Retail news
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Asda secures funding for expected Iceland bid
- Posted:
- 26 September 2011 10:24
Supermarket giant Asda has secured a financial boost ahead of a planned bid for frozen food retailer Iceland, it was reported today. The chain, which is part of American retail giant Wal-Mart, has lined up backing from Barclays Capital as it looks to beat off bid competition from Morrisons and Iceland's ...read more
£3 million to help riot-hit businesses
- Posted:
- 25 August 2011 10:15
A £3 million fund was launched today to help businesses hit by the riots and looting which devastated parts of England this month.A coalition of businesses, supported by London mayor Boris Johnson, announced a High Street Fund offering cash support to smaller firms hit by the disturbances.Firms including Barclays, BP, ...read more
Starbucks UK MD to join Clinton Cards
- Posted:
- 02 August 2011 10:36
Darcy Willson-Rymer, managing director of Starbucks' UK operation will become chief executive of Clinton Cards in October. Don Lewin, the retailer's 78 year old chairman and chief executive will step down to become life president from March of next year. This is the first time that Clinton Cards has recruited ...read more
Kurt Geiger sold for £215 million
- Posted:
- 03 June 2011 10:27
Kurt Geiger - Europe's largest luxury shoe retailer - was sold for £215 million today to a prominent American fashion business.Jones Group, a New York-headquartered firm which owns fashion brands such as Nine West, has bought Kurt Geiger from London-based private equity firm Graphite Capital.Kurt Geiger, which was bought by ...read more
£2.5 billion loan fund for small firms
- Posted:
- 19 May 2011 10:12
A £2.5 billion fund is to be launched today to provide loans to small and medium sized businesses across the UK which have struggled to raise cash since the financial crisis.The Business Growth Fund (BGF) has been set up with the support of the UK's largest banks after they agreed ...read more
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