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It has been reported that police have raided the headquarters of Toyota Motor and also its office in Tokyo.The raid comes after Julie Hamp, the newly appointed head of public relations and the highest level female in Toyota’s history was arrested on June 18th on suspicion of smuggling a controlled...
Supermarket Tesco has said that it will not accept less than £5 billion for its South Korean business Homeplus. Potential bidders for the business, which is being sold as part of a programme to turn around the wider group, include private equity firms Kohlberg Kravis Roberts, CVC Capital Partners, Carlyle, Korean...
Ladbrokes has announced that it is in talks with Gala Coral Group over a potential merger which would combine the UK bookmaker with Coral Retail, Eurobet Retail and Gala Coral's online operations.Although there is no certainty of the talks resulting in a deal, Ladbrokes’ chief executive Jim Mullen said: "A...
International Consolidated Airlines Group (IAG), the parent company of British Airways, has said that it is amending the financing arrangements pertaining to its offer for Irish carrier Aer Lingus. In a statement, IAG said that it has secured a bridge facility, or short-term loan, from Santander to back the group’s EU1.4...
Department store giant John Lewis has reported that last week’s figures decreased 2.2%, mainly due to Father’s Day being later on in the month, which had an effect on trading figures.However, figures showed that John Lewis’ online sales increased by 8.3%, whilst in individual store performance, the group’s Ashford store...
As part of its submission to the Chancellor’s Emergency Budget, the British Retail Consortium (BRC) has asked that Government works with the retail industry to bring retail employees up to their full potential. This includes measures to help employees to progress to more productive jobs by supporting skills acquisition and...
Italian chocolatier Ferrero has agreed to buy UK confectionary retailer Thorntons. The deal gives the family-owned group which includes the Kinder, Ferrero Rocher and Nutella brands a 29.9% stake in Thorntons, which saw its shares rise over 40% despite recent trading woes. As part of the agreement, Ferrero has bought out...
It has been reported that popular fashion brand Karen Millen has won its anti-counterfeit campaign preventing £2.6 million worth of phony items being sold illegally using the fashion brand’s name.Karen Millen has been working with online companies such as eBay, Taobao, Alibaba and Amazon to target bogus companies such as...
Aga Rangemaster, the cookers that have been manufactured in Britain since 1930, has announced that it is in talks with US kitchen equipment firm Middleby Corporation about a possible takeover.The US company commented saying talks were at a “very early stage”, and shares in the company increased by 35%.The Shropshire...
BHS is assessing the future of their Oxford Street flagship store which could result in the department store chain moving out of the West End site.The struggling business has hired estate agents Harper Dennis Hobbs and Jackson Criss to factor options for the site which BHS has occupied for approximagtely...
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