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Retail
Sainsbury’s, Asda and land banking ‘harmed customers’
Sainsbury's, Asda and the Competition Watchdog have both been accused of breaking land-use laws in order to prevent rivals from opening up shops near their stores.
The Competition and Markets Authority (CMA) has ordered supermarkets to…
Mike Ashley’s Frasers Group acquires a 19% stake in AOWorld
Mike Ashley's Frasers Group bought shares from Odey Asset Management to acquire a 19.1% stake in AO World.
Frasers purchased the shares for a total of £75 million. This will be added to their other investments, including Asos. Frasers…
Kardashian launches clothing line worth $3.2 billion for floatation
The boss of Kim Kardashian's $3.2billion shapewear label says that it is a worthy candidate for flotation. He has been sculpting plans for the first shop to be opened in Britain.
Skims was founded by the celebrity in 2019, after she…
Sharon White says that John Lewis Partnership is likely to make a profit by 2026.
Dame Sharon White pledged that the John Lewis Partnership would return to a "sustainable" profit by 2026. This may require outside investments.
White stated that she has "a plan" for her partnership. The partnership reported a loss this…
Asos got a £1.4 billion deal last year.
The Sunday Times reported that people familiar with the issue in London told them that Asos Plc was approached by Turkish online retailer Trendyol to take over the company in December.
People familiar with the matter informed the…
Asos is on alert after an approach by Alibaba-backed rival
Asos has been put on alert for bids after a Turkish firm backed by Chinese giant Alibaba approached the online fashion retailer with a £1-billion offer.
According to sources in the city, Asos was approached by Trendyol of Turkey, an…
The new success stories in Europe are based on luxury, not technology
In an era of huge wealth inequality and slow economic growth, this raises difficult questions for the continent.
The global luxury sales boom has been a boon for European markets. This is a positive development. This success story…
David Potts, Morrisons boss, says that being owned by private equity is a good thing for the…
Wm Morrison Supermarkets' chief executive has said that private equity ownership is good for the grocery store chain.
Since its leveraged buyout of Clayton Dubilier & Rice for £7 billion in 2021, Morrisons is a favorite among critics…
WH Smith is betting on a strong travel demand this summer
WH Smith increased its profit forecast for the current financial period as it bets that strong travel demand will continue during the summer.
The retail chain, which sells everything from sandwiches to stationery and is located in…
B&M revenue reaches £4.9bn thanks to bargain hunters
B&M's and Heron Foods boss says that customers who were struggling to pay for their daily expenses chose the cheaper competitors.
B&M European Value Retail's group revenue grew by 6.6% to £4.9 billion during the year ending March…