Sainsbury’s sells Argos to Swift Partners in £120m deal
Argos finds a new home Sainsbury’s has agreed to sell Argos to an investment group, Swift Partners, for £120m, a decade after buying the catalogue retailer, as the supermarket moves to focus on its core food business. The grocer said it would receive cash proceeds of at least £120m, including a £70m up-front payment when […]
1 week ago
Major high street retailer to close 150 stores as restructuring plan approved
The latest to encounter difficulties A major high street retailer is closing 150 stores after a restructuring plan was approved. The move is just the latest high street business to undergo restructuring and close stores in the wake of “challenging retail conditions”. Since the start of 2025, a number of chains and high street household […]
1 month ago
Major supermarket to close 100 stores
Hundreds of jobs are expected to be at risk. Major supermarket chain, Morrisons, is planning to close 100 stores over the coming months. The supermarket chain blamed government policy choices for rising costs, saying the affected convenience stores had been loss-making for some time and were acquired through its McColl’s acquisition in 2022. It went […]
2 months ago
Up to 150 stores of former high street giant to close
Up to 150 stores to close in restructuring plan Up to 150 of the 480 high street stores operated by the retail giant are set to close under a restructuring plan launched by the chain’s new owner. The chain was previously part of WHSmith’s high street business before being sold off in a major retail […]
3 months ago
Major retailer disappears from UK high street after closing all 137 stores
The business employed around 1,200 people. A major retailer has disappeared from the UK high street after closing down all 137 stores. After falling into administration four months ago, it is the latest of a number of large retailers and businesses to have been struggling in the UK in recent times. Poundland, River Island, Claire’s, […]
4 months ago
Stores to close earlier than expected after major UK high street retailer enters administration
Over 1,200 jobs at risk A number of stores are set to close earlier than expected of a major UK high street retailer which has entered administration. A number of large retailers and business have been struggling in the UK in recent months. Poundland, River Island, Claire’s, and a number of travel agents have flirted […]
4 months ago