Retail news

• High Court to decide if New Look can enter examinership

  27-09-2020 15:31 via retailgazette.co.uk
  // New Look landlords in the High Court will seek to oppose its plans to enter examinership
  // They have said that the move to seek court protection is “contrived”
  // If New Look is successful in appointing an examiner, the resulting scheme will lead to the permanent repudiationThe High Court is reportedly due to decide if New Look can enter examinership and seek rent cuts despite being profitable.
  This Friday, a group of landlords in the High Court will seek to oppose plans by the r
  
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• Boohoo urges US court to drop £79m fake discount lawsuit

  27-09-2020 15:07 via retailgazette.co.uk
  // Boohoo accused of offering fake discounts to customers
  // The retailer is asking a Californian court to ditch a £79 million lawsuitBoohoo has reportedly urged a US court to drop a $100 million (£79 million) lawsuit over allegations that it offered “fake” discounts to customers.
  The online retailer, which owns PrettyLittleThing and Nasty Gal, has been accused of deceptive pricing by running fake sales and promotions to lure consumers.
  Boohoo is facing allegations o
  
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• Sports Direct warehouse accused of breaching Covid-19 guidelines

  27-09-2020 14:31 via retailgazette.co.uk
  // Sports Direct accused of failure to provide masks or gloves at Derbyshire warehouse
  // Warehouse staff have complained that their health has not been prioritisedA Sports Direct distribution centre in the East Midlands has reportedly breached social distancing rules and failed to provide its workers with masks or gloves amid the Covid-19 pandemic.
  The sportswear retailer, which is owned by Mike Ashley’s Frasers Group, has seen staff at its Derbyshire warehouse complain of its failure to
  
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• Walmart close to picking preferred bidder for Asda

  27-09-2020 14:01 via retailgazette.co.uk
  // Asda owner Walmart is due to pick a preferred bidder amid the sales process
  // The US giant will choose between private equity firms Apollo and TDR Capital
  // Private equity firm Lone Star dropped out of the race earlier this monthAsda owner Walmart is reportedly close to picking the preferred bidder, as the grocer’s sale process continues.
  The board of Walmart is due to choose between private equity firms Apollo and TDR Capital, which have both submitted bids to take a majority stake i
  
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• It would be a crying shame if Boohoo's chairman kept his post after this scandal

  27-09-2020 10:00
  
  The report on factory conditions in Leicester was damning. Mahmud Kamani should not be let off the hookBoohoo’s share price has returned to the level seen before examples of pay abuses and terrible working conditions in the company’s supply chain in Leicester were exposed in July. Trade has not been dented by the scandal. And the independent report by Alison Levitt QC – which found Boohoo knew about serious examples of failures likely to be “endemic” months before t
  
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• As rent day looms, it's the landlords' turn to be worried

  27-09-2020 01:05
  
  With new restrictions cutting takings at shops and restaurants, property owners see little chance of collecting all rents dueLate-night revellers and publicans may not the be the only ones ruing the latest restrictions aimed at stemming the spread of the coronavirus. A shift back to working from home and orders to close pubs and restaurants by 10pm will not help refill the coffers of landlords set to miss out on £4.5bn in rent between mid-March and the end of the year.“The restrictio
  
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