Harvey Nichols bought by Sports Direct owner Frasers Group
Harvey Nichols faces ‘significant restructuring’ Harvey Nichols has been bought by Mike Ashley’s Frasers Group, the owner of Sports Direct, after the luxury department store warned it would have to cease trading within a year without new investment, BBC News reports. Frasers will take control of the 200-year-old retailer’s stores, including its Knightsbridge flagship, its […]
1 month ago
Experts explain how UK drought will affect your food bill
Growing concerns over soaring temperatures and drought around the UK that could lead to shortages This year’s harvest could be known as the worst in the UK since recording started 190 years ago. An exceptionally dry spring and summer could lead to food shortages, impacting shelves in what is called ‘shrinkflation’. The Food and Drink […]
1 month ago
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 […]
2 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, […]
5 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 […]
6 months ago
Major UK supermarket announce they’re cutting hundreds of jobs
Up to 300 jobs are at risk A retailer in the UK has announced that they’re cutting hundreds of jobs as part of a major restructure. Hundreds of jobs are at risk now at Sainsbury’s, which employs around 140,000 people. The retailer could cut up to 300 jobs across Sainsbury’s and Argos, it was revealed, […]
7 months ago