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Amazon offered $20bn stake in Reliance Retail
Amazon has reportedly been offered a $20bn (£15.2bn) stake in Reliance Industries’ retail arm by its owner and Asia’s richest…
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Supermarkets
Morrisons profits dented by £155m Covid-19 costs
Morrisons has revealed its HY profits were dented by £155m of Covid-related costs. During the first half of 2020/21, Morrisons…
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People Moves
Ewan Venter to leave CEO role at Fortnum & Masons
Department store Fortnum and Mason has announced its CEO Ewan Venters is to leave the business in the new year…
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People Moves
Charles Wilson to step down from Tesco’s Booker in 2021
Tesco had announced that after 15 years leading the Booker business its CEO Charles Wilson is to retire in February…
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Coronavirus
60% of mid-sized businesses plan redundancies, BDO finds
More than half (60%) of the UK’s medium-sized businesses are planning redundancies as a result of the Government’s Coronavirus Job…
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Comment
Rethinking your staffing requirements to survive the recession
With a new CBI survey revealing the highest level of retail job cuts since the 2009 crisis, lockdown restrictions, a…
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Supermarkets
Asda future could be decided this week as takeover deadline looms
The future of ‘Big Four’ grocer Asda could be decided as early as this week, as rival private equity firms…
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People Moves
Topps Tiles names Stephen Hopson as CFO
Topps Tiles has announced the appointment of Stephen Hopson as its new CFO, effective from 2 November. Hopson joins the…
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Clothing & Shoes
Jigsaw creditors approve CVA
Fashion chain Jigsaw has confirmed its proposed CVA approved by its creditors which will see 13 of its stores close…
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High Street
Retail vacancy rate reaches six-year high
Retail shop vacancies have reached a six-year high due to the impact of the coronavirus pandemic, according to new research…
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