Skip to content
CityAM
Main navigation
Sign Up
  • News
    • Latest News
    • Property
    • Media
    • Technology
    • Retail and leisure
    • Transport and infrastructure
    • Law & professional services
    • Legal Notices
    • Banking
    • Politics
    • CFA Institute Talk
  • Markets & Economics
    • Markets & Economics News
    • Economics
    • Markets
    • The Trend Micro Cybersecurity Knowledge Hub
    • Talk Crypto
    • M&A Talk
  • Crypto A.M.
    • Crypto News
    • Crypto Magazine
    • Crypto AM Summit & Awards 2022
  • Opinion
    • Features
    • Letters
    • The City View
  • Money
    • Jobs and Money News
    • Personal Development
    • Jobs
    • Fintech
    • Money
    • Personal Finance
    • Nine smart ideas for improving your financial outlook
    • Warwick Business School
  • Unwind
    • Life & Style
    • Sport
    • The Punter
    • The Magazine
    • Travel
    • Sport Business
    • The Punter Podcast
    • Culture
    • Six Nations 2023
    • LIV Golf
    • Aramco Team Series
  • Impact A.M.
    • Impact A.M.
    • DiverCity Podcast
    • Partner Hubs
  • Latest Paper
  • Jobs
  • CityAM Awards 2023
  • Charity

Retail and leisure

  • Boots owner to slash HQ jobs in cost-cutting push

    retail woes

    Walgreens Boots Alliance Inc WBA.O said on Friday it would slash its corporate staff by about 10%, as it streamlines operations and focuses on consumer-facing healthcare businesses. None of the 504 roles being cut are based at its stores, micro-fulfillment outlets or call centers, a company spokesperson told Reuters. Walgreens, one of the largest U.S. pharmacies, has [...]

  • Cazoo debtholders bring in bankers to advise on key talks

    Cazoo

    Lenders to Cazoo, the online car retailer, have enlisted bankers to lead talks with the group about a £510m debt restructuring.  According to reports today from Sky News’ Mark Kleinmann, funds with more than £500m held in the London-based firm, have enlisted PJT Partners to advise them on negotiations with the company. Cazoo has faced [...]

  • New Look in talks with lenders to refinance £100m debt

    New Look

    New Look is reportedly in talks with its lenders to refinance £100m of debt amid a challenging time for the British fashion chain.  New Look is understood to be working with advisers at Deloitte on exploring options for a term loan which ends its June 2024, according to reports in Sky News.  Sources told the [...]

  • John Allan: Tesco chair mulls legal action over sexual misconduct allegations

    May 26, 2023

    John Allan, the outgoing chief of Tesco, has hired a law firm to defend himself after he was accused of engaging inappropriately with women during his tenure at the CBI.  “I’m determined, as far as I possibly can, to prove my innocence,” Allan told the Times, revealing that he has hired media law firm Schillings [...]

  • Asos share price in focus after £75m cash call

    May 26, 2023

    Asos has tapped shareholders for £75m as the loss making retailer attempts to repair its balance sheet. The pure-play digital retailer revealed the plans to investors yesterday, with the fundraising underwritten by three shareholders including Danish billionaire Anders Povlsen, the owner of Bestseller through his investment vehicle.  In a separate cash building move, Asos also [...]

  • Retail sales up in April but analysts warn on implications of further rate hikes

    May 26, 2023

    Retail sales volumes recovered slightly by 0.5 per cent in April as the sector was lifted by the Easter holidays, however high inflation and strains on household finances continue to hinder spending. Non-food stores sales volumes rose by 1.0 per cent during the month, data from the ONS shows, following a fall of 1.8 per [...]

  • Asda owners tying up £10bn merger with petrol giant EG

    May 25, 2023

    The billionaire owners of Asda and petrol giant EG are reportedly gearing up to tie a ribbon on their £10bn merger in Britain.  The deal, which will create a cluster of 170,000 employees and revenues of £30bn, is set to be announced on Friday, according to reports in Sky News.  If confirmed, the group will [...]

  • Pets at Home to open 40 new stores as pandemic puppy trend looks here to stay

    May 25, 2023

    Retailer Pets At Home has unveiled plans to open at least 40 new stores across the UK under aims to become the “world’s best pet care platform” after posting record annual results. The firm’s chief executive Lyssa McGowan said the group was spending £400m on an ambitious growth strategy that would see it expand its [...]

  • Non-alcoholic beer maker Big Drop signs licensing deal with In Good Company

    May 25, 2023

    Leading non-alcoholic beer maker Big Drop has secured a licensing agreement with Bermondsey-based brewer In Good Company in a bid to expand its business across the UK, US, and Australia. 

  • That’s the tonic! Board shakeup at Fever Tree after revenue spike

    May 25, 2023

    Upmarket tonic maker Fever Tree is confident that a summer full of G&Ts will help continue to strengthen its balance sheet, as the group forecast revenues to reach upwards of £390m this year.  Ahead of its AGM today, the drinks maker told investors that Fever-Tree recorded its highest ever value share in the On-Trade during [...]

Posts navigation

  • Page 1
  • Page 2
  • Page 3
  • …
  • Page 908
  • Next

Trending Articles

  • Florian Zeller interview: The Son director on fighting the shame of mental illness

  • Monzo founder Blomfield fires parting shot at London as he packs bags for San Francisco

  • London takes global tech capital crown from New York

  • Motoring? Car industry defies Brexit warnings with EU export surge

Subscribe

Subscribe to the City A.M. newsletter to have our top stories delivered directly to your inbox.

Subscribe
  • About us
  • Advertising
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • News
  • Markets & Economics
  • Opinion
  • Jobs and Money
  • Unwind
  • Crypto A.M.
  • The Punter
  • COP 26
  • Awards 2023

Follow us for breaking news and latest updates

  • Newsletters
  • Latest paper
  • Advertising
  • CryptoAM.io
  • Awards
  • About
  • Tickets
Copyright 2023 City A.M. Limited