Ted Baker has cut around 200 head office roles as part of a restructuring exercise. According to Drapers, the jobs were made redundant earlier this month across the fashion retailer’s sourcing, finance, production and footwear departments. Ted Baker was acquired by Authentic Brands Group in a £211 million deal in the autumn of last...
JD Sports has signed to take a new store at Epsom’s Ashley Centre. Set to open later this year, the 4,453 square foot space will be situated on Ashley Centre’s ground level near the central square, adjacent to the likes of Monsoon and New Look. The shop will offer the sportswear giant’s...
B&M has posted a 13.5% increase in first quarter group revenue to £1.32 billion. In the 13 weeks to 24 June 2023, the retailer enjoyed strong trading momentum across all three of its retail fascias. B&M UK grew its like-for-like sales by 9.2% after both its grocery and general merchandise categories performed well. Meanwhile...
Poundland is to recruit for around 120 new roles at its Barnsley chilled and frozen food hub in South Yorkshire. Now set to become Poundland’s second digital hub, the facility in the town’s Darton area was acquired by Poundland when it bought Fultons Frozen Food. Poundland is planning to increase the number...
Kering Beauté has acquired the Creed fragrance brand from funds controlled by BlackRock Long Term Private Capital Europe and current chairman Javier Ferrán. Established in 1760 by James Henry Creed, the House of Creed is the largest global independent player in the high-end fragrance market. While preserving Creed’s heritage and high-end brand...
Boots is to close 300 UK stores over the next 12 months as part of US parent company Walgreens Boots Alliance’s plans to “optimise” locations. It is understood that there will be no redundancies and staff will be offered employment at nearby stores. In addition, 150 Walgreens branches in the US will...
Luxury brand Mulberry has posted a 4% full year revenue increase to £159.1 million as it continues to deliver on its strategic objectives. In the 52 weeks to 1 April, retail sales in the Asia Pacific region rose by 3% while other international retail sales increased by 12%. However, UK retail sales...
Ocado has appointed former Ted Baker chief executive Rachel Osborne as a non-executive director. Due to take up her role on 1 September 2023, Osborne will also be a member of the audit committee and the people committee. Having stepped down as chief executive of Ted Baker this month, she previously served as...
Sainsbury’s has announced a further round of price reductions as it invests £15 million in cutting the price of cupboard staples such as rice and pasta This will include the retailer becoming the only supermarket to offer Freefrom pasta at the same price as standard pasta. Sainsbury’s is also announcing that all...
Embattled cinema chain operator Cineworld is set to file for administration and suspend trading on the London Stock Exchange next month as part of a major bankruptcy restructuring plan, the firm revealed today. In a statement this morning, the cinema firm said its proposed restructuring would involve calling in administrators and could release approximately...
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