Retail news
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Enterprise slows pub closure programme
- Posted:
- 15 May 2012 09:47
Enterprise Inns, the UK's biggest pub landlord, said today that it will slow the closure of its pubs, having largely completed the disposal of a large part of its estate, raising £264 million from the sale of more than 1,000 properties over two years.The group, which had 6,143 leasehold and ...read more
Aquascutum sale saves jobs
- Posted:
- 11 May 2012 10:01
Administrators have saved the Aquascutum brand, saving approximately 100 jobs in the process after selling the 160-yea-old chain to the owners of its Asian division.The brand, its head office and stores, have been bought by a subsidiary of YGM Trading, the Hong Kong-listed owner of the brand across Asia, which ...read more
BA owners nursing quarterly losses
- Posted:
- 11 May 2012 09:58
Higher fuel costs and a rocky Spanish economy has left the owner of British Airways and Iberia with quarterly losses today.International Airlines Group was also hit by industrial action by pilots at Iberia as it recorded losses of EU263 million (£211 million) for the three months to March 31st, against ...read more
Mixed reception for grocery watchdog announcement
- Posted:
- 10 May 2012 09:52
The new Groceries Code Adjudicator Bill, announced in the Queen's Speech yesterday, has met with both welcome and criticism from the retail industry, with smaller stores welcoming the move but larger firms concerned that it may add to bureaucratic red tape. The new legislation would mean more protection for suppliers, ...read more
Thomas Cook agrees refinancing deal
- Posted:
- 08 May 2012 11:04
Thomas Cook has announced a new £1.4 billion financing package with its lenders, giving the firm some respite until 2015. Sam Weihagen, group CEO, commented: "Today's announcement highlights the confidence our lenders have in Thomas Cook and we are delighted that they have demonstrated their on-going support. We continue to ...read more
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