Retail news

• Harvey Nichols owner lends further £25m to chain

  28-04-2024 16:31 via retailgazette.co.uk
  
  Harvey Nichols owner Sir Dickson Poon has committed to lend an additional £32.5m to the retailer, in a bid to veer it away from financial difficulty.
  Accounts filed at Companies House last week show that the businessman lent the department store chain £25.5m, and had committed to pay a further £7m following its year-end last April.
  Poon has now lent £106m in total to the luxury retailer, which now has no external debt.
  A Harvey Nichols spokeswoman said Poon believes it is
  
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• Shein set to boost FTSE 100 with London IPO

  28-04-2024 10:11 via retailgazette.co.uk
  
  Shein is expected to boost the FTSE 100 as soon as next month, when the fashion retailer has confirmed it will float its shares in London.
  Chancellor Jeremy Hunt and Labour’s shadow business secretary Johnny Reynolds voiced their support for the stock market float after Shein executive chairman Donald Tang visited the UK in April.
  The Chinese retail giant initially indicated a preference to float its shares in New York, where stock market valuations for online firms are usually much higher
  
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• Shein forecast to boost FTSE 100 in May following London float

  28-04-2024 10:11 via retailgazette.co.uk
  
  Shein is expected to boost the FTSE 100 as soon as next month, when the fashion retailer has confirmed it will float its shares in London.
  Chancellor Jeremy Hunt and Labour’s shadow business secretary Johnny Reynolds voiced their support for the stock market float after Shein executive chairman Donald Tang visited the UK in April.
  The Chinese retail giant initially indicated a preference to float its shares in New York, where stock market valuations for online firms are usually much higher
  
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