Retail news

• Waterstones owner Elliott makes bid for The Body Shop

  17-09-2023 21:19 via retailgazette.co.uk
  
  Waterstones owner Elliott Advisers is in the running to buy The Body Shop.
  Elliott is understood to have submitted an indicative offer for the health and beauty retailer in recent weeks, according to Sky News.
  The Body Shop’s owner, Brazilian cosmetics giant Natura, hoisted a ‘For Sale’ sign above the chain last month. It follows its sale of Aesop to L’Oréal for £2bn back in April.
  The new outlet claims that Morgan Stanley is managing the sale process an
  
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• Mike Ashley in talks to sell Missguided to Shein

  17-09-2023 12:14 via retailgazette.co.uk
  
  Mike Ashley is in talks to sell Missguided to discount fashion giant Shein.
  According to Sky News, the pair are in detailed discussions and talks have been ongoing for several weeks.
  The move would be Shein’s first purchase of a British fashion brand. One city source told the publication that the Chinese fashion giant would likely keep Missguided’s brand and other intellectual property but Frasers Group would retain the fashion retailer’s head office.Subscribe to Retail Gazette
  
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• Boots ditches marketplace launch

  17-09-2023 12:13 via retailgazette.co.uk
  
  Boots has ditched the launch of its marketplace, which it unveiled this spring.
  The health and beauty company had said the marketplace would allow third-party brands of any size to feature their products on its website.
  However, Boots has shelved this plan in favour of boosting its existing dropship programme, which enables third-party brands to deliver their products directly to shoppers, according to Retail Week.Subscribe to Retail Gazette for free
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• M&S switches plastic bags to paper alternative

  17-09-2023 12:01 via retailgazette.co.uk
  
  M&S is ditching its plastic carrier bags for paper versions across all of its shops, under a trial extension which started in 10 stores this January.
  The Forest Stewardship Council-certified bags, which are now available from all of the retailer’s UK shops, are water resistant due to a natural resin applied to them during the manufacturing process.
  According to M&S, once worn out, the paper bags can be placed into household recycling bins.
  The business’s corporate affairs dir
  
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• Wilko workers hit with pension cuts

  17-09-2023 10:13 via retailgazette.co.uk
  
  Wilko workers signed up to its pension scheme have been hit with a reduction to their savings, as the business’s benefit scheme enters the Pension Protection Fund.
  According to administrator PwC, the deficit in the scheme has risen to £76m on a buyout basis, compared to the £50m previously thought.
  While £56m will rank as an unsecured debt, the scheme is due to reclaim £20m from security taken over a distribution centre and other freehold properties.
  Any distributio
  
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• We shed crocodile tears over our high streets then click online and finish them off | Barbara Ellen

  17-09-2023 10:02
  
  Brexit, Covid and rising costs all contributed to closures like Wilko, but we lazy, hypocritical shoppers played a partOnce more, there are grim reports that the British high street is dying. It’s time for people like me to make it clear how much we care. To become alarmed and talk urgently, nostalgically, of bustling streets, crucibles of commerce, the pumping arteries of local communities.And more. The lost art of live shopping. Ringing tills, rustling bags. The magic and theatre of it a
  
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• Frasers Group to sell Missguided to Chinese fashion giant Shein

  17-09-2023 02:00 via theretailbulletin.com
  
  Mike Ashley’s Frasers Group is set to sell Missguided to Chinese online fashion giant Shein. The deal, which was first reported by Sky News, comes after the... View Article
  
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• Fatface launch premium collection ‘Copper & Black’ early

  17-09-2023 02:00 via theretailbulletin.com
  
  British lifestyle and B-Corp clothing brand FatFace has announced the launch of its latest Copper & Black range, as it looks to expand the collection in... View Article
  
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