Retail news
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Blacks Leisure boosted by cold snap Outdoor retailer
- Posted:
- 04 January 2011 09:28
Blacks Leisure today said the recent Arctic weather conditions boosted its turnaround plans as consumers snapped up jackets, scarves and hats.The cold snap helped increase like-for-like sales in its outdoor business by 10.2% in the key trading period of December, despite a strong set of comparative figures the previous year.The ...read more
Blacks cuts losses as turnaround continues
- Posted:
- 28 October 2010 09:34
Blacks Leisure has reported a reduction in operating losses as its turnaround strategy continues to provide a firmer footing for the once beleaguered business. In the half year to August 28th, the company's losses fell to £7.1 million - equating to a £1.6 million improvement on the same period in ...read more
Chris Hutcheson resigns from Gordon Ramsay Holdings
- Posted:
- 21 October 2010 09:45
Chris Hutcheson, Gordon Ramsay's father-in-law, has resigned from Gordon Ramsay Holdings after more than a decade at the helm.In a statement, GRH said: "We would like to thank him for all his efforts and support in helping to build and grow GRH over the last 12 years. Interim management will ...read more
Blacks Leisure confirms bid speculation
- Posted:
- 19 October 2010 10:21
Outdoor retailer Blacks Leisure today said it was in talks with several parties interested in buying some or all of the business.The Millets owner has hired advisers to help it field the offers, which are thought to include proposals from at least two private equity firms.The Daily Telegraph said it ...read more
Buyout groups circle Vue Entertainment
- Posted:
- 05 October 2010 09:50
Three private equity bidders have entered the final round of the auction for Vue Entertainment, which operates 68 cinemas across the country. Vue chief executive Tim Richards and deputy chief executive Alan McNair, who together own 51% of the business, are looking for new financial backing to help them acquire ...read more
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