UK bookselling and retail sector. Reporting highlights store performance, expansion plans, leadership decisions, marketing initiatives, and responses to consumer trends and industry challenges. Designed for retail executives, brand managers, and operations professionals, the content provides insights into how Waterstones maintains its position in a competitive market.
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Feb- 2024 -20 FebruaryElectrical
Currys shares soar 36% amid takeover interest
Currys shares soared 36% to 64.9p on Monday after it was revealed that Chinese e-commerce company JD.com has joined the potential list of suitors looking to acquire the retailer.ย The bid currently faces competition from US Investment Group Elliott, owner of Waterstones, which recently made a ยฃ700m preliminary offer for…
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19 FebruaryNews
Today’s news in brief-19/2/24
Nike has announced plans to cut 1,600 jobs, approximately 2% of its workforce, in response to disappointing sales figures in the latter half of 2023. This move comes as the company seeks to streamline operations and focus on key growth areas, such as running, womenโs apparel, and the Jordan brand.…
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19 FebruaryElectrical
Currys rejects takeover offer from Waterstones owner
Currys has confirmed it has received and rejected an โunsolicited, preliminary and conditionalโ proposal from Waterstones owner Elliott. The rejection of said possible cash offer comes as Currysโ board and financial advisers believe the proposal โsignificantly undervalued the company and its future prospectsโ.ย ย Elliott had offered 62p per share, while…
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9 FebruaryNews
Today’s news in brief-9/2/24
Retail giant Tesco has finalised the sale of its banking arm to Barclays in a ยฃ600m deal. The partnership aims to leverage Tesco’s strong brand presence and extensive customer base with Barclays’ financial services expertise. This collaboration will enable Tesco to offer customers Tesco-branded banking products and services, leveraging the…
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9 FebruaryHigh Street
Waterstones pre-tax profits plummet amid tech issue
Waterstones revealed that pre-tax profits fell to ยฃ11.2m in the year ending 29 April 2023 from ยฃ50.6m reported last year, as a technical issue led to a backlog of orders from bookshops.ย Waterstones has attributed its performance to a technical issue at its central distribution, following the introduction of a…
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Jan- 2024 -16 JanuaryNews
Frasers Group to launch new flagship store in Kent
Frasers Group has announced that it has signed a new long-term lease agreement for its 101,921 sq ft unit at M&G Real Estateโs Maidstone town centre retail destination. The new agreement will see Frasers Group fully refurbish its current House of Fraser unit at Fremlin Walk into a flagship store…
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Oct- 2023 -9 OctoberHealth & Beauty
Natura sets final bid deadline for The Body Shop
Body Shop owner Natura and Co has announced that interested parties have to submit their final bids by 23 October 2023, according to Retail Week. It revealed that Morgan Stanley will be handling Body Shopโs sale on behalf of Natura and Co and has set a final deadline to get…
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6 OctoberNews
Todayโs news in brief-06/10/23
Pandora has raised its revenue guidance for the year to DKK 34-36bn (ยฃ4.2-4.5bn) following a surge in store sales. As part of its Phoenix strategy, the company plans to increase investments to enhance revenue growth, brand desirability, and expand its store network. This includes positioning itself as an affordable luxury…
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6 OctoberHealth & Beauty
The Body Shop bidders hesitate over ยฃ500m valuation
Private equity firms interested in acquiring The Body Shop are reportedly being put off by owner Natura and Coโs high valuation. According to Retail Week, the Brazilian company is asking for between ยฃ400-ยฃ500m to part with the health and beauty retailer. Earlier this week it was reported that Lloyds Pharmacy…
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4 OctoberNews
Todayโs news in brief-04/10/23
Aurelius Group, the parent company of Lloyds Pharmacy, has reportedly emerged as a contender in the race to acquire The Body Shop. This places Aurelius Group alongside Elliot Advisors, owner of Waterstones, and private equity firm Epiris as potential buyers. The move comes following The Body Shop’s decision to put…
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