Retail news
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Blackstone and CVC consider M&B stake
- Posted:
- 02 April 2008 09:33
Private equity firms Blackstone and CVC are considering jointly acquiring a large minority stake in Mitchells & Butlers. Permira is also rumoured to be interested in buying a minority stake.M&B launched a strategic review in January with a sale of the business mooted, but given the current credit crunch, this ...read more
Blacks suspends Sandcity MD following accounting "discrepancies"
- Posted:
- 18 March 2008 09:28
Blacks Leisure Group has revealed that a review of its Sandcity division, which distributes and retails the O'Neill boardwear brand in the UK, has uncovered a number of serious discrepancies in the management accounts. As a consequence the group has announced that it has suspended the managing director of the ...read more
Blacks suffers on boardwear losses
- Posted:
- 15 January 2008 09:29
Blacks Leisure Group has warned on profits, although the Blacks and Millets brands remained "fundamentally sound" according to new chief executive Neil Gillis. In the six weeks ended January 12th, like-for-like sales rose 2.8%, compared with a fall of 4.5% the prior year, with total retail sales 2.0% higher in ...read more
Blacks brings in outsider as chief executive
- Posted:
- 20 November 2007 09:06
Blacks Leisure has appointed Neil Gillis, formerly chief executive of Esporta, as chief executive. Mr Gillis replaces Keith Fleming who has been acting chief executive since June when Russell Hardy left following a reported boardroom falling out over the group’s future strategy. Analysts had stated that Mr Fleming was the ...read more
Blacks Leisure shows signs of progress
- Posted:
- 25 October 2007 09:29
Blacks Leisure has seen a mixed set of results for the first half with strong recovery in its Blacks and Millets divisions and group like-for-like sales improving, although aggressive stock clearance negatively impacted results. Reporting its interim results for the 26 weeks ended September 1st, Blacks saw a pre-tax loss ...read more
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