Retail news
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Blacks Leisure performance "in line" with expectations
- Posted:
- 17 July 2008 09:29
Blacks Leisure has said that, after 19 weeks of the new financial year, the business is performing in line with the plans set out earlier in the year. Although the company reported a 2.2% drop in like-for-like store sales for outdoor and a 15.5% drop in boardwear, this was set ...read more
Blacks Leisure chairman admits "radical change" needed
- Posted:
- 29 May 2008 09:32
Blacks Leisure Group has announced sweeping changes across the company following another year of losses at the company. The two divisions of the group saw significantly different fortunes as the outdoor division achieved an almost three-fold increase in operating profit excluding exceptional items in the year ended March 1st. However, in contrast the boardwear ...read more
Blacks cuts jobs
- Posted:
- 07 May 2008 09:08
Blacks Leisure is to cut 50 jobs at its Sandcity division following the merger of its Freespirit and O’Neill chains. Blacks will close its Sandcity head office in Tyne & Wear and merge operations with the Freespirit operation in Northampton. Despite the loss of 50 jobs, 14 new roles will be created in Northampton and ...read more
M&B confirms offer for Spirit from Punch
- Posted:
- 14 April 2008 09:30
Mitchells & Butlers has confirmed that it is in talks with Punch Taverns concerning a possible takeover of its ex-suitor’s managed pub division, Spirit. In March, Punch withdrew a merger proposal for M&B although private equity firms Blackstone, CVC and Permira have also been rumoured to be considering minority stakes ...read more
M&B reports "resilient" sales despite drinks decline
- Posted:
- 09 April 2008 09:44
Mitchells & Butlers has reported "resilient" sales growth in its half year trading update amidst "challenging" trading conditions for beer sales but increased eating out demand in pubs following the smoking ban. In the 27 weeks to April 5th. Earlier this year, a sale of the company was considered, with ...read more
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