Iconic bookstore Foyles has announced that it is looking to open new branches and develop staff as it continues to grow on the success of its flagship store. In the year to June 30th, turnover grew 4.3% whilst gross profit was up 0.6%, reflecting a tight reign on costs after the...
Mamas & Papas has appointed Richard Campbell, formerly of leisure company Rank Group, as its new chief marketing officer. Mr Campbell was also instrumental in founding the Nectar card and was key to the revival of department store Debenhams. “Richard is a highly experienced retailer and marketeer, and his appointment further strengthens...
Premier Foods has moved to play down comments by its chief executive regarding the sale of a key stake in the company just prior to a takeover move. Japanese noodle maker Nissin bought a 17.3% stake in Premier Foods from private equity firm Warburg Pincus for 63p per share, just a...
It has been announced that McColl’s, the newsagent and convenience store, has appointed Jonathan Miller chief financial officer to chief executive. This comes as co-founder James Lancaster steps down and becomes non-executive chairman until April 2017. Mr Miller who joined the company in 1991, has held the position of chief financial officer...
The Foschini Group has announced that it has bought and acquired all shares at Whistles, although it hasn’t revealed the amount it paid. Whistles is the South African group’s latest purchase, following its acquisition of Phase Eight in 2015. This adds 46 stores and Whistles’ ecommerce platform to its estate. Chief executive...
Chinese insurance company Anbang has raised an offer for hotel group Starwood to $14 billion (£9.8 billion), topping the $13.6bn offer from rival hotel chain Marriott that gained support from Starwood's board. Starwood owns several hotel brands, including Sheraton, Westin and St Regis. Anbang, whose consortium includes private equity firms JC Flowers...
Tesco has come under fire from consumers for inventing farms where it supposedly sources some products. Outrage has spread over social media after the supermarket created fictional, British-sounding farms on its packaging for certain own-brand products, some of which is imported. The so-called ‘fake farm’ brands, launched on Monday, include Woodside, Willow...
British clothing brand Hobbs is launching a physical presence in Germany, building on its successful web presence in the country. The company’s strategy is to offer products exclusive to the German market in concessions located in two premium department store brands - in Nurnberg and Ulm with Wohrl, and in Bonn...
Beauty retailer Sephora has launched its first ‘smart’ beauty store in Paris, allowing customers to shop both online and in-store at the same time. In the Paris store, a partnership with payments specialist Worldline means customers can browse the 3,500 articles on display in the store while also browsing Sephora’s 14,000...
Scottish family-run department store chain McEwens of Perth has fallen into administration after 150 years of trading. The company, which started out as a tailoring workshop in 1868, is Scotland’s largest independent department store chain. The Bullough family, which has run the store since 1982, said that 110 staff face redundancy after...
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