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Latest news

10 recent articles.

Walgreens Boots Alliance announced new chief executive

Walgreens Boots Alliance has announced that Roz Brewer will become its new chief executive on 15 March. She will replace Stefano Pessina who, as previously reported, is moving to the role of executive chairman of the business. Brewer most recently served as chief operating officer and group president at Starbucks Corporation,...

2 hours ago

Lidl is to award all UK front-line staff a one-off £200 payment

Lidl is to award all UK front-line staff a one-off £200 payment to thank them for their work and dedication during the coronavirus pandemic. The supermarket will make the payment to customer assistants, warehouse operatives and cleaners working in over 800 stores and 13 distribution centres. In addition, Lidl will give...

2 hours ago

Quiz saw its first half group revenue drop 73%

Fashion retailer Quiz saw its first half group revenue drop to £17.2 million from £63.3 million in the same period in the previous year. The decline was due in part to the closure of the retailer’s stores and concessions for a number of months during the coronavirus pandemic. In the six...

2 hours ago

Bloom & Wild raises £75 million to fund expansion

Bloom & Wild has secured £75 million Series D funding in a round led by US investor General Catalyst with participation from Index Ventures, Novatar, Latitude Ventures, D4 Ventures and existing investors Burda Principal Investments. The funding will be used to help Bloom & Wild expand in Europe.Aron Gelbard, co-founder and...

1 day ago

Westfield Stratford City to house Covid-19 vaccination centre

Westfield Stratford City shopping centre will be the home of a new Covid-19 vaccination centre from this week. Set up and run by East London NHS Foundation Trust, the centre will be open from 8am to 8pm seven days a week and will offer vaccinations on an appointment basis to people...

1 day ago

Feelunique saw its sales increase by 39%

Online beauty retailer Feelunique saw its sales increase by 39% to £28 million in the 12 weeks to 3 January after its number of active customers grew by 41% to 1.3 million. Sarah Miles, chief executive of Feelunique, said the retailer is on track to exceed £100 million in sales and...

1 day ago

John Lewis Partnership repays Covid-19 loan

John Lewis has made an early repayment of a £300 million HM Treasury and Bank of England Covid Corporate Financing Facility. John Lewis Partnership said in a statement: “Despite the head winds of the last year when John Lewis stores were closed for several months, and future trading volatility, the partnership...

1 day ago

ASOS in talks to acquire Topshop, Topman, Miss Selfridge and HIIT

ASOS has confirmed that it is in exclusive discussions with the administrators of Arcadia over the acquisition of the Topshop, Topman, Miss Selfridge and HIIT brands.  Arcadia Group entered administration late last year after the closure of non-essential stores during the second UK Covid-19 lockdown impacted trade. The group’s retail portfolio...

1 day ago

Boohoo acquires Debenhams

Boohoo has acquired the Debenhams brand and website for £55 million from the department store’s joint administrators. In a statement, the online fashion retailer said the acquisition would provide it with a “fantastic opportunity” to grow its market and increase its wallet share, particularly as Debenhams has a high brand awareness...

1 day ago

AO World recorded its strongest ever peak trading period

AO World recorded its strongest ever peak trading period in the run-up to Christmas.  In the three months to 31 December, UK revenue climbed by 67.2% to £457.3 million while revenue in Germany increased by 77.4% to €73.6 million. In a trading statement, AO said the significant demand for its products...

About 1 week ago

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