Whitbread have agreed to sell the Costa coffee chain to Coca-Cola Company for a deal worth £3.9 billion. The transaction is expected to complete in the first half of 2019. The sale is expected to be worth £3.8 billion. In addition, a significant majority of the money raised through the sale is expected to...
WH Smith has said their results for the year to 31st August are likely to be in line with their expectations. They have also reported that their stores at airports and railway stations have performed well both in the UK and overseas. WH Smith now has 286 stores open internationally as it looks...
Debenhams are now using the Doddle click and collect service across all of its UK department stores following a trial scheme in 50 shops. The service will be going live in the majority of Debenhams’ 165 stores by spring 2019 and it will offer customers the chance to collect and return parcels from...
Urban Outfitters are expanding their selection of beauty products with the launch of its new cosmetics brand, Ohii. The in-house beauty line is scheduled to launch in-store and online on September 10. Ohii's product line includes a roster of products such as lip gloss, lip pens and lip jelly alongside peel-off masks, hand cream, eyeshadow palettes, pressed...
Kering appoints Patrick Pruniaux as the new chief executive of the Girard-Perregaux watch brand. Patrick is also chief executive of Kering’s Ulysse Nardin brand, he has decided to manage both watchmaking maisons. Bensoussan said: “I am delighted to give Patrick Pruniaux the mission of increasing the awareness and accelerating the growth of the...
A recent study has named Amazon as the UK’s most reputable retailer. The Reputation Institute’s 2018 UK Retail RepTrak research has based its study on 5,175 individual ratings from the general public. They found that Amazon’s reputation has improved significantly since last year with a 8.3% increase. Stephen Hahn-Griffiths, chief reputation officer at Reputation Institute, said: “Amazon’s combination of...
Dunelm has confirmed that Rachel Osborne has stepped down from her role as a non-executive director of the company. The move is due to her recent endeavour as chief financial officer of Debenhams. Andy Harrison, Dunlem chairman, said: "We fully understand Rachel's decision to step down, and that her executive career takes priority....
The BBC have reported on House of Fraser Rescue plans, stating that Sports Direct’s Mike Ashley has been in talks with landlords regarding potential rent reductions after saying he would attempt to keep 80% of stores open. The report claims that some landlords are being offered rents equivalent to 5% of a...
Fearn Cotton’s Cath Kidston collection is due to launch on the 28 October in-store and online. It is a limited edition collection, named the Fearne @Cath Kidston range and it will mark the first time that Cath Kidston has designed a collection with a brand ambassador. Xenia Xenophontos, head of communications at Cath Kidston, said: “Fearne...
In the quarter which ended on the 4th August, store sales at Foot Locker increased by 0.5% while total sales rose by 4.8% to $1.782 billion. Lauren Peters, executive vice president and chief financial officer of Foot Locker, said "The company continued its disciplined approach to inventory management in the period which...
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