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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Jun- 2020 -29 June
TM Lewin hires restructuring firm as it eyes pre-pack deal
The new owner of TM Lewin has reportedly called in a restructuring firm as it considers a pre-pack administration deal…
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29 June
Investors push for Trafford Centre sale
A Canadian investor is reportedly pushing for the sale of Intu’s Trafford Centre following Intu’s collapse, the Sunday Times has…
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29 June
Estée Lauder Companies promotes Stéphane de La Faverie as group president
Estée Lauder Companies has announced the promotion of Stéphane de La Faverie to the position of group president. La Faverie…
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26 June
Intu collapses into administration
Intu has officially called in administrators, after weeks of speculation that the group was on the brink of collapse. The…
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26 June
Just 13.8% of retail rent collected on June quarter day
Landlords received just 13.8% of rent owed by the UK retailers on this quarter’s rent date, compared with the 19.8%…
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26 June
Intu admits appointment of administrators ‘likely’
Shopping centre owner Intu has admitted that it has so far failed in reaching standstill agreements with landlords and therefore…
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26 June
Card Factory CEO announces departure
Card Factory has announced the departure of CEO, Karen Hubbard, after four years in the role. During her time as…
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26 June
Tesco sales soar as online business booms
Tesco saw sales surge in the first quarter of trading, with like-for-like sales up 8.2% despite the pandemic and nationwide…
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25 June
Amazon’s proposed stake in Deliveroo cleared by CMA
The Competition and Markets Authority (CMA) has provisionally cleared Amazon’s 16% investment in Deliveroo for the second time, on the…
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25 June
The Very Group to cut 141 roles as part of tech restructure
The Very Group has announced it is set to cut 141 roles from its head office and customer care teams…
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