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Sport & Leisure
Adidas sells Reebok to ABG for £1.75bn
Adidas has agreed a deal to sell Reebok for up to €2.1bn (£1.75bn) to American clothing brand Authentic Brands Group…
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Economy
UK economy surges 4.8% in June
The UK economy grew by 4.8% in June as Covid-19 restrictions surrounding retail and leisure were eased across the UK,…
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Online & Digital
Amazon to pay customers injured by third-party products
Amazon will pay for claims up to $1000 (£720) for US customers who suffer injury or property damage from faulty…
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Government
Bira in talks with metro mayors to help retailers post-pandemic
The British Independent Retailers Association (Bira) has said it is involved in discussions with mayors of UK metropolitan cities to…
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Supermarkets
McColl’s plots £30m capital raise
The McColl’s convenience store chain has said it is considering undertaking a capital raise fund to accelerate the expansion of…
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Supermarkets
Sainsbury’s opens new site at York railway station
Sainsbury’s has announced the opening of its newest store, located in York railway station. The group said the store will…
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High Street
Mike Ashley confirms plans to step down as head of Frasers
Mike Ashely has confirmed that he will step down as head of Frasers Group, as the business revealed its most…
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People Moves
Ted Baker appoints two new non-executive directors
Ted Baker has announced the appointment of Fumbi Chima and Meg Lustman as independent non-executive directors of the company. Fumbi…
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Sport & Leisure
Foot Locker acquires Atmos and WSS brands for $1.1bn
Foot Locker is set to acquire Japanese street brand Atmos and U.S.-based athletic footwear and apparel retailer WSS in two…
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Supermarkets
CD&R set to launch rival Morrisons bid
Private equity group Clayton, Dubilier & Rice (CD&R) is reportedly set to kick off a bidding war for grocery chain…
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