Retail news

• Fenwick CEO: ‘There’s only room for one department store in cities outside of London’

  02-05-2023 18:00 via retailgazette.co.uk
  
  // Fenwick CEO John Edgar says that cities other than London can only support one department store
  // The retailer is eyeing new stores but wants to be “the only show in town”Fenwick CEO John Edgar has said the days of having multiple department stores in cities are gone as the market can no longer withstand it.
  Edgar told The Telegraph that there are cities where the department store “would love to be – but someone else is already there”.
  He said: “The days o
  
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• Apollo brings in former Coty CEO to help with THG offer

  02-05-2023 16:43 via retailgazette.co.uk
  
  // Apollo drafts in retail veterans Camillo Pane and Tony Buffin to help draw up a firm offer for THG
  // The US private equity giant has until May 15 to confirm whether or not it will make an offer for the firm under takeover rulesA former chief executive of Rimmel owner Coty has been drafted in to help Apollo Global Management draw up a firm offer for THG, Sky News reports.
  The title has learnt that the US private equity giant has brought in Camillo Pane and Tony Buffin, a former CEO of Ho
  
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• Apollo brings in ex-Coty and Holland & Barrett CEOs to help with THG offer

  02-05-2023 16:43 via retailgazette.co.uk
  
  // Apollo drafts in retail veterans Camillo Pane and Tony Buffin to help draw up a firm offer for THG
  // The US private equity giant has until May 15 to confirm whether or not it will make an offer for the firm under takeover rulesA former chief executive of Rimmel owner Coty has been drafted in to help Apollo Global Management draw up a firm offer for THG, Sky News reports.
  The title has learnt that the US private equity giant has brought in Camillo Pane and Tony Buffin, a former CEO of Ho
  
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• Retail Gazette Awards begins search for the biggest retail game changers in 2023

  02-05-2023 14:26 via retailgazette.co.uk
  
  // New categories join “unapologetically different” free-to-enter and attend industry celebration
  // Entries across all categories are open from today, May 2nd, 2023The second annual Retail Gazette Awards has opened for entries with retailers invited to celebrate their credentials as true game changers in the industry. This years event, taking place October 18th, follows the inaugural awards last year that saw brands like Aldi, Lush, Sook, Silentnight, Dreams and more take home the h
  
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• Watch: Aldi reignites M&S ‘caterpillar cake war’ with savage ad ahead of Coronation

  02-05-2023 14:09 via retailgazette.co.uk
  
  // Aldi jabs M&S once again over its caterpillar cake row in new ‘Like Brands, Only Cheaper’ tv advert
  // Colin and Cuthbert can be seen coming to blows at a party ahead of King Charles III’s CoronationAldi has taken aim at Marks & Spencer’s Colin the Caterpillar Cake once again, using King Charles III’s upcoming Coronation to land a few blows in its new advert.
  The German discount grocer’s latest ‘Like Brands, Only Cheaper’ tv advert featu
  
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• Watch: Aldi reignites M&S ‘caterpillar cake war’ with cheeky ad ahead of Coronation

  02-05-2023 14:09 via retailgazette.co.uk
  
  // The discounter jabs M&S once again over its caterpillar cake row in new ‘Like Brands, Only Cheaper’ TV advert
  // Colin and Cuthbert can be seen coming to blows at a party ahead of King Charles III’s CoronationAldi has taken aim at Marks & Spencer’s Colin the Caterpillar Cake once again, using King Charles III’s upcoming Coronation to land a few blows in its new advert.
  The German discount grocer’s latest ‘Like Brands, Only Cheaper’ TV ad
  
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• The White Company founder cashes in on £50m dividend

  02-05-2023 13:26 via retailgazette.co.uk
  
  // The White Company founders collect £50m in dividends as the retailer bounces back post-pandemic
  // The upmarket retailer posted profits before tax surged 17% in the year to 30 July 2022The White Company founders have received at least £50m in payments as profits lift post-pandemic.
  The upmarket homewares and fashion retailer paid a £50m dividend to an entity controlled by founder Chrissie Rucker and her husband, Charles Tyrwhitt founder Nicholas Wheeler.
  It’s high
  
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• Adidas sued by investors over Yeezy partnership

  02-05-2023 11:15 via retailgazette.co.uk
  // Adidas investors are suing the sportswear giant claiming the company knew the risks surrounding its partnership with Kanye West.
  // The shareholders also claim the company failed to minimise its financial losses occurred by the termination of the agreementAdidas is being sued by investors claiming that the sportswear giant knew about the risks of its partnership with Kanye West long before it cut ties with the rapper.
  The retailer terminated its agreement with West, who is known as Ye, i
  
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• In pictures: On running opens ‘The Monster Den’ pop-up in Liverpool

  02-05-2023 10:57 via retailgazette.co.uk
  
  // On running opens a 4,000 sq ft pop-up store at Liverpool One
  // Featuring all the latest On gear, the space will also host group runs, yoga for runners, coffee club, DJs and moreSwiss sportswear retailer On has opened its first-ever pop-up outside of London at Liverpool ONE.Until 4 June, ‘The Monster Den’, which can be found in a 4,000 sq ft space on Lower South John Street, will highlight community, connection, and “the joy of running”, through both its product offeri
  
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• In pictures: On running opens ‘The Monster Den’ Liverpool pop up

