Carpetright’s rival is the frontrunner in the race to purchase the flooring retailer. Tapi, a company founded by the members of the Carpetright family, has submitted a formal offer to
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Adidas has raised its full-year forecast for the second time this year, in just three months. This is the latest sign that the turnaround plan of its CEO’s is gaining
Ocado’s boss said that the company is committed to its London listing, even though it was relegated earlier this year from the FTSE 100. Tim Steiner said that he did
Burberry’s chief executive has been fired and its dividend canceled after the latest of a string of profit warnings. The shares of the British luxury brand plunged after the announcement
Lawyers say that Shein’s pursuit for a London listing placed the UK Financial Conduct Authority (FCA) under intense scrutiny. The regulator is weighing up its approval while trying to balance
Carpetright is for sale, which could result in hundreds of closures of stores and the loss thousands jobs. PwC has been appointed to launch the formal sale process by the
Mike Jatania, a British tycoon, is close to completing a deal with The Body Shop as he continues his race to save the remaining high-street chain. Mr Jatania, it is
Ocado Group is planning to build a robotic third warehouse with its Japanese retail partners. The online supermarket group and technology company announced that it would expand its partnership with
If a landmark case against British Airways or easyJet is successful, millions of passengers may be compensated for delayed flights. British Airways and easyJet have been fighting to dismiss the
The employee share scheme of Britain’s largest supermarket chain is set to pay out more than £30million in total. Tesco announced that over 20,000 employees, who work mainly in its
Marks & Spencer faces shareholder concerns over its annual dividend of just 3p, despite paying millions of pounds to its top executives in bonuses. At the retailer’s annual meeting, held
HM Revenue & Customs has filed a petition to wind up Jessops. The 89-year old camera shop chain is now owned by Peter Jones. He is the Dragons’ Den actor.
Marks & Spencer has increased its stock of women’s clothing in smaller sizes after a surge in sales left gaps in the shelves. Stuart Machin is the chief executive at
Marks & Spencer will launch a clothing-repair service. Customers will be able to get alterations and repairs from August, as the retailer responds to an increased demand for fashion that
Mike Ashley’s Frasers Group forged an agreement with THG, which will make it the first third party retailer to use their buy-now-pay-later product. The multi-year agreement will see the online
The low quality of high-street fashion contributes to the 30,000 containers of clothing, homewares and other goods that are thrown away by British consumers each year. John Lewis has launched