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- 2018 -9 April
Bestway acquires Conviviality retail brands
Bestway Wholesale has completed the purchase of Conviviality’s retail brands, in a deal closed at 11.56pm on Friday (6 April).…
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6 April
Bestways poised to purchase retail arm of Conviviality
Cash and carry wholesaler Bestway is set to announce its plan to purchase Conviviality’s retail chains, which includes Bargain Booze.…
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6 April
Sainsbury’s ‘considered’ Mothercare acquisition
Sainsbury’s considered acquiring embattled retailer Mothercare but decided against making an offer, it has emerged. According to the Press Association…
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6 April
Co-op profits rise as membership increases by 1.2 million
Co-operative has reported a 25% increase in underlying profit before tax, improving business performance. The retailer reported profits before tax…
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6 April
UK retail sees second worst month on record for in-store sales
Like-for-like (LFL) in-store sales were down by 10.1% in the month of March, making it the second worst figures on…
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5 April
Conviviality goes into administration
Drinks retailer and wholesaler Conviviality has filed for administration just a day after selling its wholesale business. Administrators PwC released…
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5 April
Hammerson delays Intu takeover amid Klépierre approach
Hammerson has delayed it acquisition of British rival Intu while the intentions of French shopping centre giant Klépierre “remain unclear”.…
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5 April
Co-op to open trio of stores in Worcester
The Co-op is set to open three new food stores in the Worcester area following a £2.25m investment. A store…
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5 April
HMV CEO resigns after five years at the helm
HMV chief executive, Ian Topping, has resigned in order to “take on a variety of part time challenges”. After leading…
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5 April
Magners cider owner buys Conviviality wholesale division
The owner of Magners cider, C&C, has completed a deal to acquire Conviviality’s wholesale distributors. The beverage supplier and retailer…
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