Poundland sold for just £1 and handed war chest to lead recovery June 12, 2025 Poundland has been sold for just £1 to investment giant Gordon Brothers in a deal which will provide the discount retailer with a £80m war chest to turn around its fortunes. Pepco Group has entered into a definitive agreement with Gordon Brothers to sell Poundland which will continue to be led by chief executive Barry [...]
Tesco: Supermarket giant widens market share amid price war June 12, 2025 Supermarket juggernaut Tesco delivered an upbeat trading statement for the first three months of the year as the price war in the competitive UK grocery market rumbled on. Food sales at the grocer were up 5.9 per cent year-on-year led by a strong performance in fresh food. Meanwhile, non-food sales climbed 6.2 per cent after [...]
Profit almost wiped out at Asda billionaire’s empire ahead of mega IPO June 11, 2025 Profit at EG Group, the empire co-founded by a major investor in supermarket giant Asda, has almost been wiped out ahead of a planned $13bn float in New York. The Blackburn-headquartered group was formed by brothers Mohsin and Zuber Issa and is now co-owned by private equity giant TDR Capital. Now, new accounts filed with [...]
Fuller’s toasts stellar year as Brits flock to pubs June 11, 2025 Hospitality giant Fuller, Smith & Turner has become the latest UK pub chain to report a stellar year of trading as Brits continue to head to pubs despite financial constraints. The FTSE 250 company told markets this morning that revenue rose 4.8 per cent to £376.3m in the 52 weeks to March 29. Like for [...]
Boardroom Uncovered: How work from home policies have changed business June 10, 2025 Pret A Manger UK managing director, Clare Clough, said work from home patterns are influencing where the business opens new stores.
How WFH is influencing where Pret A Manger will open new stores June 10, 2025 The move to working from home post-pandemic is having an impact on where Pret A Manger will open new stores, its UK boss has said.
Spending more on less: Premiumisation emerges as retail winner June 10, 2025 Most people will be familiar with retail premiumisation from the pandemic. Faced with a sudden boost in the number of Brits on furlough with time to spend looking for products, a number of retailers – partially luxury and alcohol retailers – bumped up their supply of more expensive, premium products. The strategy worked well, for [...]
Retail shrinks by over 360,000 jobs in a decade June 10, 2025 The number of retail jobs in the UK has shrunk by more than a tenth since 2015, according to new data. There were 2.76m jobs in retail in March 2025, 360,000 fewer than in 2015, according to the latest report by the ONS. The number of full-time jobs has fallen by 117,000 since 2015, while the number [...]
M&S: FTSE 100 retail giant resumes online orders after cyber attack June 10, 2025 Marks and Spencer has resumed online orders six weeks after a cyber attack forced it to pause e-commerce operations. On its website, M&S said that customers “can now place online orders for home delivery to England, Scotland and Wales”, while deliveries to Northern Ireland will restart in the coming weeks. In a Linkedin post, managing [...]
Represent: Clothing brand almost doubles sales in two years June 10, 2025 Sales at clothing brand Represent jumped towards the £100m mark in a “landmark year” which saw it double down on collaborations, grow its activewear and expand into further into the US. The business, which was founded by brothers George and Michael Heaton, has posted a turnover of £93.8m for 2024, up from the £80.8m it [...]