Retail news
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Co-op confirms Somerfield bid
- Posted:
- 21 April 2008 09:01
The Co-operative Group has confirmed that it is in talks to acquire Somerfield. Speaking to Reuters, chief executive Peter Marks said: "It would be a great strategic fit. But it’s still early days and we’ve got a lot of work to do". Somerfield is owned by a consortium of private equity ...read more
Woolworths faces writ over contentious bill
- Posted:
- 14 March 2008 09:21
Woolworths and Barclays Bank are embroiled in a spat over a contentious £600,000 bill. Barclays has issued a writ saying that the retailer has failed to pay £599,784 worth of invoices and is also claiming a further £30,114 in interest. A division of Barclays is thought to have acquired the ...read more
Kurt Geiger changes hands for £95 million
- Posted:
- 25 February 2008 09:56
Kurt Geiger has been bought by private equity firm Graphite Capital in a deal worth £95 million, according to reports. Graphite, which also owns London private members club Groucho, is said to have beaten off competition from a number of rivals including fellow private equity groups 3i and Advent as ...read more
The Original Factory Shop sold in £68.5 million deal
- Posted:
- 14 December 2007 09:28
The Original Factory Shop has been sold by majority shareholder Barclays Private Equity to fellow private equity company Duke Street Capital for £68.5 million. The deal marks the fourth time the business has changed hands in its 38 years. Barclays Private Equity is thought to have bought the business for ...read more
BAA appoints Sir Nigel Rudd and Lord Stevens to board
- Posted:
- 03 September 2007 09:31
BAA has appointed Sir Nigel Rudd as non-executive chairman and Lord Stevens as a non-executive director of the board as part of an ongoing programme to "improve the passenger experience". Sir Nigel is currently the deputy chairman of Barclays plc and was formerly chairman of Boots. He is also currently ...read more
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