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Business

Walgreens presses pause on plans for Boots IPO

Walgreens Boots Alliance Inc. (WBA.O) has reportedly shelved its plans for a potential initial public offering (IPO) of UK-based drugstore chain Boots as it continues to explore other opportunities. On Friday afternoon, Bloomberg News reported that Walgreens Boots Alliance was continuing “informal talks with potential buyers” for Boots, which...

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Background

Sale and special offers: a closer look at the discounting practices in the fashion industry

Discounting has become somewhat of the norm in the fashion industry today, with clearance culture emerging as the solution to excess stock for many retailers and brands. But could this practice be doing more harm than good? This background piece looks at sale and discounting practices. Contents • In fact, there’s not always a sale on • What...

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Bankrupt Renewcell receives multiple bids

Things aren’t over yet for Renewcell, as the Swedish textile recycling company is said to have received “multiple bids” for its business and assets. The bankruptcy trustee confirmed that several purchase offers had been submitted for the business and estate assets ahead of the deadline on March 28. All offers are said to be undergoing a thorough...

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RetailFeatured

Half of global luxury shoppers buy at discount

Half of global luxury shoppers are partial to a bargain. According to the YouGov Affluent Perspective’s Global Luxury Retail Report 2018, half of all global luxury shoppers state they “only buy luxury when it is discounted.” The report, which focuses on the 56 percent of global affluents shoppers who purchase luxury products and services across...

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BusinessFeatured

Henri Lloyd acquired out of administration

British sailing apparel brand Henri Lloyd has been bought out of administration by Aligro UK Limited, in a deal which has led to 128 jobs being axed. The clothing retailer, best known for its sailing and water resistant apparel, appointed Chris Ratten and Jeremy Woodside from RSM Restructuring Advisory LLP as joint administrators of Henri-Lloyd...

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Retail

21.5 million Brits to shop online this Cyber Monday

London - 21.5 million UK shoppers are expected to shop online this Cyber Monday, as the discounting frenzy which officially began in Black Friday continues. Experts indicate that Cyber Monday sales may even surpass Black Friday sales this year, as online retailers offer even deeper discounts and more deals. Cyber Monday, traditionally seen as a...

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RetailFeatured

UK retailers roll out Black Friday deals despite lack of optimism

London - High street retailers ranging from H&M to House of Fraser to Asos have already begun their Black Friday deals, despite research indicating an overall lack of interest in the day as well as optimism concerning the results of discounting holiday. Only one out of three (33 percent) retailers believe Black Friday will have a positive effect...

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Business

Is Orlebar Brown headed for a 50 million pound sale?

London - Luxury British swimwear label Orlebar Brown, is preparing to make a splash in unchartered waters as it reportedly gears up for a 50 million pound sale. The high-end label, best known for its tailored swimming trunks favored by the likes of Ryan Reynolds, Michael Fassbender and David Gandy, is said to have hired business advisors from...

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Business

Private equity firms prepare final bids for Shop Direct

Liverpool-headquartered Shop Direct is set to receive binding offers from three private equity funds. Apax Partners, BC Partners and Hellman & Friedman are said to be preparing their final offers for the online retailer, which is currently valued at 3 billion pounds according to reports from Reuters. The three companies are understood to have...

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Business|UPDATE

​Kate Spade asks for more time following Coach bid

London - Kate Spade & Co. is said to need more time to mull over Coach's take over bid. The latter reportedly made an offer to take over the US premium handbag label last week, although it remains unclear how much Coach has offered. By taking more time to go over the sale process gives potential buyers more space to assess Kate Spade's first...

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Business

Hobbs owner 3i reportedly prepares to offload the retailer

London - Private equity group 3i is said to be preparing women’s wear retailer Hobbs for sale. The premium label, a favourite of the Duchess of Cambridge, could sell for as much as 80 million pounds, according to a report from the Sunday Times. 3i is said to be close to hiring investment banker NM Rothschild to oversee the sale, after owning the...

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Business

Online fashion marketplace Pret a Portobello goes up for sale

London - Online fashion marketplace Pret a Portobello is currently up for sale. The fashion e-tailer, which allows independent fashion brands and designers the freedom to sell their products online via 'market stalls' on its site, sale will be handled by Metis Partners, an intellectual property consulting firm. The intellectual property assets...

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