Electronic company Sony has seen its shares drop 8% after it announced a wide-ranging fundraising plan, which will see it sell shares and convertible bonds. Sony is looking to raise around 440 billion yen ($3.6 billion; £2.28 billion) and said the investment would help its image sensor business. In order to return...
Ocado is close to a deal with an international retailer that will allow them to expand their international footprint, according to reports.Tim Steiner, chief executive of Ocado has previously said that the retailer had developed Ocado Smart Platform to “target international online retail business opportunities” adding that “we continue to...
The parent company of Moonpig, Photobox, looks likely to change its plans for a flotation on the London Stock exchange after it received approaches from private equity firms interested in buying the business.Photobox, operates a group of online businesses, including PaperShaker, Sticky9 and its namesake Photobox brand.It is thought that...
Price wars between the major supermarkets continue as Sainsbury’s has reported it is to lower the price of milk.The move will pit the group against competitors Aldi and Lidl with two pints of milk reduced to 75p from 89p and one pint of milk reduced to 45p from 49p. This...
It has been announced that John Browett the former CEO of Monsoon is joining homewares retailer Dunelm from July 1st as chief executive designate.Mr Browett will be taking over from the current CEO Will Adderley who will return to his previous position as deputy chairman.Mr Browett was a high flyer...
Health product retailer Holland & Barrett has said that it saw growth throughout the business in the past year, driven by investment in new stores and new propositions such as Free From food offerings.The chain, which opened as a grocery shop in the 19th century, reported turnover of £368.8 million...
Fashion retailer H&M has announced that due to the strong US dollar its second-quarter profits will be damaged along with a “very negative” effect from higher purchasing costs. H&M, which updated the market this morning, mentioned that quarters three and four could be even worse due to outside factors like cost...
It has been reported that British retailer Debenhams is well on its way to deliver its full year results which are in line with expectations. However, Debenhams said that its customers are still “cautious in their spending”. Chief executive, Michael Sharp said: “We have made good progress on our strategic...
US grocery chain Whole Foods has been accused of “overcharging” its customers by exaggerating weights of dairy and baked products as well as pre-packaged meat.A statement made by Julie Menin, from New York’s Department of Consumer Affairs (DCA) said it was "incredibly troubling”, adding: "As a large chain grocery store,...
Fashion retailer American Apparel has released details pertaining to sexist and racist misconduct allegations against the company’s ex-boss and founder Dov Charney.Evidence in the court filings show that sexually explicit emails were sent to female staff as well as racially derogatory ones.Keith Fink, the lawyer representing Mr Charney said: "The...
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