theguardian.com
Sports Direct owner Mike Ashley buys Harvey Nichols
Mike Ashley's Frasers Group has acquired Harvey Nichols out of administration, saving over 1,000 jobs. The upmarket department store chain has 13 stores and 1,200 employees.
Retail Industry
Stories tagged “Retail Industry.”
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theguardian.com
Harvey Nichols warns it could collapse without rescue deal, as bidders circle
Luxury department store Harvey Nichols has warned it faces collapse within a year without new investment, as Mike Ashley's Frasers Group emerges as the frontrunner in a potential rescue deal.
theguardian.com
Burnham vows crackdown on ‘rip-off’ business practices to ease cost of living
UK Prime Minister Andy Burnham has announced a crackdown on 'rip-off' business practices to ease the cost of living. The measures include banning fake discounts and making it easier for people to cancel unwanted subscriptions.
theguardian.com
Andy Burnham to tour Britain in effort to reconnect government with public
Prime Minister Andy Burnham is embarking on a national tour to reconnect the government with the British public, planning to announce policies addressing the cost of living crisis and high street improvements.
theguardian.com
Can Harvey Nichols find its way back to being Absolutely Fabulous again?
Harvey Nichols, a department store in London, is struggling to turn a profit since the pandemic. Its owner, Sir Dickson Poon, has put the business up for sale, with Mike Ashley's Frasers Group and Next bidding to take control.
theguardian.com
Judge casts doubt on future of WH Smith replacement TG Jones
A judge has cast doubt on the future prospects of TG Jones, the former WH Smith high street business, after approving a rescue plan that involves the closure of 150 stores. The plan, which was approved in July, has been met with scepticism by the judge, who has expressed …
theguardian.com
Gymshark founder in talks to buy back part of stake sold to private equity firm
Gymshark founder Ben Francis is reportedly in discussions to repurchase a portion of the stake he sold to private equity firm General Atlantic in 2020. The move aims to increase his control over the sportswear brand.
theguardian.com
Rotisserie chickens in the trash: I worked in a supermarket and saw shocking food waste every day
A former supermarket worker shares their experience of seeing massive food waste, including rotisserie chickens being thrown away. The issue is linked to stores over-stocking shelves and then discarding unsold items.
theguardian.com
Hot weather behind rise in retail sales in Great Britain in May
UK retail sales saw a 1.2% increase in May, driven by hot weather boosting demand for seasonal items like fans and paddling pools, alongside strong online sales.