Retail news

• PizzaExpress bondholders press for debt restructuring

  07-10-2019 19:43 via ft.com
  Talks could involve debt-for-equity swap or splitting off UK arm from international operations
  
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• Shoppers slash spending as Brexit looms

  07-10-2019 17:03 via ft.com
  Retailers suffer worst September for more than 20 years
  
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• Pizza Express lining up for painful debt restructuring

  07-10-2019 16:31
  Lenders expected to be bruised while fears for chain’s immediate health played downPizza Express appears destined for a debt restructuring that could bruise its lenders, as sources with knowledge of the situation played down concerns it was in serious financial difficulty.The pizza chain is reportedly in early talks to refinance two tranches of borrowing worth a combined £665m, part of a debt pile that had reached £1.1bn by the end of December 2018. Continue reading...
  
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• UK retailers demand Brexit deal after worst September on record

  07-10-2019 13:54
  Consumers holding off from non-essential purchases due to uncertain outlook, says BRCRetailers have urged the government to secure a Brexit deal with the EU after their latest health check of high street and online spending showed the weakest growth for the month of September since the survey was launched in the mid-1990s.The British Retail Consortium – the trade body for shops, stores and digital suppliers of consumer goods – said a 1.3% drop in sales in September meant the annual i
  
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• The muzzling of Michael Winterbottom: how Sony censored Greed

  07-10-2019 07:00
  His fashion tycoon send-up, starring Steve Coogan with alarming teeth, was meant to end with shocking figures about workers’ pay. But the studio said no. The director relives a six-month spatEvery year for the past three decades, Michael Winterbottom has made a movie. Britain’s most mercurial director may have hopped between genres like a frog on a bouncy castle, but he has stuck to a strict schedule – inspired, apparently, by the subject of his first film, Ingmar Bergman. (Ber
  
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