Retail news

• Hut Group CEO to get £830m in shares in one of UK's biggest payouts

  15-11-2020 19:15
  
  Matthew Moulding’s windfall after rise in share price prompts calls for higher taxes on wealthyThe chief executive of The Hut Group (THG) is to receive one of the biggest payouts in UK corporate history after the recently listed online retailer’s share price rose, sparking calls for higher taxes on the super-rich.Matthew Moulding, who founded the company in 2004, will receive at least £830m in shares after the share price of the company rose to hit targets set at its flotation
  
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• Arcadia in talks over possible £30m loan after Covid sales loss

  15-11-2020 18:53
  
  Financial difficulties prompt fashion group to look at number of options for businessCoronavirus – latest updatesSee all our coronavirus coverageSir Philip Green’s Arcadia fashion group is in talks with potential lenders over a loan worth tens of millions of pounds as it seeks to recover from the blow of England’s second coronavirus lockdown.Arcadia, the parent company of brands including Topshop, Burton and Dorothy Perkins, could look to borrow as much as £30m to help it
  
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• Supermarkets face calls to waive right to business rates relief

  15-11-2020 18:41 via ft.com
  MPs question whether food retailers issuing dividends should benefit from Covid-19 support
  
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• Arcadia says it is seeking to mitigate drag from second lockdown

  15-11-2020 16:59 via ft.com
  Owner of high street chains Topshop and Burton denies that administration is imminent
  
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• Supermarkets should pay back £1.9bn Covid business rates relief, say MPs

  15-11-2020 16:10
  
  Conservative and Labour MPs say taxpayers’ money not needed by big chains, who are paying out dividendsCoronavirus – latest updatesSee all our coronavirus coverageBig supermarkets should hand back almost £2bn in business rates relief on offer during the coronavirus pandemic because they are paying out dividends to shareholders, according to a former minister in Boris Johnson’s government.The government introduced a 12-month break on business rates in March across England
  
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• Spending splurge before Covid lockdown 2 reveals the true trade-offs

  15-11-2020 12:47
  
  Pandemic highlights big gap between what Covid restrictions we support and whether we actually abide by themAnyone tuning in early on Halloween to see the Strictly contestants strut their stuff would have found themselves watching the prime minister giving a press conference from Downing Street.Boris Johnson had his serious face on and little wonder because he was telling people in England that a fresh four-week lockdown was coming. To give the gloomy message extra weight, he was flanked by his
  
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• Call of the wild: hot new fleeces make the outdoors cool

  15-11-2020 10:50
  
  The sight of celebrities wearing clothes usually associated with comfort during lockdown is pushing sales through the roofMore usually associated with walking the dog or a hike in the hills, the humble fleece is discovering its sex appeal. Vogue declared the “sexy fleece” trend one to note last week, while the entertainment website Refinery29 claimed the fleece has gone “from campsite to cool”.Their enthusiasm for an item of clothing more normally linked with comfort rath
  
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• UK retailers face biggest test as Christmas goes online

  15-11-2020 06:00 via ft.com
  Industry has spent millions expanding website capacity as Covid shuts shops at busiest time
  
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