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John Lewis sales were up by 1.8% last week from the same period last year. Fashion sales were up by 5.6% as their own brand womenswear continued to impress at a growth of 9.6%. Electrical and home technology has also contributed to the growth, with a 4.1% increase. This is largely down...
Tesco have announced a growth in sales for the 11th consecutive quarter. Like for like sales in the UK were up 2.5% in the second quarter, meaning the total half year profits have risen by 2% to £564 million. The acquisition of Booker at the end of last year has also...
Selfridge’s revamp has helped the business increase sales by 11.5%, as operating profits grew to a record £181 million for its last financial year. They are now into the final year of their four year investment plan, which is worth £300 million. The plan is meant to be revamping its London...
Private equity firm Piper, has invested £11 million into online flower gifting brand, Bloom & Wild. Piper has said that the aim for the investment is to enable Bloom & Wild to expand as it continues its rise towards being the UK market leader in online flower gifting. It will also...
Sports direct has sacked all of the senior management of House of Fraser including directors after buying the department store out of administration. Sports Direct bought House of Fraser out of administration for £90 million in August. Mike Ashley has said that he aims to turn the department store into the ‘Harrods...
Marks & Spencer have launched a new fashion range for children with disabilities. The new range, named Adapted for Easy Dressing, was designed and developed in collaboration with customers, including parents from 3 different specialist schools. M&S has said that they have tried to keep the range as seamless as possible and...
Chanel has acquired luxury swimwear brand Orlebar Brown from its founder Adam Brown and the private equity firm, Piper. Initially founded in 2007 as an online retailer by Brown and former business partner Julia Simpson-Orlebar, the company has now grown to have 24 stores across 11 different countries. Piper first invested £8...
Planet Organic have sold a majority stake in its business to Scottish private equity firm, Inverleith. The deal is said to be worth around £15 million, and will see the founder, Renee Elliott severely reduce her holdings. Inverleith has said that it plans to grow the business by opening a number of...
Halfords has put an offer in for Evans Cycles. Sky News has reported that Halfords is amongst a number of potential bidders, including a number of turnaround investment companies. Halfords already own competitors Cycle Republic, which currently operates around 20 stores in the UK. Evans Cycles currently operates 60 stores in the...
The Sainsbury’s and Asda merger could force the sale of 463 stores. The Competition and Market Authority has identified 463 locations where both of the stores overlap, which could mean that some stores could have to close on a local and national level. Although the initial number of store closures sounds high,...
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