Retail news
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John Kinnaird to rescue Faith?
- Posted:
- 09 September 2008 08:58
Retail entrepreneur John Kinnaird is believed to be finalising a deal to acquire struggling shoe retailer Faith. Mr Kinnaird, who owns men's clothing retailer Envy, has teamed up with Agilo, an investment fund which owns teenage fashion chain Chilli Red. The businesses could merge to create an empire with around 155 ...read more
Co-op buys Somerfield for £1.57bn
- Posted:
- 17 July 2008 09:30
The Co-operative Group has agreed to buy Somerfield for £1.57 billion. The newly merged business will operate more than 3,000 grocery stores and generate net sales of around £8 billion, making it the fifth largest food retailer in the UK with a market share of approximately 8%. Somerfield is owned by ...read more
Land of Leather confirms plans to raise £15 million
- Posted:
- 19 June 2008 09:59
Land of Leather has confirmed that is proposing to raise approximately £15 million by offering new shares to existing shareholders. The company also warned that, should the refinancing deal be unsuccessful, the company was "unlikely to be able to continue to trade in its current form". Directors of the company ...read more
Barclays confirms share sale plans
- Posted:
- 16 June 2008 09:24
Barclays Bank has confirmed that it is considering selling shares to existing shareholders in order to raise new equity in the current tough economic climate. Although the company said that a further announcement would be made should such a course of action be decided upon, the news comes soon after ...read more
High-price helplines named and shamed
- Posted:
- 29 May 2008 09:30
Consumer group Which? has published a "hall of shame" list of companies who use high-rate phone numbers to make money out of their customers. The list includes over 30 organisations that use premium-rate phone numbers such as 0871, 0870 or 0845 on their "helplines", often sharing the revenue with the phone service provider. That ...read more
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