Retail news
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Maplin halts sale plan
- Posted:
- 20 June 2011 09:30
The owner of Maplin Electronics has decided to hold back on plans to sell the retailer as a result of the downturn on the British high street, it was reported today.Montagu Private Equity had been in talks with a trio of private equity rivals about selling the business for up ...read more
Blacks sees recovery progress
- Posted:
- 04 May 2011 09:23
Outdoor retailer Blacks Leisure underlined its ongoing recovery today by unveiling much-reduced losses and the appointment of a new chief executive.The Northampton-based group, which has 308 stores, also announced it has secured banking facilities worth £35 million for the next 18 months.Its restructuring efforts, which have included the closure of ...read more
Café Rouge plans to offer fast food for travellers
- Posted:
- 29 March 2011 10:05
Restaurant group Tragus, which is backed by Blackstone private equity, is planning to open up to 50 mini Café Rouge's at train stations around the UK as part of a plan to expand the franchise.A test site of Café Rouge Express opened at Euston Station in London last month and ...read more
Go Outdoors seeks investors to fund expansion
- Posted:
- 21 March 2011 10:13
Go Outdoors, the outdoor clothing and equipment retailer, is looking to sell a minority share to a private equity firm to fund its expansion plans. The 27-store chain is in negotiations with a number of private equity groups, including 3i, to sell a stake of around 20%. John Lovering, former ...read more
Blacks boss to step down
- Posted:
- 14 February 2011 10:03
Neil Gillis, the chief executive of Blacks Leisure who was hired to turnaround the company, is to step down in six months' time. The retailer has seen its share price decline by around 80% in three years since Mr Gillis joined but City analysts believe that the company would not ...read more
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