The latest news
Zara founder buys luxury apartment building in Dublin for $108 million
Spanish billionaire and Zara founder Amancio Ortega has bought a luxury residential building with 120 apartments for rent in Dublin, Ireland, for around 100 million euros, his private firm Pontegadea said on Friday.
Activist shareholder calls for action at THG
THG is being urged to up its game. Activist shareholder Kelso Group has increased its holding in the online retail and technology giant while demanding its board delivers results.
Delayed Sloane Street transformation to start, will see £46m spend
London’s Sloane Street is to be transformed into a greener and even more appealing shopping destination in a partnership between landlord/developer Caodgan and the local authority.
WGSN owner says revenue rises, but non-fashion is growth driver
Up-for-sale WGSN could have a new owner before the end of April. That’s the news from UK-based specialist information and analytics owner Ascential that earlier decided to offload the UK-based business in January.
H&M profit gets Q1 Sellpy boost, says womenswear, COS and Arket are strong
H&M’s Q1 results showed the company increasing operating profit, net profit and sales in the three months to the end of February. But challenges remain and many spring season sales have been delayed by cold weather.
GXO Direct launches warehousing solutions for UK SMEs
It’s big in the world of UK and Ireland logistics with a client list already including M&S, ASOS, and Matchesfashion. But GXO has now launched GXO Direct in the UK offering shared warehousing solutions for smaller firms.
Next has good year, says price rises will slow
Fresh from news of its latest acquisition — Cath Kidston — Next has reported its annual results and as is usually the case with the company, it achieved a performance many peers would envy.
Next confirms Cath Kidston acquisition for £8.5m
Next has confirmed its widely expected purchase of the Cath Kidston brand. In the briefest of stock exchange announcements the company said it's paying £8.5 million for the brand.
Footfall set for big Easter boost as consumers bide their time
Expect this year’s long Easter weekend to be strong for UK retail. That’s the forecast from MRI Springboard, which thinks shoppers are “holding back in anticipation”.
Landsec takes full control of St David’s mall, buys adjacent ex-Debenhams space too
Landsec now owns all of the successful St David's shopping centre in Cardiff, as part of the commercial property giant’s bid to build on “operational and strategic momentum”.
Hotter owner Unbound mulls possible takeover by WoolOvers Group
Unbound Group is the latest stock exchange-listed UK business to consider a takeover offer that may be well above its market capitalisation based on its recent share price, but is still far below its all-time high.
Next in talks on Cath Kidston buy, deal possibly imminent
Next is back on the acquisition trail. The retail giant, which delivers its results later this week, is reportedly in “advanced talks” about buying troubled Cath Kidston.
Matalan names new Chair from Takko, ex-Co-op food leader Whitfield is CEO
There’s a new leadership team at Matalan with the company announcing on Monday that Karl-Heinz Holland is now the company’s Chair and Jo Whitfield joins as CEO.
Luxury activity exploded in 2022, pop-ups were key - report
Luxurynsight has released its annual Global Luxury Brand Analysis report and found an unsurprising double-digit rise in overall activity for fashion and leather goods last year as the world 'normalised post'-pandemic.
UK Gen Z shoppers embrace VAT-free EU spending post-Brexit
The UK may have failed to offer the hoped-for Vat-free shopping for EU tourists post-Brexit, but British tourists are taking advantage of their ability to shop tax-free within the EU, and Gen Z is leading the charge.
Mary Portas weighs in as John Lewis controversy continues
JLP Chairman Sharon White is mulling bringing in an outside investor, but the idea has sparked a big backlash and at the weekend, a high-profile industry insider accused the retailer of losing sight of what’s important.