Retail news
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Matalan chief executive leaves for House of Fraser
- Posted:
- 01 December 2006 09:30
Matalan has announced that chief executive John King has left the company to take his place as chief executive at House of Fraser. As an interim measure, until the takeover by Missouri Bidco has been completed, John Hargreaves will assume responsibility for day to day matters in his capacity as ...read more
Matalan shareholders say yes to takeover
- Posted:
- 30 November 2006 09:46
Matalan shareholders have voted in favour of the proposed takeover by Missouri Bidco Limited, the company formed by chairman John Hargreaves for the purpose of buying Matalan. In a statement, Matalan also announced the resignation of Phil Dutton, the company’s finance director. Mr Dutton plans to step down on January ...read more
House of Fraser deal leads to management restructure
- Posted:
- 09 November 2006 09:38
John King, outgoing chief executive of Matalan, has been named chief executive of House of Fraser today after the resignation of predecessor John Coleman in the wake of the deal that has taken House of Fraser into private hands. The completion of the £351m (€523.4m) deal with Icelandic company Baugur ...read more
Sports World to merge with Blacks Leisure?
- Posted:
- 31 October 2006 09:23
It has been reported that billionaire Mike Ashley plans to merge his Sports World International company with Blacks Leisure Group having acquired 29% of Blacks shares. It is thought that Mr Ashley would become either chief executive or chairman of the merged group, as well as being the major shareholder. ...read more
Matalan cash management "beginning to bear fruit"
- Posted:
- 31 October 2006 09:23
Under-offer clothing retailer Matalan has seen an improvement in its sales and a reduction in net debt. Like-for-like sales for the 26 weeks ended 26th August were down 1%, compared with a 6.3% fall in the same period last year, and net debt was reduced from £36.3 million to £10.5 ...read more
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