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-
Most of Carpetright shops to close with loss of almost 1,600 jobs
Only 54 of 273 stores being bought by rival Tapi, say administrators at PwC -
Most Carpetright shops to close with loss of almost 1,600 jobs
Only 54 of 273 stores being bought by rival Tapi, say administrators at PwC -
Carpetright rival buys 54 shops in rescue deal but more than 1,500 jobs will go
Tapi, set up by son of Carpetright’s founder, says acquisition will enable it to expand to new areasMore than 1,500 jobs are to go at Carpetright as a rescue deal for the retailer by its rival Tapi Carpets & Floors saves only a fifth of its stores and 300 employee roles.The multimillion-pound deal, finalised on Monday, includes 54 stores but not Carpetright’s head office in Purfleet, Essex, while another 219 shops will close. Continue reading... -
The strange, secret life of Hello Kitty: if she isn’t a cat, then what is she?
After 50 years, the cute Sanrio character has been revealed by her creators – and King Charles – to be something quite unexpectedName: Hello Kitty.Age: Fifty. Created in 1974, introduced the following year. Continue reading... -
Tapi confirms acquisition of Carpetright’s brand and 54 stores out of administration
Carpetright’s biggest rival Tapi has snapped up the chain’s brand and more than a fifth of its stores out of administration.
The flooring retailer has acquired Carpetright’s intellectual property and 54 of its stores, which Tapi said will save 300 jobs and “expand [the business] into a number of areas we don’t currently serve”.
However, the deal will result in 1,552 job losses across Carpetright’s head office in Purfleet and its remaining 218 stores acro -
Tapi confirms acquisition of Carpetright’s brand and 54 stores but more than 1,000 jobs lost
Carpetright’s biggest rival Tapi has snapped up the chain’s brand and more than a fifth of its stores out of administration.
The flooring retailer has acquired Carpetright’s intellectual property, two warehouses and 54 of its stores, which Tapi said will save 308 jobs and “expand [the business] into a number of areas we don’t currently serve”.
However, the deal will result in 1,018 job losses across Carpetright’s head office in Purfleet and its remaining -
Hammerson offloads £1.5bn stake in Bicester Village owner Value Retail
Property developer Hammerson has sold its stake in Value Retail, the owner of Bicester Village shopping centre, to Silver Bidco Limited for £1.5bn.
Hammerson said it would earn around £600m from the deal with the newly formed company, which was established by affiliates of private equity firm L Catterton.
It added that the sale, which is expected to complete in the second half of this year, would allow the group to focus on its unique prime urban real estate, reduce debt, reinvest in -
Literacy Capital appoints Penny Grivea as new CEO of Ashleigh & Burwood
Literacy Capital has announced the appointment of Penny Grivea as its new CEO for Ashleigh & Burwood, their consumer home fragrance brand. Ashleigh & Burwood has... View Article -
Asda superstore workers to walk out for second time
Asda employees at its Wisbech store are set to walk out for the second time in a dispute over working conditions.
GMB Union confirmed that over 150 workers at the superstore in Cambridgeshire will walk out of the store from 3am to 10pm on 2 August.
It said the employees were angry over cuts in hours, poor quality training, bullying management, fire safety breaches, as well as health and safety issues not being addressed.
It also claimed that Asda workers were upset over equal pay not being resol -
Food giants are strangling Britain’s farmers and consumers. What’s the solution? Break them up | Nicholas Shaxson
The UK has a huge problem with monopolies – yet taking conglomerates apart is not as hard as you might thinkWhen British farmers protested outside the Houses of Parliament earlier this year, they sent 49 scarecrows, after a survey had found that 49% of UK fruit and vegetable farmers said they expected to go bust within a year. The scarecrows stood in for real farmers, who are mostly too afraid to speak out. One farmer told campaigners they had grown 60 tonnes of salad potatoes for a large -
Australia’s major food companies failing nature, report finbds
Targets to halt environmental damage ‘severely lacking’, Australian Conservation Foundation says, urging food industry to ‘step up to the plate’Get our morning and afternoon news emails, free app or daily news podcastMajor food companies in Australia are roundly failing to set adequate targets to reduce their impact on nature and most are not assessing how their supply chains are hitting the environment, according to a first-of-its-kind report from conservationists.The Fu -
House of CB unveils permanent Oxford Street flagship store
Fashion retailer House of CB is opening a permanent flagship site on Oxford Street, after previously trading from a pop-up store on the shopping district.
The womenswear brand is acquiring an additional 35,000 sq ft of space at the same site as its current 10,000 sq ft pop-up store on 225 Oxford Street, which trades from the first and ground floors.
