Next seals deal to acquire Russell & Bromley Retail High street giant Next has stepped in to buy shoe seller Russell & Bromley in the latest in a string of acquisitions by the FTSE 100 retail giant. The sale will see Next acquire the Russell & Bromley brand, and three of its stores in Chelsea, Mayfair and the Bluewater Shopping Centre, in exchange for [...]
Next eyes Russell & Bromley deal Retail The high street giant Next is reportedly considering making an offer to invest in Russell & Bromley, the shoe retailer that said it was looking for a fresh cash injection. It has been reported that the FTSE 100 company is among several possible parties interested in investing in the smaller retail brand. It is unclear [...]
London Stock Exchange boss: ‘Media narrative’ behind UK’s capital markets woes The boss of the London Stock Exchange has denied there is an issue with the health of the UK’s capital markets, despite London dropping out of the top 20 IPO destinations for the first time in history this year, falling behind Oman and Mexico in the early months. Dame Julia Hoggett complained of unnecessary pessimism [...]
Brent Hoberman: Fear of ‘media onslaught’ puts business people off joining government January 11, 2025 Serial entrepreneur Brent Hoberman and the investment minister Poppy Gustaffson have warned that business people are put off taking on government positions due to fear of a “media onslaught”. Writing on LinkedIn, Hoberman, the founder of Lastminute.com and failed furniture retailer Made.com, criticised coverage of business people entering government and claimed the media constantly “insinuates [...]
Next and Mike Ashley’s Frasers Group mull Ted Baker rescue deal April 9, 2024 Mike Ashley’s Frasers Group and Next have reportedly expressed interest in buying Ted Baker.
Next gains on soaring FTSE as Lord Wolfson says it’s been a ‘long time’ since such a positive outlook March 21, 2024 Next topped the FTSE 100 on Thursday, as it once again beat market expectations and trumped rivals amid a challenging period for UK retailers.
Will FTSE 100 giant Next continue to top the retail leaderboard? March 16, 2024 Next will unveil its full year earnings this coming Thursday, as investors gear up to see how the FTSE 100 firm has navigated a challenging period for retailers.
Retail: Insolvencies expected to ‘uptick’ as market consolidates amid Superdry and Ted Baker trouble February 12, 2024 Less than two months into 2024 and six UK retailers have already gone bust, with a further two warning they may fall into trouble, as experts warn the market will “continue to see an uptick in insolvencies”. According to figures from Centre of Retail Research, over 400 job roles have been impacted by retailers shutting [...]
The Notebook: Neil Bennett reveals his simple solution to save London’s IPO market October 18, 2023 Where the City’s movers and shakers get a few things off their chest. Today, global co-CEO of H/Advisors Neil Bennett takes the pen It’s time to shed light on the real reason the IPO market is comatose in London and most of the world When I was a young financial reporter, sometime in the last [...]
Next eyes £100m deal for FatFace in latest shopping spree October 11, 2023 If completed, it will be the latest name to join Next’s expansive list of firms it has gobbled up since the pandemic.