Retail news

• Mary Portas warns John Lewis has ‘let go of its soul’ in open letter to boss Sharon White

  26-03-2023 15:22 via retailgazette.co.uk
  
  // John Lewis has ‘let go’ of its soul under its new chairman, leading retail consultant Mary Portas claims
  // Mary Portas, 62, said she was speaking on ‘behalf’ of Britain in an open letter published this weekendRetail consultant and broadcaster Mary Portas warned John Lewis has “let go of its soul” following the news that the department store was considering ending its employee-owned business structure in order to attract investment.
  Portas published an
  
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• Ex-boss urges John Lewis not to change staff ownership model

  26-03-2023 15:04
  
  West Midlands mayor Andy Street says it would be a tragedy, as the business ‘goes a bit beyond a shop’It would be a tragedy if John Lewis were to change is staff-ownership model, a former boss of the retailer has said.The familiar high street name, which is part of a partnership that includes the supermarket Waitrose, has been wholly owned by its employees since the 1920s. The business model could be under threat as bosses consider bringing in outside investment of up to £2bn f
  
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• Issa brothers close to merging Asda and EG petrol forecourts in £12bn deal

  26-03-2023 14:46 via retailgazette.co.uk
  
  // Asda owners the Issa Brothers are close to completing a £12 billion merger of the supermarket chain and their UK petrol stations
  // The deal would most likely be structured as an Asda takeover of EG UK, adding more debt to the supermarket’s balance sheetAsda’s billionaire owners are racing to complete a massive merger of the supermarket chain and their UK petrol stations as part of their efforts to reduce the debt burden of their forecourts empire.
  According to The Times, th
  
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• Boots could be sold or floated by the end of 2023 as Walgreens focuses on US

  26-03-2023 14:24 via retailgazette.co.uk
  
  // Boots could be sold or floated by end of the year as bosses of Walgreens Boots Alliance apply pressure to break up the high-street pharmacy retailer
  // Industry experts believe Walgreens should spin off its international operations as soon as possibleBoots could be sold or floated by the end of the year, as its US parent company’s executives face intense pressure to break up the global pharmacy giant.
  This is Money reports that investors and board members want Walgreens Boots Alliance e
  
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• Boots could be sold or floated by the end of 2023

  26-03-2023 14:24 via retailgazette.co.uk
  
  // Boots could be sold or floated by end of the year as bosses of Walgreens Boots Alliance apply pressure to break up the high-street pharmacy retailer
  // Industry experts believe Walgreens should spin off its international operations as soon as possibleBoots could be sold or floated by the end of the year, as its US parent company’s executives face intense pressure to break up the global pharmacy giant.
  This is Money reports that investors and board members want Walgreens Boots Alliance e
  
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• All UK honey tested in EU fraud investigation fails authenticity test

  26-03-2023 10:00
  
  Ten samples from Britain were suspected of containing cheap sugar syrupAdulteration of honey with cheap sugar syrup has been exposed in a new investigation by the European Commission, which found 46% of sampled products were suspected to be fraudulent. Ten honey samples from the UK all failed the tests. They may have been blended or packaged in Britain, but the honey probably originated overseas.This is not the first time tests have suggested that UK shoppers may be being cheated on their honey,
  
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