  02-05-2023 10:57 via retailgazette.co.uk
  
  // On running opens a 4,000 sq ft pop-up store at Liverpool One
  // Featuring all the latest On gear, the space will also host group runs, yoga for runners, coffee club, DJs and moreSwiss sportswear retailer On has opened its first-ever pop-up outside of London at Liverpool ONE.Until 4 June, ‘The Monster Den’, which can be found in a 4,000 sq ft space on Lower South John Street, will highlight community, connection, and “the joy of running”, through both its product offeri
  
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• Footasylum to open Oxford Street flagship store

  02-05-2023 10:30 via retailgazette.co.uk
  
  // Footasylum will open a new flagship store at 73-89 Oxford Street in the second half of 2023
  // The store will trade across two floors, with additional customer service and click-and-collect lockers located in the store’s basementFootasylum will be opening the doors to a new flagship store at 73-89 Oxford Street, London as it continues to see “strong demand” for its branded streetwear offering.
  The retailer‘s new 20,000 sq ft store will open to the public in the second
  
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• Supermarket shelves face more fruit and veg shortages

  02-05-2023 10:14 via retailgazette.co.uk
  
  // Supermarket shelves face more fruit and vegetable shortages due to poor weather in the UK and abroad
  // A chilly start to spring has delayed the British growing season as soaring temperatures in Spain  hit supplySupermarket shelves could be hit by more fruit and vegetable shortages as temperatures soar in southern Spain and cold weather in the UK delays the growing season.
  Temperatures reached a record high of 39C last month in parts of Andalucía in Spain amid an ongoing drou
  
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• Superdry eyes £15m share sale

  02-05-2023 09:34 via retailgazette.co.uk
  
  // Superdry in advanced talks to raise £15m through a sale of its shares
  // The retailer also confirmed it was in “positive” discussions with investors over a 20% equity raiseSuperdry is said to be in advanced talks to raise £15m through a sale of its shares as it looks to bolster its balance sheet.
  According to Sky News, the cash call could be announced as soon as this week.
  The retailer confirmed on Tuesday it was in “positive discussions” with investor
  
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• Supermarkets face calls for profiteering probe amid record high inflation

  02-05-2023 09:21 via retailgazette.co.uk
  
  // The UK’s biggest supermarkets face calls for profiteering probe
  // Liberal Democrat leader Ed Davey has accused supermarkets of profiteering from record high food inflationThe UK’s competition watchdog is facing calls to investigate claims of profiteering among Britain’s largest supermarkets after food inflation soared to a record high in April.
  Liberal Democrat leader, Ed Davey, has requested the Competition and Markets Authority (CMA) investigate whether supermarkets
  
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• John Lewis Partnership to halve size of London headquarters

  02-05-2023 08:54 via retailgazette.co.uk
  
  // John Lewis Partnerships looks to cut more than half its central London headquarters
  // The partnership has enlisted property experts Tuckerman to find new officesJohn Lewis Partnership is set to cut more than half of its central London headquarters as staff embrace flexible working.
  According to The Telegraph, the Partnership is said to be looking to move next year and have hired property experts Tuckerman to find new offices in the city.
  Sources said the partnership is looking for space
  
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• John Lewis Partnership to downsize London headquarters

  02-05-2023 08:54 via retailgazette.co.uk
  
  // John Lewis Partnerships looks to cut more than half its central London headquarters
  // The partnership has enlisted property experts Tuckerman to find newJohn Lewis Partnership is set to cut more than half of its central London headquarters as staff embrace flexible working.
  According to The Telegraph, the Partnership is said to be looking to move next year and have hired property experts Tuckerman to find new offices in the city.
  Sources said the partnership is looking for space which i
  
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• UK supermarkets face calls for ‘profiteering’ investigation as inflation soars

  02-05-2023 07:01
  
  Lib Dem leader calls for watchdog to probe reports of big retailers and food multinationals inflating markupsBritain’s biggest supermarkets are facing calls for the UK’s competition watchdog to investigate claims of profiteering amid the cost of living crisis, as industry figures show food price inflation soared to a record high in April.With the rising cost of a weekly shop adding to pressure on households across the country, the Liberal Democrat leader, Ed Davey, called on the Comp
  
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• Superdrug celebrates National Beauty Bin Day with Beauty Banks and celebrity friends

  02-05-2023 02:00 via theretailbulletin.com
  
  Superdrug is celebrating National Beauty Bin Day as it reaches the milestone of five years since the first Beauty Bank bin was installed in its stores.... View Article
  
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• John Lewis Partnership looks to downsize headquarters

  02-05-2023 02:00 via theretailbulletin.com
  
  The John Lewis Partnership is looking to cut the size of its head office space by over 50% due to more staff working from home following... View Article
  
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• Hunza G chooses Seven Dials for first physical store

  02-05-2023 02:00 via theretailbulletin.com
  
  Shaftesbury Capital has announced that swimwear brand Hunza G has chosen London’s Seven Dials for the opening of its first physical store. Situated on Monmouth Street,... View Article
  
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• Anthropologie announces new leadership appointments

  02-05-2023 02:00 via theretailbulletin.com
  
  Anthropologie Group has made three new senior appointments as it positions itself for continued growth. The first has seen Anu Narayanan being promoted to the role... View Article
  
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