Retail news
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Hargreaves agrees eleventh hour deal for Matalan
- Posted:
- 12 October 2006 09:26
After months of argument and speculation, Matalan chairman John Hargreaves has finally made a bid to buy out the remaining 47% of the company he founded. Mr Hargreaves reportedly worked through the night to put together the 200 pence per share offer, worth £817.2 million altogether, by the deadline of ...read more
Matalan prepares for £817 million offer
- Posted:
- 09 October 2006 09:26
According to press reports, the board of Matalan is likely to accept an £817 million bid this week from the company’s founder and chairman John Hargreaves. The deadline for Mr Hargreaves to make an offer is noon on Wednesday; after this he will not be able to make a further ...read more
Like-for-like sales rise at Matalan
- Posted:
- 05 September 2006 09:09
In the eight weeks to August 26, Matalan has improved like-for-like sales by 1.3%, an improvement from the 0.1% decline from the previous nine weeks. The company stated that the repositioning of its homeware offer had continued, with the aggressive clearance of existing ranges resulting in a consequent dilution in gross margin. "This clearance", it ...read more
Extension for Hargreaves' Matalan offer
- Posted:
- 22 August 2006 09:38
The deadline by which John Hargreaves has to declare whether or not he intends to make an offer for Matalan has been extended until midday 11 October 2006. The panel executive had previously announced that the Matalan chairman had until midday 12th September 2006 to announce either a firm intention to ...read more
Primark and Matalan in legal battle
- Posted:
- 21 August 2006 09:24
Primark is reported to have commenced legal proceedings against rival chain Matalan for allegedly copying some of its products. The dispute centres upon a range of boys hooded tops bearing the slogan 'rebel attitude' sold by Matalan. Primark is understood to be claiming that since its own childrenswear ranges have been ...read more
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