Retail news

• Ted Baker’s largest lender falls out with administrators over chain’s collapse

  26-05-2024 12:30 via retailgazette.co.uk
  
  Ted Baker’s largest creditor has fallen out with the chain’s administrators over claims of a conflict of interest.
  The retailer’s main lender Secure Trust Bank attempted to replace Teneo as administrators as it is owned by the same private equity firm that owns a stake in Ted Baker owner Authentic Brands, The Times reported.
  It is understood that Secure Trust was concerned that Teneo might have an incentive to act within the interests of its owner CVC, rather than creditors.Sub
  
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• The Body Shop: M&S and Next eye rescue deal

  26-05-2024 12:03 via retailgazette.co.uk
  
  M&S and Next have made early expressions of interest in submitting possible rescue bids for The Body Shop as administrators prepare to launch an auction.
  Administrators at FRP Advisory revealed last week the vegan beauty chain would be put up for sale the second time within a year if its plans for a company voluntary arrangement (CVA) fell through.
  Private equity firm Aurelius, which placed The Body Shop into administration within months of acquiring it, is also preparing to table a bid to r
  
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• THG in High Court battle with Australian distributor over unpaid bills

  26-05-2024 11:31 via retailgazette.co.uk
  
  THG has taken its Australian business partner to the High Court over claims of unpaid bills.
  The ecommerce group took the dispute to court last September to pursue alleged unpaid invoices worth £1.4m owed by Nutrition Depot, The Telegraph reported.
  THG argued the Queensland-based company, which had been its exclusive distributor of MyProtein products in China and Macau, had breached its distribution contract by not settling the invoices.
  However, Nutrition Depot claims it did not receive t
  
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• Alpha Zone – Protecting high value products in real time

  26-05-2024 10:49 via theretailbulletin.com
  
  Alpha Zone is a new High-Theft System that enables retailers to protect their high value products in real time, by monitoring their position and movement. This... View Article
  
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