News
The latest news, updates and analysis on the the UK retail industry. Covering every segment of the market, Retail Sector’s business journalists keep you in the picture.
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Oct- 2024 -2 October
LVMH sells Virgil Abloh’s Off-White to Bluestar Alliance
LVMH has announced the sale of luxury streetwear brand Off-White to New York-based brand management company Bluestar Alliance. Founded in…
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1 October
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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1 October
Ebay UK scraps selling fees for private sellers
Ebay UK has announced that it has removed fees for private sellers across all categories, except motors. This move means…
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1 October
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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1 October
Authentic Brands acquires Champion in $1.2bn deal
Authentic Brands Group has announced that it has finalised the acquisition of athleticwear brand Champion in a $1.2bn (£899m) deal.…
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1 October
Greggs sales rise 10.6% in Q3
Greggs has reported “good” like-for-like sales growth over the Q3 ended 28 September, as total sales rose 10.6% and like-for-like…
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1 October
Mulberry rejects Frasers’ £83m takeover offer
Mulberry has rejected a £83m offer from Frasers to take over the company, after stating its offer “did not recognise…
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1 October
Sleepeezee pre-tax profits dip to £159k in FY23
Bed retailer Sleepeezee has reported a pre-tax profit of £159,261 for the year ended 31 December 2023. According to statements…
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1 October
Dobbies to close 17 stores as it unveils restructuring plan
Dobbies Garden Centres Limited has launched a restructuring plan that will see the closure of 17 unprofitable stores to address…
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Sep- 2024 -30 September
Today’s news in brief-30/9/24
Boohoo is reportedly considering a break-up of its business, following pressure from shareholders to revive the company’s declining fortunes. Boohoo’s…
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