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 -8 October
Very Group owners to appoint banks ahead of potential £2.5bn sale
The owners of the Very Group, the Barclay family, have reportedly appointed banks as they eye a £2.5bn sale of…
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8 October
Matalan CEO steps down
Matalan, the omnichannel retailer for families, has announced that Jo Whitfield, chief executive officer, has decided to step down from…
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8 October
Frasers snaps up three more retail locations
Frasers Group has made three real estate acquisitions in strategic retail locations through its new property division, with the transactions…
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8 October
September retail sales see biggest boost in half a year
UK Total retail sales increased by 2% year on year in September marking the largest increase in over six months,…
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8 October
Sosandar opens fourth site in Cardiff
Sosandar, the women’s fashion brand, has announced that it has signed a lease agreement for its fourth store, in Cardiff’s…
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8 October
Saudi Arabia acquires 40% stake in Selfridges
Saudi Arabia’s Public Investment Fund has acquired a 40% stake in Selfridges after purchasing the shares previously held by collapsed…
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7 October
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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7 October
Sloane Stanley Estate welcomes two new independent retailers
The Sloane Stanley Estate has announced two new design-led independents, Penelope Chilvers and KayaNuka, are joining the King’s Road. Penelope…
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7 October
John Lewis CEO Kanikwala to revert to NED role
John Lewis Partnership has revealed chief executive officer Nish Kankiwala and the Partnership’s board have agreed that he will revert…
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7 October
Weird Fish improves profitability in FY23
Weird Fish, the British lifestyle clothing and accessories brand, has revealed its EBITDA increased 80% to £2.6m as the business…
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