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Halfords is today hosting a site visit for investors to its refurbished Evesham store, focusing on the programme of its Getting Into Gear overhaul programme announced last May. The event will cover the changes that have been made in-store and Halfords added that although these are still at an early...
According to reports, the chief executive of the Co-operative Group, Euan Sutherland, has written a letter of resignation following opposition to his radical reform proposals to get the group on track.Mr Sutherland, who joined the group in May, is thought to have said that the group is simply “ungovernable” in...
The Co-operative Group has said that it will increase executive pay and bonuses despite seeing “perhaps the worst year" in its 150-year history in 2013.The group said that the move would bring executive pay into line with other similar companies.Last month, the group announced a UK-wide survey asking people about...
Online fashion retailer Boohoo.com has been valued at £560 million ahead of a highly anticipated flotation next week.The young fashion website was founded in 2006 and currently has 2.3 million active customers.The company is floating its shares on the Alternative Investment Market (AIM), a sub-market of the London Stock Exchange,...
US supermarket chain Safeway will be sold to investment group led by Cerberus Capital Management, the owner of grocery chain Albertsons.Safeway CEO Robert Edwards will become CEO of the new firm, while Albertsons’ CEO will become executive chairman."There is a clear and compelling rationale for this merger,'' Mr Edwards said...
Irish fruit firm Fyffes and US company Chiquita will form the world’s largest banana company when they merge in a deal later this year.ChiquitaFyffes, as the new company will be named, will be worth approximately $1 billion."This is a milestone transaction for Chiquita and Fyffes that brings together the best...
The UK economy will regain the level it hit prior to the 2008 financial crisis this summer, according to the British Chamber of Commerce.According to the business group, the second quarter, starting in April, will see GDP exceed the level seen at the start of 2008."Our economic recovery is gaining...
Staff at the John Lewis Partnership will receive a 15% annual bonus this year, the equivalent of almost eight weeks’ pay, after the group said 2013 had been a “good year”.The bonus, paid to all the 91,000 staff at the group, is lower than the 17% seen the previous year...
US office supplies group Staples has said that it will close 10% of its stores in North America after a 10.6% fall in sales for the last three months of its financial year.The chain, which has 1,846 stores in the US and Canada after closing 42 stores in 2013, said...
India’s Bharti Group, the country’s largest mobile operator, is in talks with French retailer Carrefour and Japan’s Aeon with the intention of acquiring a joint venture partner to replace Walmart.Indian regulations allow foreign investors up to a 51% stake in Indian companies, individual states have the right to block foreign-owned...
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