Retail news

• Rest in Peeps: US candy pioneer Bob Born dies at 98

  05-02-2023 19:50
  
  Pennsylvania confectioner worked out how to mass produce marshmallow Easter treat that now sells billions each yearBob Born, the man who turned Peeps candy into an American phenomenon, has died. He was 98.Just Born Quality Confections announced that Born died on 29 January, 100 years after his father, Sam Born, started the company in New York before relocating to Bethlehem, Pennsylvania. Continue reading...
  
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• Tesco boss Jason Tarry ‘could take top job at Morrisons’, replacing Potts

  05-02-2023 13:10 via retailgazette.co.uk
  
  // According to City sources, Tesco managing director Jason Tarry identified himself as a possible replacement for Morrisons boss David Potts
  // According to one source, an announcement on Potts’ replacement could be ‘imminent’Tesco executive Jason Tarry has been identified as a possible replacement for Morrisons boss David Potts, according to City sources, This Is Money reports.
  The US private equity firm that owns Morrisons, Clayton Dubilier & Rice (CD&R), is using he
  
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• Tesco boss Jason Tarry could replace Potts as Morrisons CEO

  05-02-2023 13:10 via retailgazette.co.uk
  
  // According to City sources, Tesco managing director Jason Tarry identified himself as a possible replacement for Morrisons boss David Potts
  // According to one source, an announcement on Potts’ replacement could be ‘imminent’Tesco executive Jason Tarry has been identified as a possible replacement for Morrisons boss David Potts, This Is Money reports.
  The US private equity firm that owns Morrisons, Clayton Dubilier & Rice (CD&R), is using headhunter Egon Zehnder to fi
  
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• Top credit insurer slashes cover for Iceland suppliers

  05-02-2023 12:55 via retailgazette.co.uk
  
  // Iceland has had its cover pulled from a leading credit insurer as the jump in energy costs piles pressure on the retailer
  // It is unusual for credit insurers to target grocery retailers but Iceland’s reliance on large chest freezers means it is disproportionately vulnerable to the rise in energy pricesA major credit insurer has pulled cover for suppliers to Iceland as rising energy costs pile pressure on the frozen-food retailer ahead of a crunch refinancing.
  In December, Coface is sai
  
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• Mike Ashley in advanced talks for £100m shopping centres deal

  05-02-2023 12:41 via retailgazette.co.uk
  
  // Mike Ashley is poised for a £100 million spending spree on shopping centres including the Overgate in Dundee
  // Mr Ashley is known to strike a hard bargain and as such sources say there is no guarantee a deal will be doneRetail tycoon Mike Ashley is lining up a £100 million shopping centre swoop amid hopes that the fall-out in the sector is stabilising.
  Ashley’s Frasers Group is in advanced talks to buy the Overgate centre in Dundee for £30m, along with The Mall in Lut
  
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