H&M enjoys boosted sales in third quarter from heavy discounting and weak currency September 17, 2018 Sales at Sweden's fashion giant H&M received a boost in the third quarter as the store offered heavy discounts and benefited from a weak crown. The figures Local-currency sales including VAT rose four per cent between June and August from a year earlier, compared with a Reuters poll which suggested sales would go up by [...]
Restaurant Group in talks on acquisition with gastropub chain Peach Pubs September 16, 2018 The Restaurant Group is in talks with Peach Pubs over a possible takeover of the gastropub chain. Talks are still at an early stage and are not exclusive, with no guarantee of a deal, City A.M. understands. The Restaurant Group, the listed owner of brands such as Frankie and Benny’s and Garfunkel’s, has struggled in [...]
Restaurant Group in talks on acquisition with gastropub chain Peach Pubs September 16, 2018 The Restaurant Group is in talks with Peach Pubs over a possible takeover of the gastropub chain. Talks are still at an early stage and are not exclusive, with no guarantee of a deal, City A.M. understands. The Restaurant Group, the listed owner of brands such as Frankie and Benny’s and Garfunkel’s, has struggled in [...]
Sports Direct denies reports Mike Ashley may block sale of Debenhams’ Danish arm Magasin du Nord September 16, 2018 Sports Direct have this evening denied reports its boss Mike Ashley is attempting to block a sale of Debenhams' Danish business Magasin du Nord. Reports suggested Ashley had threatened to halt the £200m of the business by Debenhams, in which he already has a 30 per cent stake, in the hopes of forcing the business into [...]
Sports Direct denies reports Mike Ashley may block sale of Debenhams’ Danish arm Magasin du Nord September 16, 2018 Sports Direct have this evening denied reports its boss Mike Ashley is attempting to block a sale of Debenhams' Danish business Magasin du Nord. Reports suggested Ashley had threatened to halt the £200m of the business by Debenhams, in which he already has a 30 per cent stake, in the hopes of forcing the business into [...]
Canadian Center Parcs-owner increases dividend more than 500 per cent despite profit slipping September 16, 2018 The Canadian owner of Center Parcs increased the dividend it took out of the holiday park operator by more than 500 per cent last year, despite a slide in profits. Brookfield took £298m in dividends from Center Parcs last year, up from £45.8m the year before, its accounts show. Center Parcs was hit by the [...]
Canadian Center Parcs-owner increases dividend more than 500 per cent despite profit slipping September 16, 2018 The Canadian owner of Center Parcs increased the dividend it took out of the holiday park operator by more than 500 per cent last year, despite a slide in profits. Brookfield took £298m in dividends from Center Parcs last year, up from £45.8m the year before, its accounts show. Center Parcs was hit by the [...]
House of Fraser to ‘axe brands’ in Sports Direct strategy rethink September 14, 2018 A number of House of Fraser brands are to be axed as part of a strategy rethink by new owners Sports Direct, it has been reported. Sources told fashion publication Drapers that brands such as Linea, Biba, Issa, Label Lab and Criminal Denim will removed, in line with Mike Ashley's strategy of turning the troubled department store into [...]
House of Fraser to ‘axe brands’ in Sports Direct strategy rethink September 14, 2018 A number of House of Fraser brands are to be axed as part of a strategy rethink by new owners Sports Direct, it has been reported. Sources told fashion publication Drapers that brands such as Linea, Biba, Issa, Label Lab and Criminal Denim will removed, in line with Mike Ashley's strategy of turning the troubled department store into [...]
Mike Ashley accuses Sports Direct shareholders of ‘stabbing him in the back’ September 14, 2018 Mike Ashley has accused Sports Direct shareholders of stabbing him in the back after the resignation of long-serving chair Keith Hellawell. In a strongly-worded statement, the founder and chief executive officer of the sports retailing giant today criticised shareholders for turning last week's annual general meeting (AGM) into a “media circus”. He said that shareholders had ceded [...]