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Today’s news in brief-7/10/24
Mulberry founder Roger Saul has suggested that luxury retailer Mulberry might be a better fit with European luxury group LVMH…
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DIY
Carpetright owner takes £11m hit from The Floor Room administration
Figures from Companies House show that Carpetright owner Nestware has taken a £10.8m hit as a result of the closure…
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News-In-Brief
Today’s news in brief-4/10/24
Shein is moving ahead with plans for a highly anticipated London IPO, reportedly set to hold informal talks with investors…
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Clothing & Shoes
Frasers increases Mulberry stake after failed takeover bid
Mike Ashley’s Frasers Group has acquired more shares in Mulberry just days after it had a takeover bid for the…
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News-In-Brief
Today’s news in brief-3/10/24
Tesco has reported a robust first half of the financial year, marked by increased sales and profits, prompting an upward…
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Supermarkets
Sainsbury’s chief calls for Budget action on consumer confidence
Sainsbury’s boss Simon Roberts has called on the government to introduce measures to improve consumer confidence in the Budget this…
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News-In-Brief
Today’s news in brief-2/10/24
Shop prices fell by 0.6% in September, marking the lowest annual growth since August 2021. Non-food items saw deflation deepen…
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Electrical
AO World to acquire MusicMagpie in £10m deal
AO World has announced that it is set to acquire MusicMagpie in a deal worth £9.98m which is expected to…
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News
Today’s news in brief-1/10/24
Mulberry has turned down an £83m acquisition bid from Frasers, arguing it undervalues the company’s potential. Frasers offered 130 pence…
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High Street
The Works ‘well-positioned’ for Xmas despite PBT drop
The Works has seen its profit-before-tax fall to £6.9m for the year ended 5 May 2024, down from £9m last…
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