The success of the temporary store means House of CB is extending to the second and third floors of the property, with international real estate adv -
St Luke’s Hospice to launch charity department store this autumn
St Luke’s – Sheffield’s Hospice is set to launch its most ambitious retail project to date: the city’s first charity department store! Last summer saw the... View Article -
LVMH-backed fund buys £1.5bn stake in Bicester Village owner
UK shopping centre landlord Hammerson says deal with L Catterton is ‘game changer’ -
Benefit’s Bold is Beautiful programme achieves remarkable results
Benefit, the UK’s #1 Prestige Brow Brand, proudly announces the success of its annual Bold is Beautiful philanthropy programme, having raised approximately £2M for charity partners... View Article -
Carpetright brand and 54 stores to be bought by rival, saving 300 jobs
Rescue deal with Tapi Carpets and Floors will still result in about 1,000 job lossesBusiness live – latest updatesThe Carpetright brand and 54 of the flooring retailer’s stores are being bought by its rival Tapi Carpets and Floors in a deal that will save 300 jobs.The multimillion-pound deal, which is expected to be finalised on Monday, does not include Carpetright’s head office in Purfleet, Essex, or 220 further shops, and will result in about 1,000 job losses. Continue readin -
Hammerson sells £1.5bn stake in Bicester Village owner to private equity firm
Property company will use some of proceeds with LVMH-backed investor L Catterton to pay down debtThe property firm Hammerson has sold its stake in the group that controls Bicester Village, the cut-price designer goods shopping centre in Oxfordshire, to the luxury market investor L Catterton in a £1.5bn deal.Hammerson said it would raise £600m in cash proceeds from the sale of its near-40% stake in Value Retail, which also owns nine luxury shopping destinations near Barcelona, Brussel -
Superdrug boss joins calls for government to reform business rates
Superdrug CEO Peter Macnab has joined calls for the government to reform business rates after the King’s Speech last week failed to mention the topic.
Speaking to This is Money, the retail boss said the change was essential for the creation of “vibrant” shopping hubs throughout the country.
Commenting on physical stores, Macnab said: “Please. Sort out the rates. It is such an unfair burden on retail.”
He also urged the government to ditch the tax charged on essentia -
Lidl to invest £1.5bn in British beef production
Lidl will invest £1.5bn into its British beef production over the next five years as part of its commitment to source 100% British beef.
As part of the discounter’s plans to set a new standard in sustainable beef production, it has launched a Sustainable Beef Group to support farmers transitioning to sustainable practices.
Suppliers will be awarded by achievement in categories including cutting carbon intensity, and adopting regenerative farming techniques to improve grazing manageme -
Ikea to open 100 more Tesco click-and-collect points
Ikea is planning to open 100 more click-and-collect points at Tesco stores across the UK as it looks to improve its accessibility for customers.
It comes as the Swedish furniture giant opened its 100th mobile pick-up point this week following a successful nationwide roll-out last year.
The next-day service, which was piloted in 2022, is free of charge for orders over £100 and costs £5 for those below that amount.
The expansion move will mean over 90% of consumers will be within 5 mil -
Primark and Victoria Jenkins to bring adaptive fashion to the high street
Primark is collaborating with award-winning adaptive designer and disability advocate, Victoria Jenkins, to make adaptive fashion accessible and affordable for everyone. Victoria Jenkins, with over a... View Article -
John Lewis bolsters home offer with 36 new brands
John Lewis will start stocking dozens of new homeware brands as part of its efforts to “reinvigorate” its shops and win back customers.
The department store chain is preparing to launch up to 36 new lighting, kitchenware and furniture brands this September, including actor Stanley Tucci’s Greenpan range, The Telegraph reported.
The new ranges mean that more than 160 extra manufacturers will have been introduced over the past 12 months, with its homeware, furniture and lighting -
Ocado Retail boss says it has cut prices to become a ‘supermarket for all’
Ocado Retail CEO Hannah Gibson has insisted that it has reduced prices to become a “supermarket for all,” despite its reputation as an upmarket grocer.
Speaking to The Sunday Times, she explained that the retailer had lowered its prices over the last 18 months, and that it now catered to a “much broader range of people”.
Gibson said: “When I started 13 years ago, our customers would have been wealthier, they would have been more foodie. I still think we absolutely c -
Matalan adds 29 new third-party brands to website
Matalan has bolstered its online offer by introducing 29 new third-party brands to its website.
The fashion and home retailer is expanding its third-party offer once again this summer as it looks to put “more of the womenswear, menswear, homeware and accessories brands that customers want in one place”.
Matalan will launch new womenswear options from AX Paris, Linzi Footwear, Urban Bliss and Gini London, as well as jewellery from Jon Richard and Say It With.
The retailer’s mens -
Ocado bolsters Kroger partnership with new tech
Ocado Group has bolstered its partnership with Kroger with a new range of automated technologies set to roll out across the US retailer’s customer fulfilment centres (CFCs).
Kroger has placed an order for Ocado’s new ‘Re:imagined’ technologies to be implemented across multiple of its existing and future warehouses.
