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Debenhams has launched plans for its CVA.  It has effectively launched two CVA’s, one for the company’s main trading entity Debenhams Retail Limited, and another for Debenhams Property Limited. All of the retailer’s stores are proposed to stay open for all of 2019.  The stores have not been given a specific...

Hermes said on Thursday that strong demand in mainland China was behind its strong first quarter sales. The company posted a 16% rise in sales to 1.6 billion euros in its first quarter. The brand has said that it will be making moves into the cosmetics industry as of 2020. Several other luxury...

Waitrose is set to launch a new premium frozen meal range after an increase in popularity of frozen ready meals. A report on website searches showed that ‘Frozen Ready Meals’ was searched for 500% more compared to the previous year. The retailer will introduce a range of 24 luxury frozen meals including...

JD Sport’s planned £90m takeover of Footasylum has moved a step closer to completion after being approved by shareholders in mid-April. JD already owned a stake in Footasylum after buying a percentage of its issued share capital in February.  They subsequently made a £90m bid for the remaining shares and the...

Carpetright has announced that its UK like-for-like sales have seen a significant improvement in its fourth quarter after finally beginning to see results from its recent restructure. Carpetright entered a CVA last year in order to restructure the company and identify poor performing stores for closure. “The UK like-for-like sales trend improved...

The Competitions and Markets Authority has blocked the proposed merger between supermarket giants Sainsbury’s and Asda.  This comes after it was revealed that UK shoppers would be left worse off by the deal. In the final report, the CMA found that the merger would lead to price increases, a reduction of...

Plans have been submitted to renovate the former House of Fraser store in Altrincham’s Stamford Quarter into a mixed-use scheme. Lunar Altrincham Sarl, which owns a long leasehold on the site, is looking to reconfigure the existing 60,000 square foot store, which traded as Rackhams, into a retail, office and...

Boohoo has reported an excellent set of full year results with pre-tax profit climbing by 38% to £58.9 million. In the year to 28th February, revenue increased by 48% to £856.9 million as UK revenue and international sales rose by 37% and 64% respectively. Revenue at Boohoo climbed by 16% to...

Adjusted operating profit at Primark surged by 25% to £426 million in the first half of its financial year as the retailer benefited from higher margins. Operating margin in the first half was 11.7%, which was well ahead of the same period last year when the margin was 9.8%. While like-for-like...

The Body Shop will be relocating its UK headquarters from Croydon to London’s Tooley Street. The retailer has taken the entire building at 155 Tooley Street, which is part of the More London Estate. The building was previously the headquarters of Red Bull and spans 24,244 square feet. The four-storey space...