Coronavirus

DFS raises £64m from shareholders and directors

DFS revealed it has successfully raised £64m through a share placing in a move that will “significantly increase its financial…

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John Lewis furloughs 14,000 members of staff

John Lewis Partnership (JLP) has revealed it has furloughed over 14,000 members of staff and will slash over £200m from…

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Companies House suspends strike-offs amid Covid-19 crisis

Companies House has announced it has temporarily paused its strike off process to prevent companies being dissolved amid the Covid-19…

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Cath Kidston bought out of administration by owner

Global lifestyle brand Cath Kidston has been bought out of administration by its parent company Baring Private Equity Asia (BPEA)…

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11.7 million people at risk of furlough or unemployment over coming months

Almost 11.7 million people could be furloughed or unemployed in the coming months, according to new research from independent think-tank…

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Clothing and footwear market forecast to decline by £14bn

The UK clothing and footwear is anticipated to plummet in 2020, falling 26.1% versus 2019, a loss of around £14bn…

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Covid-19: Primark to suffer £284m stock hit

Associated British Foods (ABF) has revealed that Primark will take a £284m hit in stock following store closures amid the…

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UK retail footfall plummets in March

UK retail footfall decreased by 44.7% in March due to the mandatory lockdown, according to the latest BRC-ShopperTrak footfall monitor.…

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Coronavirus Job Retention Scheme portal goes live

The portal for the Coronavirus Job Retention Scheme is now live, with the government saying that businesses with validated claims…

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DFS remains ‘confident’ as it plans equity raise

DFS has confirmed that it is in the advanced stages of negotiating an additional debt facility amid the ongoing coronavirus…

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