REPORT Department store chain House of Fraser has reported strong Christmas sales with an 8 percent rise in like-for-like sales in the six weeks to January 3, compared with the same period last year. The company, majorly owned by Chinese conglomerate Sanpower, who picked up an 89 percent stake in the […]

Handbags and accessories retailer Coach is nearing a deal to buy shoe company Stuart Weitzman, according to media reports, citing people familiar with the matter. A deal could be announced as soon as this week. Coach will pay in the 600 million dollar range for the upscale shoe brand, the reports said. […]

Struggling fashion retailer Bank has entered into administration, less than two months after it was sold off by JD Sports Fashion to restructuring specialist Hilco Capital last November. Deloitte will over see the administration with partners Bill Dawson, Daniel Smith and Paul Meadows being named joint […]

Department store John Lewis has reported that’s its click-and-collect offering has driven online sales growth over the Christmas period, with total sales reaching 777 million pounds in the 5 weeks to December 27. Christmas sales were up 5.8 percent on last year and a rise of 4.8 percent on a like-for-like […]

Struggling UK retailer Tesco may have to inject an extra 300 million pounds per year for the next ten years to fill a gap in its multibillion employee pension scheme, pushing the retailer further back in its ongoing efforts to fix profitability. Tesco denied to comment on the extend of its pension deficit […]

REPORT In its annual report for the 52 weeks to May 31, 2014, Fat Face said that its revenues grew by 11.9 percent to exceed 200 million pounds (310.7 million dollars) for the first time and a focus on improving gross margin throughout the group ensured that the conversion of sales to EBITDA was strong. […]

REPORT Full price sales in the 58 days from October 28 to December 24, 2014 at Next, were up 2.9 percent, towards the upper end of the fourth quarter sales guidance range issued in its October statement. Total sales for the year to December 24 were up 7.7 percent. The company expects full year profits […]

Former Jaeger owner Harold Tillman has made an approach to buy back the upmarket store chain and fashion label he sold 2 years ago, the current owners, private equity company Better Capital, reels from the collapse of one of its other investments. Tillman contacted Better Capital founder Jon Moulton […]

A week after Los Angeles-based fashion retailer American Apparel confirmed a possible takeover bid, rumours have emerged the retailer has hired investment bank Moelis & Co. to investigate strategic options for the company's future. According to WWD, sources familiar with the matter Moelis & Co. will […]

Intu Properties, which owns shopping centres across the UK including the Trafford Centre and Lakeside, has acquired the Puerto Venecia shopping centre just south of Zaragoza in Spain. Intu exchanged contracts before Christmas with Orion European Real Estate Fund III C.V., a fund managed by Orion Capital […]

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