Historic French Luxury Leather Goods House Moreau Paris Sold to Leading Manufacturer August 3, 2026 ASTEREN announces that the Paris Commercial Court has approved the acquisition of Moreau Paris, one of France’s most prestigious luxury leather goods houses, by Cardinal Invest, owner of the French luxury manufacturer Groupe Lécuyer. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260803029803/en/ The transaction concludes a competitive international sale process conducted under [...]
Can a team of retail veterans solve Argos’ catalogue of woes? July 31, 2026 The death of the Argos catalogue in 2021 after nearly half a century prompted a period of mourning for many in Britain – including the retailer’s new owner. “I used to sit around the kitchen table putting green shield stamps into books,” Richard Pennycook said on Friday, referring to the original iteration of the catalogue. [...]
Revolut will become $1 trillion company by 2035, says early VC backer July 31, 2026 Revolut will secure a price tag of $1 trillion within a decade, an early backer of the fintech has claimed. The digital banking juggernaut is in the midst of a secondary share sale at an expected valuation of $115bn and was last valued at $75bn in November 2025, when it landed investment from chip giant [...]
KKR and Mirastar Complete Acquisition of Portfolio of Four Prime UK Logistics Assets from PLP July 31, 2026 KKR and Mirastar, KKR Real Estate’s industrial and logistics platform in Europe, have announced the acquisition of a portfolio of four prime UK logistics assets from PLP for approximately £170 million, totalling 1.25 million square feet. The portfolio comprises assets in Stafford, Crewe, Ellesmere Port and Wakefield, all located within established logistics markets across the [...]
Sainsbury’s to sell Argos in £120m cut-price deal July 31, 2026 Sainsbury’s has said it will sell long-struggling catalogue retailer Argos for £120m, a fraction of the £1.4bn it bought it for a decade ago. The supermarket giant has struck a deal with Swift Partners – a new company led by On the Beach chairman Richard Pennycook and former Morrisons boss Trevor Strain. Their takeover will [...]
Currys hands outgoing boss Alex Baldock £2m pay rise July 30, 2026 FTSE 250 giant Currys has handed its outgoing boss Alex Baldock a more-than-£2 m pay rise, capping off the chief executive’s successful turnaround of the business. The electrical retailer handed Baldock a £6.3m total pay package this year, marking a 54 per cent hike from last year’s £4.1m. Baldock joined Currys in 2018 and is [...]
Western Europe’s Fashion E-commerce Market Matures, Representing 20% of Online Consumer Spending as Gen Z Drives momentum July 30, 2026 Second-hand platforms and value-focused retailers are disrupting Western Europe’s fashion market, which accounts for nearly one-fifth of online spending
LSEG boss hails ‘growing momentum’ of Pisces as profit soars July 30, 2026 The boss of London Stock Exchange operator LSEG has hailed the “growing momentum” of its new Pisces venue as it reported a jump in profit. Chief executive David Schwimmer said the new private markets venue, which recently saw some of its first major transactions, was “opening up significant new market opportunities.” Earlier this month, autonomous [...]
AB InBev Reports Second Quarter 2026 Results July 30, 2026 Solid top- and bottom-line performance: Revenue up by 5.6%, Beer volume growth of 1.1% and a 23.4% Underlying EPS increase
Everest Reports Second Quarter 2026 Results July 29, 2026 Annualized 14.2% Net Income ROE and 14.9% Net Operating Income ROE Annualized Total Shareholder Return of 16.8% $559 million of Net Income and Combined Ratio of 92.0% $317 million of Underwriting Income and Combined Ratio of 90.0% from our Core Businesses* Repurchased $395 million of Common Shares During the Quarter