Retail news
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Focus DIY in administration
- Posted:
- 05 May 2011 09:50
Nearly 4,000 staff at Focus DIY faced an uncertain future today after the struggling retail chain said it plans to put itself into administration.The private equity-owned firm has asked Ernst & Young to act as administrator, saying it had no alternative after it defaulted on a credit facility.Focus, which has ...read more
Accident puts Iceland Everest Expedition in jeopardy
- Posted:
- 11 April 2011 10:12
The future of the Iceland Everest Expedition aiming to scale Mount Everest to raise £1 million for Alzheimer's Research UK, hung in the balance today following an accident on the Nepal-Tibet border. One of the expedition team's two kit lorries lost control and went over a cliff. Miraculously no one ...read more
Mappin & Webb owner up for sale
- Posted:
- 06 April 2011 09:40
Aurum Holdings, the group which owns Mappin & Webb, Watches of Switzerland and Goldsmiths, has been put up for sale after a record trading year.Sales climbed to £326 million in the year to January 2011 while like-for-like sales rose by 16.6%.Don McCarthy, chairman of Aurum, commented: "Aurum has been one ...read more
All Saints looks set to secure funding deal
- Posted:
- 28 March 2011 09:37
Fashion chain All Saints is expected to secure its long-term future this week by unveiling a funding deal with a Lebanese investment group.A consortium made up of Beirut-based M1 Group and ex-Goldman Sachs banker Richard Sharp hopes to gain joint control of the high street retailer in return for a ...read more
Virtual Career Forums prepares for second event
- Posted:
- 25 March 2011 09:52
Career Forums is gearing up for its latest event, following on from its enormously successful inaugural event last year. Featuring a host of top brands from the retail, hospitality and leisure sectors, the first event in May last year was a hit with both recruiters and candidates and this spring's ...read more
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