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      Mike Ashley’s Frasers makes £1.7bn takeover offer for Hugo Boss

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  • Chris Smalling and ITV-backed vegan food brand smashes fundraising target

    March 5, 2024

    A vegan food brand backed by the likes of former Manchester United footballer Chris Smalling and ITV has smashed through its crowdfunding target.

  • ‘This clearly shows the absurdity of UK stock market valuations’: Currys urged to accept offer that values it at over £1bn

    March 5, 2024

    Currys should accept a takeover offer that would value the company at more than £1bn, according to one of its shareholders.

  • Marks boss: Running a business under this government is like ‘going up a down escalator with a rucksack on your back’

    March 5, 2024

    Marks and Spencer boss Stuart Machin has said operating a business under the current government is like “running up a downwards escalator with a rucksack on your back”.

  • Wettest February on record leads to poor month for retail

    March 5, 2024

    New figures from the British Retail Consortium (BRC) showed that retail sales increased 1.1 per cent in the year to February, down from 5.2 per cent last year and below the three-month average of 1.4 per cent.

  • New Footasylum CEO named as former boss takes role with The Body Shop owner

    March 4, 2024

    The CEO and executive chairman of Footasylum is to step down and take on a role with Aurelius, the German private equity firm that owns the brand and The Body Shop.

  • Matalan turns to AI in ‘retail first’ as it predicts productivity to quadruple

    March 4, 2024

    Matalan launched a Generative AI (GenAI) tool in a "retail first" which it has said will lead to a quadrupling of productivity.

  • Pukka Pies: New products help sales and profits rise

    March 4, 2024

    New products helped sales and profits rise at Pukka Pies during its latest financial year, according to newly-filed accounts.

  • The Body Shop under fire for missing millions and ‘profitable’ closures

    March 3, 2024

    Dozens of The Body Shop stores shut despite them being profitable. Now questions have been raised about the circumstances behind the closures.

  • Frasers’ buying spree continues as it snaps up online bike store Wiggle

    March 3, 2024

    Sports Direct owner Frasers Group has bought online bike store Wiggle out of administration, betting that demand for bikes will eventually recover.

  • The week that was: St James’s Place and Reckitt lead painful few days for the City

    March 2, 2024

    A week in which 50 firms posted their final results was always going to produce some news. St James's Place and Reckitt defined a bruising few days for the Square Mile.

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