Retail news
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Debenhams "of no interest to us" says Sir Philip Green
- Posted:
- 26 April 2007 09:08
Sir Philip Green has formally announced that he is not interested in buying Debenhams, following conjecture that the department store may soon receive an offer from an unidentified source. Sir Philip, Icelandic group Baugur and several private equity houses had all been named as possible suitors for the company, pushing ...read more
Farepak fund’s last day
- Posted:
- 29 November 2006 09:36
The Farepak response fund, established to compensate the victims of the company’s collapse, will close tonight. Donations from MPs, banks, individuals and retailers have so far only managed to reach approximately 10% of the £50 million that was lost. Retailers who have contributed so far include Asda, Argos, Arcadia, B&Q, ...read more
Arcadia cancels dividend as profits slip
- Posted:
- 27 October 2006 09:34
Sir Philip Green, owner of the Arcadia group, has chosen not to pay a dividend this year. The decision comes after pre-tax profits fell by £51.5 million for the year to 2nd September. In its full year results, Arcadia also reported that operating profit was down 8.1% and like-for-like sales ...read more
Topshop chief’s resignation "nothing to do with" Kate Moss deal
- Posted:
- 06 October 2006 09:16
The brand director of Topshop, Jane Shepherdson, has resigned. Ms Shepherdson is largely credited with bringing the brand into the enormous popularity it currently enjoys. In a statement, the company indicated that after 20 years Ms Shepherdson felt it was time to leave. However, her departure has caused controversy. Press ...read more
Debenhams puts pressure on suppliers
- Posted:
- 25 September 2006 09:29
Reports in the weekend papers suggest that department store Debenhams is demanding that its suppliers cut their charges by 2%. According to press speculation, Debenhams has only demanded the cut from certain suppliers and will apply the terms to goods already supplied to the company, an unusual and potentially inflammatory ...read more
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