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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Apr- 2020 -23 April
Gordon Brothers rescues Laura Ashley from administration
Embattled retailer Laura Ashley has been rescued from administration by global investment firm Gordon Brothers for an undisclosed sum. Gordon…
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23 April
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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22 April
Cath Kidston shutters entire UK estate, over 900 staff made redundant
The administrators of Cath Kidston have confirmed that all 60 Cath Kidston stores in the UK have now closed, resulting…
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22 April
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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22 April
Boohoo reports 54% rise in pre-tax profits in FY results
Online fashion retailer Boohoo has reported a 54% rise in pre-tax profit to £92.2m compared with £59.9m last year. In…
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22 April
Moss Bros buyer fights to pull £22.6m offer
The Brigadier Acquisition Company is reportedly seeking to retract its £22.6m offer to takeover Moss Bros. The Moss Bros board…
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21 April
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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21 April
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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21 April
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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21 April
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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