Retail news
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Mothercare buyout in the making
- Posted:
- 12 December 2011 09:58
A private equity firm is understood to be preparing a bid for Mothercare in a move that would end the retailer's 40 years as a publicly listed company, according to reports today.Buyout firm Cinven's plans could see it jettison Mothercare's troubled UK stores so it can focus on its better ...read more
Hamleys sees toy sales rise
- Posted:
- 29 July 2011 09:34
Hamleys has seen toy sales rise in the first four months of its fiscal year and said it is "optimistic" about Christmas. Revenue from stores open at least a year rose by 15% in the UK and Ireland, while comparable sales at franchises outside the two countries increased by 28% ...read more
Hamleys returns to profit after six years in the red
- Posted:
- 12 July 2010 09:52
Hamleys has returned to profit for the first time in six years. In the year to March 31st, the toy store reported a small pre-tax profit of £100,000 after a £4.1 million loss last year. The 250-year-old retailer is predicting a bumper Christmas, driven by an anticipated fever pitch demand ...read more
Baugur boss vows to fight fraud allegations
- Posted:
- 18 May 2010 09:43
Jon Asgeir Johannesson of Baugur has resigned as chairman of Iceland Foods and director of House of Fraser to fight fraud allegations, according to press reports.Mr Johannesson was the boss of Icelandic company Baugur, which once owned stakes in Debenhams, Woolworths, Iceland Foods, House of Fraser, Hamleys, Karen Millen, Whistles ...read more
Hamleys fast tracks expansion plans
- Posted:
- 15 March 2010 10:31
Hamleys has agreed a franchise deal to open in nine markets in the Balkans, with franchise shops set to open shortly in the Middle East and India.Currently the toy retailer has just two international stores in Dubai and Jordan and has partnered with franchisee Delta Sport to open in central ...read more
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