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It has been reported that one of BHS’ international franchise partners has bought the group’s international and online assets. Al Mana, which runs some of the company’s stores overseas, is believed to have bought over 70 stores and the company’s website, according to Sky News. The sale is expected to be...

Britain’s biggest bed retailer, Dreams, is to go on sale for £400 million, three years after it was rescued from administration by a private equity company according to reports. Sun European Partners bought the beleaguered company in 2013, saving 1,600 jobs after the downturn in the housing market hit the group...

Intu Bromley shopping centre has announced that it has signed four new retailers, Kuoni the holiday company, lifestyle brand Joules, Skechers the footwear company and Lovisa the fashion accessories retailer, as well as a new alfresco dining scheme. Retail property acquisitions manager at Joules, David Ball, said: “We’re excited to be...

It has been revealed that in the lead up to the Fourth of July, spending is expected to be around £5.1 billion as online businesses in the UK are advised to capitalise on the surge. The National Retail Federation in the US has suggested that it expects around 214 million Americans...

AmazonFresh has already expanded its online delivery footprint less than a month after launching from 69 to 128 London postcodes. Haringey, Bexley and Greenwich are among 59 new postcodes around London’s north, east and south that are now eligible to order their grocery from a range of over 130,000 products from...

Store Twenty One has begun working with restructuring specialists AlixPartners to “consider options” for the future of the business to stop it falling into administration. The chain, which is owned by Indian manufacturing giant Alok Group, has tabled a company voluntary arrangement (CVA) to cut its costs, including rent and...

The Government has announced that it will defer a decision on airport expansion until after the new Conservative party leader is elected, according to reports. If true, the move will push back a decision that was promised by the end of the year. The current recommendation from the Airport Commission is...

Convenience chain My Local has entered administration, with 1,658 jobs set to be lost if a buyer cannot be found. Administrators KPMG have already said that 93 of the chain’s stores will close with the rest to remain open whilst the search for a buyer continues. The private equity-owned chain was...

This summer, Carnaby Street will be welcoming beauty brand Urban Decay, which will be opening its European flagship store, as well as G.H. Bass. Urban Decay will be based at number 44 with 1,000 sq ft of space on a prominent corner and will provide Carnaby Street-exclusive items as well as...

It has been reported today that supermarket giant Tesco is launching a new Fair for Farmers Guarantee on all fresh milk to build transparent, long-term relationships with its suppliers. It guarantees that Tesco pay all of its dairy farmers a fair price and that every pint of milk purchased is 100%...