Next agrees deal to rescue Victoria’s Secret UK business and 500 jobs Next has agreed a deal with Victoria’s Secret owner L Brands to rescue its UK business, which is currently in administration, in a move that will save around 500 jobs. The joint venture will operate all Victoria’s Secret stores in the UK and Ireland, subject to approval from its landlords. Its UK online business, which [...]
Next and Mike Ashley’s Frasers Group mull Ted Baker rescue deal Retail Mike Ashley’s Frasers Group and Next have reportedly expressed interest in buying Ted Baker.
Next eyes £100m deal for FatFace in latest shopping spree Next If completed, it will be the latest name to join Next’s expansive list of firms it has gobbled up since the pandemic.
More than 800 jobs at risk as Victoria’s Secret UK arm enters administration June 5, 2020 The UK business of lingerie retailer Victoria’s Secret has fallen into administration, putting more than 800 jobs at risk. All of Victoria’s Secret’s 25 UK stores are currently closed due to the coronavirus lockdown, with 785 employees on furlough. Deloitte, which was appointed as administrator today, said no redundancies have been made while it searches [...]
Next poised to snap up major stake in fashion firm Joules August 6, 2022 Retail giant Next is in talks to snap up a major stake in London-listed fashion firm Joules, according to reports today.
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.
Next: Can the retail powerhouse continue its strong summer momentum? September 17, 2023 Next has continued to defy expectations, with the retail giant continuing to outperform rivals
Victoria’s Secret to go private in $525m deal February 20, 2020 US lingerie giant Victoria’s Secret will be taken private after owner L Brands sold a controlling stake to investment firm Sycamore Partners, valuing the firm at $1.1bn. L Brands announced this afternoon that it will sell a 55 per cent stake to the private equity firm for around $525m. L Brands will retain a 45 [...]
Victoria’s Secret owner L Brands calls off £422m sale to private equity firm Sycamore May 5, 2020 Victoria’s Secret owner L Brands has called off a £422m sale of a majority stake in the lingerie business to private equity firm Sycamore, after the coronavirus crisis sparked a legal battle between the two firms. L Brands said it would focus on navigating the “extremely challenging business environment” rather than “engaging in costly and [...]
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 [...]