Retail news

• Ted Baker owner steps in amid funding woes

  15-10-2023 14:34 via retailgazette.co.uk
  
  Ted Baker owner Authentic Brands has stepped in after the company it appointed to run its UK operations has struggled to raise financing.
  The group paid £211m for the fashion retailer’s brand and intellectual property last year and has outsourced its global operations to over 20 different companies.
  According to The Times, Authentic has provided retail management business AARC – which handles Ted Baker’s stores and online business in the UK and Europe – a short-term
  
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• Frasers Group puts 100 Studio Retail jobs at risk as it relocates operations

  15-10-2023 13:56 via retailgazette.co.uk
  
  Frasers Group is making cuts to its Studio Retail staff based in East Lancashire as it looks to streamline operations.
  The retail giant has entered a consultation period for nearly 100 employees at the retailer’s base in Accrington, the Lancashire Telegraph reported.
  Staff were informed via email that the group planned to relocate the business to its Derbyshire base, nearly 100 miles away.
  “To improve operational efficiency, a proposal, subject to consultation, has been made to reloc
  
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• Home Bargains offers customers £500 rewards to catch shoplifters

  15-10-2023 13:30 via retailgazette.co.uk
  
  Home Bargains is offering customers rewards worth up to £500 as it looks to clamp down on the rise in shoplifting.
  The discount retailer has opened a confidential hotline for customers to provide “any information” about a theft or crime in their local shops, The Telegraph reported.
  Posters have gone up at the front of the stores with the phone number, telling shoppers they can receive a monetary reward for information that leads to the “arrest and successful prosecution o
  
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• Ex-JD Sports boss Peter Cowgill mulls return to retail

  15-10-2023 13:05 via retailgazette.co.uk
  
  Former JD Sports boss Peter Cowgill is said to be considering a return to retail to head up a a luxury menswear brand.
  Cowgill, who stepped down in last year after 18 years, is understood to have been contacted by a private equity group about taking on a senior role at Mainline Menswear, The Telegraph reported.
  The brand’s owner – JD Sports – is said to be speaking to prospective buyers for the designer label as it looks to focus more on sportswear.Subscribe to Retail Gazette f
  
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• Ex-JD Sports boss Peter Cowgill mulls return to fashion retail

  15-10-2023 13:05 via retailgazette.co.uk
  
  Former JD Sports boss Peter Cowgill is said to be considering a return to retail to head up a a luxury menswear brand.
  Cowgill, who stepped down in last year after 18 years, is understood to have been contacted by a private equity group about taking on a senior role at Mainline Menswear, The Telegraph reported.
  The brand’s owner – JD Sports – is said to be speaking to prospective buyers for the designer label as it looks to focus more on sportswear.Subscribe to Retail Gazette f
  
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• Coffee cremes, coins and selection boxes: chocolatiers revive classics in bid for bumper Christmas

  15-10-2023 13:00 via theguardian.com
  
  Nostalgic treats are the name of the game for makers keen to repeat the high sales volume they enjoyed last DecemberThe current market is tough for chocolatiers, but they are hoping for a happy Christmas this year thanks to the revival of a number of classics and recent sales figures that suggest this could be a bumper festive season.In a nod to those of a nostalgic bent, Quality Street is bringing back the coffee creme, while Cadbury Dairy Milk Coins are returning for the first time since 2014.
  
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