Retail news
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Are Blacks shareholders revolting?
- Posted:
- 24 September 2007 10:02
It has been reported that shareholders in Blacks Leisure Group may be planning an attempt to replace its management. The group is thought to be led by Principle Capital Investment Trust - which currently holds 5% of Blacks’ shares and is thought to be seeking a replacement for chief executive ...read more
Retailers strong presence in "coolest brands" list
- Posted:
- 13 September 2007 09:55
Bang & Olufsen, Agent Provocateur and Amazon are amongst the top 20 coolest brands in the UK, a recent survey has revealed. Brand research company Superbrands asked more than 2,000 consumers for their opinion on brands available in the UK, of which Aston Martin was found to be considered the ...read more
Blacks to continue with Freespirit sale
- Posted:
- 23 July 2007 09:53
Blacks Leisure is preparing to sell off its Freespirit surf and snowboarding chain, despite objections from Mike Ashley, who owns a 29.3% stake in the company. The move comes after a strategic review of the brand, which led to plans to dispose of the business. Last month Mr Ashley threatened ...read more
Blacks profits from wet weather
- Posted:
- 19 July 2007 09:56
Blacks Leisure, one of the few retailers to benefit from the current unseasonable weather, has announced a strong recovery over the last 11 weeks. After a slow start to the year in March and April, the group subsequently rallied due to a warm spring and the clearance of winter stock. ...read more
Hilton Hotels bought by private equity firm
- Posted:
- 04 July 2007 09:54
US private equity firm Blackstone has announced that it is acquiring the Hilton Hotels group for approximately £13 billion. In the UK, Blackstone owns stakes in Center Parcs, United Biscuits, the Tragus restaurant business, Cineworld and the Merlin Entertainment Group. The deal has been approved by the board of Hilton ...read more
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