Gymshark names bodybuilder Chris Bumstead as new shareholder September 10, 2024 Fitness apparel brand Gymshark has named bodybuilder Chris Bumstead as a new shareholder. The Solihull-headquartered business has not revealed the percentage stake Bumstead now holds. Gymshark was founded by Ben Francis and Lewis Morgan in 2012. In 2020, it was valued at more than £1bn when US private equity firm General Atlantic acquired a 21 [...]
Bargain hunting shoppers hit jeans brand Levi Strauss as it targets the ‘young and cool’ September 6, 2024 Levi Strauss has said bargain hunting shoppers are impacting its UK sales as it bids to target “young and cool” consumers. The Northampton-headquartered UK arm of the jeans brand added that it is starting to expand its retail partnerships in the country as “department stores continue to struggle and lose footprint”. The division made the [...]
Mike Ashley’s Frasers Group ups stake in Boohoo after shares slump September 2, 2024 Mike Ashley’s retail empire Frasers Group has further increased its stake in fast fashion giant, Boohoo. The Mansfield-headquartered group now holds 26.1 per cent of the shares in Boohoo, up from 25 per cent, according to a newly-filed document with the London Stock Exchange. Frasers Group, which owns the likes of Sports Direct and House [...]
Hamleys: World’s oldest toy store closes 40 loss-making shops as sales fall August 27, 2024 Toy retailer Hamleys is hoping a new digital strategy will help turn around its falling sales after closing 40 loss-making stores last year. The brand’s holding company has reported a revenue of £51.4m for 2023, according to newly-filed accounts with Companies House, down from the £56.6m it posted for 2022. Over the same period, its [...]
Sosandar announces third UK store in Newcastle’s Metrocentre as expansion continues August 20, 2024 Sosandar has announced plans for a third store in the UK as part of its transition to a “multichannel retailer”. The store in Newcastle’s Metrocentre is expected to open in October – in time for the key Christmas trading period. Sosandar opened its first two stores in Chelmsford and Marlow in September. The AIM-listed [...]