Retail news

• Matalan lenders to take ownership of group

  15-01-2023 17:36
  Deal will end John Hargreaves’ control of value retailer he founded almost 40 years ago
  
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• Mohammed Bux Baloch obituary

  15-01-2023 15:48
  My father, Mohammed Bux Baloch, was the founder and owner of Balochi of London, a small chain of souvenir shops in the West End. Although the stores were commercially successful, they were perhaps more important as a meeting place for countless numbers of newly arrived Pakistani immigrants; somewhere they could get their bearings, seek help and find friendship.Over the years Mohammed never stinted on the informal assistance he gave to such visitors, helping them to settle academically, professio
  
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• Matalan founder John Hargreaves loses control in rescue deal

  15-01-2023 09:27 via retailgazette.co.uk
  // Lenders are set to inject up to £100 million in funds
  // The deal will reduce Matalan’s gross debt by £260 million to £335 millionMatalan founder John Hargreaves has lost control of the fashion retailer he set up around 40 years ago, following a deal which will secure the future of the company.
  Lenders Invesco, Man GLG, Napier Park and Tresidor are expected to seize the retailer tomorrow, agreeing to wipe £250 million off the company’s debt.
  The lenders are
  
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• Cocktails in comfort: why homewear is the new staying-in staple

  15-01-2023 08:00
  Trend features feathered and furry PJs, posh robes and structured slippers as daytime dressing for housebound fashionistasForget your old university sweatshirts and saggy leggings. Post pandemic, there’s a whole new category of clothing emerging specifically created for wearing inside, rather than outside, the house.Homewear, rather than ware, comprises items that fall somewhere between loungewear and nightwear. Pieces comfortable enough to binge Netflix in but equally presentable enough t
  
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