Retail news
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New £8.4 million Retail Trust retirement estate opens
- Posted:
- 09 December 2009 09:27
A brand new Retail Trust retirement estate, Moores House Salford, will be officially opened at midday on Thursday - the result of £8.4 million of investment by Retail Trust and the Moores Family.Moores House Salford is the fifth Retail Trust Extra Care retirement estate in the UK providing housing for ...read more
Matalan becomes takeover target
- Posted:
- 26 October 2009 09:01
Matalan is reported to be a £1.5 billion takeover target for "a number" of private equity firms including the group behind Debenhams, CVC Capital Partners. Matalan, which is majority owned by founder John Hargreaves, has reportedly hired PricewaterhouseCoopers to advise on a possible sale of the business. A deal would ...read more
Matalan mulls sale
- Posted:
- 05 October 2009 09:29
Owners of discount retailer Matalan are considering selling the business, according to reports, in a move which could see the chain valued at £1.5 billion.The Sunday Times has reported that Matalan boss Alistair McGeorge has held several meetings with advisers, although talks are thought to be at an early stage. ...read more
Matalan launches recruitment drive
- Posted:
- 03 September 2009 09:13
Matalan has launched a recruitment drive to hire 1,800 new staff. The retailer is hiring 1,500 temporary staff for Christmas and 300 permanent employees for new stores including one in Manchester, Cheetham Hill, Elgin in Morayshire and Colindale in North London.The company said the new stores were the first in ...read more
Matalan reports "strong start" to the year
- Posted:
- 15 June 2009 09:34
Off-price retailer Matalan has announced a strong start to the new financial year, with a 6.3% rise in core annual earnings.In the 14 weeks to June 6th, like-for-like sales at the firm were up 8.2% and net debt was reduced from £275.3 million last year to £247.4 million.Chief executive Alistair ...read more
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