Retail news
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Asda to open over 160 new stores in 2011
- Posted:
- 10 March 2011 10:02
Asda is to open 168 stores in 2011 - the largest single year of growth in its history, it has confirmed.The new space is a combination of planned growth and the acquisition of 147 Netto stores which will all trade under the Asda supermarkets banner.The retailer will also open seven ...read more
All Saints up for sale following Icelandic banks collapse
- Posted:
- 28 February 2011 09:40
High street fashion chain All Saints has been put up for sale with price tag worth a potential £140 million, it was reported today.The retailer is said to have appointed Ernst & Young to advise it on the sale process, according to The Sunday Telegraph.All Saints has 63 stores and ...read more
Iceland boss to make £1million charity Everest ascent
- Posted:
- 25 February 2011 10:39
The chief executive of frozen foods retailer Iceland, Malcolm Walker, is to take part in a British expedition to climb Mount Everest and, in the process, raise at least £1 million for Alzheimer's Research UK.Mr Walker (65) and his son Richard (30) will join the Iceland Everest Expedition, launched and ...read more
Jones Bootmaker sold to Macintosh
- Posted:
- 02 February 2011 09:25
Jones Bootmaker, one of the oldest brands on the UK high street, has been sold to Dutch retail giant Macintosh Retail Group. The deal, for around £40 million, will ensure an excellent payday for current chairman, Peter Phillips, and chief executive, Ken Bartle, who acquired more than 70% of the ...read more
Asda closer to Netto purchase
- Posted:
- 13 January 2011 10:40
Asda today said it moved a step closer to buying discount chain Netto's UK stores after it found buyers for all sites it is required to sell by the Office of Fair Trading (OFT).Asda has agreed to sell 16 stores to rival supermarket Morrisons for £28.1 million, three to Iceland ...read more
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