Retail news
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Vue prepares for sale
- Posted:
- 13 September 2010 09:28
Cinema chain, Vue Entertainment, has begun talks with a number of private equity firms about a possible £450 million sale of the business. Potential buyers could include Blackstone, CVC and Permira.Vue executives, including chief executive Tim Richards and finance director Alan McNair, own a 52% stake in the chain but ...read more
Blacks suffers like-for-like fall after tough May
- Posted:
- 21 July 2010 09:46
Blacks Leisure has seen like-for-like sales fall in the 17 weeks to the end of June, primarily due to falling sales in May, when trading conditions were particularly difficult. In the other months of this financial year to date, sales from the ongoing estate were broadly in line with expectations.In ...read more
Former Hobbs boss Nick Samuel dies
- Posted:
- 30 June 2010 09:36
Former Hobbs chief executive Nick Samuel has died after a short illness at the age of 58. Mr Samuel guided the retailer between 2002 and 2008 and remained on the board of the company until last year. He also sat on the board of Adili, N.Peal and was a non-executive ...read more
Blacks relaunches fundraising and reports loss
- Posted:
- 30 April 2010 13:46
After a "difficult" year, Blacks Leisure is relaunching a £20 million fundraising plan to accelerate its turnaround strategy. The group was forced to abandon an earlier attempt to raise funds after Mike Ashley's sportswear firm Sports Direct, a major shareholder in Blacks, threatened to veto them. Blacks has restructured its ...read more
HobbyCraft snapped up in £100m private equity deal
- Posted:
- 30 April 2010 13:42
After a keenly contested bidding war, specialist retailer HobbyCraft has been acquired by its management – backed by Bridgepoint, the private equity firm that also owns Fat Face and Pret a Manger. Bridgepoint landed the arts and crafts retailer, which had been put up for sale by founders and majority shareholders ...read more
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