Toys ‘R’ Us returns to high street with new WH Smith partnership Toys 'R' Us Toys ‘R’ Us will make its return to the high street after five years, revealing plans to open nine concession stands in WH Smith. In 2017, the children’s retailers declared bankruptcy after years of rising debt and dwindling sales and the following year it shut all 100 of its UK stores. Its collapse was linked [...]
HMV rescuer weighs up bid for The Body Shop amid continued uncertainty RETAIL The man who saved HMV is considering a bid to buy The Body Shop out of administration as uncertainty around the firm's administration continues.
Wilko: Store confirms over 1,000 job cuts – but talks with HMV owner continue Retail Wilko’s administrators confirmed today that it will cut 1,300 jobs and close 52 stores.
Wilko: B&M snaps up 51 stores of beleaguered retailer for £13m September 5, 2023 B&M has confirmed that it will buy 51 Wilko stores for £13m following the highstreet stores collapse. The rival discount chain, which has over 700 sites across the UK, did not mention how many job roles would be saved in the process. On the sale, its share price was down more than three per cent [...]
WH Smith has no plans to grow ‘healthy’ high street presence as it eyes airports instead June 30, 2023 WH Smith boss said the retailer has no plans to open any additional high street stores but is focusing on growing its transport hub and international presence. “We’ve got a very healthy High Street business in the UK”, Carl Cowling told the BBC, “but we’ve got no ambitions to grow that”. “When you look at [...]
HMV owner finalising deal to save majority of Wilko stores, reports say September 1, 2023 Thousands of jobs could be saved at collapsed retailer Wilko as the owner of HMV finalises a deal to buy hundreds of stores. A bid to buy the entirety of the business fell through on Thursday, leading to the first wave of redundancies affecting support centre and warehouse staff. But administrator PwC said that discussions [...]
Who are the frontrunners in the race to save Wilko? August 30, 2023 Why did Wilko go bust? A cocktail of dwindling demand for physical stores and competition in the discount market appeared to tip Wilko into administration. Even when a squeeze on public finances forced shoppers back to the high street in search of cheaper goods, they seemed to favour rivals B&M and Poundland when nabbing a [...]
Labour plots crackdown on private equity tax loophole September 20, 2021 Labour will crack down on private equity bosses by closing tax loopholes on their bonuses if victorious at the next election. Shadow chancellor Rachel Reeves will today say that by ending the carried interest loophole, the government could raise another £440m in tax revenues. Carried interest payments are given as bonuses to private equity bosses [...]
LV= in exclusive sale talks with Bain Capital October 2, 2020 Financial services provider LV= has announced it is in exclusive discussions over a potential tie-up with private equity firm Bain Capital. In a statement today LV= said discussions with Bain Capital are ongoing. It added: “There can be no certainty that any transaction will be agreed, nor any certainty as to the terms on which [...]
Toys R Us owners KKR and Bain Capital to pay $20m to laid-off employees November 20, 2018 Two former owners of Toys R Us have agreed to pay $20m (£15.6m) to employees who lost their jobs following its collapse. KKR and Bain Capital have set up a severance fund in the US after the $6.9bn toy store chain filed for bankruptcy last year and confirmed it would close all 800 US stores [...]