The latest technologies include Ocado’s on-grid robotic pick service, a robotic arm used to pack shoppers’ bags, and automated frameload, which loa -
Managing staff who become social influencers: five tips for employers
By Tiffany Heppell and Jo Moseley at Irwin Mitchell Recent research by Finder suggests that 43% of UK staff have a “side hustle” to earn extra income. Gen... View Article -
Carpetright brand and 54 stores bought by rival, saving 300 jobs
Rescue deal with Tapi Carpets and Floors will still result in about 1,000 job lossesBusiness live – latest updatesThe Carpetright brand and 54 of the flooring retailer’s stores have been bought by its rival Tapi Carpets and Floors in a rescue deal that will save 300 jobs.The multimillion-pound deal does not include Carpetright’s head office in Purfleet, Essex, or 220 further shops, and will result in about 1,000 job losses. Continue reading... -
The latest sustainability trends in retail
With consumer demand for environmental management increasing, retailers must keep pace with sustainability trends in retail and best practices that are environmentally-friendly. The retail industry finds... View Article -
Sosandar to open 50 stores amid brick-and-mortar expansion
Sosandar is planning to open up to 50 stores as it focusses on physical expansion.
The fashion retailer’s joint chief executive Julie Lavington told The Times that the business was “targeting around 50 [shops] in total” over the next three to five years.
It comes as Sosandar is due to open its first two stores in Chelmsford, Essex, and Marlow in Buckinghamshire this September following a successful partnership with Sainsbury’s, that saw the brand’s clothes stocked i -
[Commentary] The latest sustainability trends in retail
With consumer demand for environmental management increasing, retailers must keep pace with sustainability trends in retail and best practices that are environmentally-friendly. The retail industry finds... View Article -
Carpetright rival Tapi to snap up chain in pre-pack deal today
Carpetright rival Tapi has struck a multimillion-pound deal to rescue the flooring specialist’s brand and a number of stores from administration.
Tapi is to buy the Carpetright brand, intellectual property, two warehouses and 54 of its stores in a pre-pack deal today (22 July) that will save over 300 jobs, The Times reported.
The deal does not include the retailer’s headquarters in Purfleet, Essex or 200 other shops, resulting in around 1,000 jobs cut. Related StoryAs Carpetright put -
Hammerson offloads £1.5bn stake in Bicester Village owner
Shopping centre landlord says deal is ‘game changer’ as it mounts turnaround -
John Lewis launches repair trial with Timpson Group
John Lewis is to offer its customers the opportunity to alter, repair, clean or restore their clothes through a partnership with Timpson Group. The retailer will... View Article -
Hammerson sells stake in Bicester Village owner
Hammerson is to dispose of it entire interest in Value Retail, the company behind the Bicester Village designer outlet scheme, in a deal worth £1.5 billion.... View Article -
Selfridges: Saudi Arabia looks to up stake to 50%
Selfridges investor, the Saudi Arabia Public Investment Fund (PIF), is looking to up its stake from 10% to 50% following the collapse of the department store’s co-owner Signa.
The Saudi wealth fund plans to pay just £1m for the stake as it is a creditor of Signa and this would reduce its claims against the firm by up to £52m, according to Bloomberg. Bangkok Bank, which provided loans for Selfridges’ Oxford Street site, would also waive about €733m (£618m) in cl -
Ocado partner Kroger orders new automated technologies
Ocado has announced that US grocery retailer Kroger has placed an order for new automated technologies to roll out in its customer fulfilment centres. The news... View Article -
Barbour to make city debut at Victoria Leeds
Barbour is to open its first standalone store in Leeds in the city’s Victoria Quarter. Spanning 2,679 square feet across two floors, the Victoria Leeds shop... View Article -
John Lewis launches in-store repair trial with Timpson Group
John Lewis customers will be able to bring clothing, accessories and a selection of homeware to be repaired in store in a new trial with Timpson Group owned-Johnsons.
The new in-store service launches today in five John Lewis branches – Oxford, Liverpool, Cheadle, Milton Keynes and Welwyn – and offers repair and alterations, laundry, and dry cleaning with any brand accepted.
John Lewis commercial director Kathleen Mitchell said: “Our customers come to us for fashion and homewar -
Holland & Barrett trials new barista-made ‘H&Bean’ drinks in central London store
Wellness retailer Holland & Barrett is trialling a new range of barista-made beverages containing the latest health and wellness trending ingredients The H&Bean takeaway coffee and... View Article -
John Lewis trials repair service in partnership with Timpson Group
Five stores will offer to alter, clean or mend clothes in service marketed as a way to help prevent wasteJohn Lewis customers will be able to give their favourite leather jacket a new lease of life or have a cushion cover fixed, as part of a repairs partnership with Timpson Group, the business famed for offering ex-offenders a second chance.The service, which will be trialled at five stores from Monday, is designed to encourage shoppers to pay to have items altered, repaired, cleaned or restored
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