Retail news
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Sales rise at Matalan
- Posted:
- 28 June 2010 09:18
Matalan has reported a sharp rise in full year sales, up by 6.7% on a like-for-like basis. Earnings before interest, tax, depreciation, amortisation came in at £186.5 million, up 29%, with revenue up 8% to £1.1 billion.Chief executive Alistair McGeorge said: "This has been an exciting year for us delivering ...read more
Matalan boss gets £250m pay out
- Posted:
- 08 April 2010 09:31
John Hargreaves, the founder of Matalan, is to receive a £250 million dividend after successfully refinancing the firm. The company has raised £525 million from investors to refinance existing debt facilities and "finance a distribution to shareholders".Mr Hargreaves tried to sell the business earlier this year but bidders were not ...read more
Matalan founder to receive £250 million dividend
- Posted:
- 08 March 2010 09:10
Matalan founder and controlling stakeholder John Hargreaves is in-line for a £250 million dividend as part of his plans to re-negotiate the company's debts, according to weekend press reports. According to the Sunday Times, Mr Hargreaves is in talks with banks and other investors concerning a £525 million refinancing that ...read more
Volatility in equity markets hits plans at New Look, Merlin Entertainments and Matalan
- Posted:
- 15 February 2010 11:39
Continuing uncertainty and volatility within world equity markets has hit the short-term development plans for some big names in the worlds of retail and leisure. Fashion retailer New Look and Merlin Entertainments, the owner of the London Eye and Madame Tussauds, have both abandoned plans for flotation on the stock ...read more
Matalan growth boosts bid prospects
- Posted:
- 13 January 2010 10:03
Fashion and homewares chain Matalan has reported strong growth over the Christmas period. Matalan said that like-for-like sales rose 13.7% in the five weeks to January 2nd, stronger than the trend seen in the autumn despite tough comparatives with the previous year.Chief executive Alistair McGeorge said: "The shopping experience for ...read more
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