Mike Ashley’s Frasers Group tables £83m Mulberry takeover bid after capital raise snub September 30, 2024 Mike Ashley’s Frasers Group has tabled a £83m takeover of Mulberry and launched a tirade against its board after allegedly being shut out of discussions over a £10m fund raise. The retail giant, which owns a 37 per cent stake in Mulberry, offered £83m for the rest of the luxury fashion brand, valuing each share [...]
Profit slashed at King Charles’ bed maker Sleepeeze ahead of takeover September 30, 2024 Profit at Sleepeeze, King Charles’ favoured bed maker, was slashed by more than 50 per cent in the year before it was acquired, it has been revealed. The Kent-headquartered business has reported a pre-tax profit of £159,261 for 2023, down from the £360,565 it reported for 2022. Newly-filed accounts with Companies House also show its [...]
Nestlé: UK profit almost doubles as sales pass £2bn September 27, 2024 The UK arm of Nestlé almost doubled its profit in its latest financial year as sales passed £2bn, the company has revealed. The York-headquartered division reported a pre-tax profit of £162.4m for 2023, up from the £82m it achieved in 2022. According to newly-filed accounts with Companies House, the UK arm’s turnover also increased from [...]
Bravissimo: Founder sells up ahead of 30th anniversary September 27, 2024 Lingerie retailer Bravissimo, which was set up by entrepreneur Sarah Tremellen almost 30 years ago, has been sold to a Japanese giant. The Warwickshire-headquartered company has been snapped up by Wacoal’s European division, which is based in Northamptonshire, for an undisclosed sum. Tremellen has owned Bravissimo with her husband Mike since she founded the firm [...]
Aybl: Record profit for Castore rival backed by Gymshark co-founder September 26, 2024 Profit at athleisure brand Aybl surged to record levels during its latest financial year after its sales jumped by almost £10m. The Redditch-headquartered company has reported a pre-tax profit of £6.1m for the year to 31 March, 2024, according to newly-filed documents with Companies House. The new total comes after Aybl posted a profit of [...]
Beaverbrooks: Profit slashed despite record sales for diamond, jewellery and watch seller September 25, 2024 Profit at diamond, jewellery and watch retailer Beaverbrooks has been slashed despite it reporting another year of record sales. The family-owned retailer has posted an operating profit of £10.5m for the year to the end of February 2024, down from the £25.7m it achieved in the prior 12 months. Beaverbrooks said its profit had reduced because [...]
Berghaus: Loss widens after lower sales through JD Sports September 25, 2024 A fall in sales through JD Sports saw outdoor clothes brand Berghaus make a pre-tax loss for the sixth year in a row, it has been revealed. The Sunderland-headquartered business, which is owned by the Pentland Group, has reported a pre-tax loss of £9.1m for 2023, after also making a loss of £3m in 2022, [...]
Bulgari: ‘Stagnant UK economy and the lack of tourists’ force luxury brand into the red September 25, 2024 An uptick in the sale of high-end jewellery and watches failed to stop the UK arm of Bulgari falling into the red during its latest financial year. The London-headquartered division, which is part of the LVMH Group, said that while its overall turnover declined in 2023, it still expects the sale of jewellery and watches [...]
Clapham Junction and London Waterloo drive sales at UK train station shops September 24, 2024 Network Rail's most recent data revealed a 10 per cent rise in retail sales across its portfolio of 19 Great British stations.
Bubble tea seller Gong Cha falls into the red after Lunar New Year change September 24, 2024 Bubble tea seller Gong Cha fell into the red as its sales in Korea, the US and Australia all took a hit during its latest financial year. The London-headquartered business has reported a pre-tax loss of $12.4m (£9.2m) for 2023, according to newly-filed documents with Companies House. The loss comes after Gong Cha posted a [...]