Retail news
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Sports Direct moves to block Blacks investment
- Posted:
- 23 February 2010 09:45
Sports Direct is attempting to scupper Blacks Leisure's plans to raise new investment funds from the City after it bought up 28.5% of Blacks' shares.The sports company said that it would vote against a £20 million fundraising and recovery plan at a Blacks Leisure shareholder meeting on Wednesday.The firm has ...read more
Volatility in equity markets hits plans at New Look, Merlin Entertainments and Matalan
- Posted:
- 15 February 2010 11:39
Continuing uncertainty and volatility within world equity markets has hit the short-term development plans for some big names in the worlds of retail and leisure. Fashion retailer New Look and Merlin Entertainments, the owner of the London Eye and Madame Tussauds, have both abandoned plans for flotation on the stock ...read more
Private equity buyers court Bay Restaurants
- Posted:
- 09 February 2010 09:37
It has been reported that Bay Restaurants Group, the company behind the La Tasca and the Ha Ha Bar and Grill chains, has received several expressions of interest from private equity-backed suitors.The group is currently in the middle of a restructuring programme that will see it transfer the Slug and ...read more
Blacks Leisure seeking £20million to fund growth and revamp
- Posted:
- 05 February 2010 10:43
Outdoor clothing specialist Blacks Leisure is today asking City investors for around £20 million in order to fund its proposed expansion and overhaul of its store portfolio. The group is seeking to generate the cash through a placing and open offer of new shares. Should it prove successful Blacks is ...read more
Speciality Retail Group proposes CVA to stave off collapse
- Posted:
- 05 February 2010 10:42
Speciality Retail Group (SRG), which operates retail brands such as Suits You, Young's Hire and Racing Green, has proposed a Company Voluntary Agreement (CVA) as a last ditch attempt to save the business by dramatically reducing costs.SRG is proposing that it pay 60% of its normal rent levels on 42 ...read more
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