Retail news

• America’s largest supermarket merger hangs on the fate of its workers

  29-09-2024 12:00 via ft.com
  Union’s opposition to Kroger’s $25bn purchase of Albertsons sparks doubts in local affiliate
  
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• Kurt Geiger: Ex-Missguided owner mulls acquisition of footwear chain

  29-09-2024 11:44 via retailgazette.co.uk
  
  Ex-Missguided owner Alteri Investors is among parties in talks to snap up luxury footwear brand Kurt Geiger.
  Discussions are thought to be at an early stage and were not being carried out on an exclusive basis, Sky News reported.
  Various other parties are also exploring bids for the footwear retailer, which has been owned by private equity company Cinven since 2015.
  Cinven has hired Bank of America to supervise an auction of the chain, with sources citing an asking price of around £400m.
  B
  
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• Asda ‘back to square one’ in search for new CEO

  29-09-2024 11:37 via retailgazette.co.uk
  
  Asda is “back to square one” in its search for a new CEO, as headhunters struggle to encourage retail bosses to take over the position.
  Since tasking search firm Spencer Stuart to lead its search for a new boss, insiders have said the supermarket has approached “a whole conveyor belt of people who have turned it down,” The Telegraph reported.
  The update comes after Asda recently confirmed Lord Rose would take charge of the grocery giant, after Mohsin Issa stepped back fro
  
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• Boohoo bosses consider break-up of retailer

  29-09-2024 11:19 via retailgazette.co.uk
  
  Boohoo bosses are considering splitting up the company following shareholder pressure to turnaround its fortunes.
  The Times reported that various shareholders have urged the board to spin off some of its top performing brands as it seeks to boost its share price, which has dropped more than 85% over the last five years.
  Insiders believe there is potential value in offloading or spinning off Karen Millen and Debenhams and selling young, fast fashion retailers such as PrettyLittleThing, Boohoo and
  
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• Cath Kidston to return to high street following administration

  29-09-2024 11:02 via retailgazette.co.uk
  
  Cath Kidston is set to return to the high street after collapsing into administration in 2020.
  The British homeware retailer, which was snapped up by Next under an £8.5m deal in 2023, is due to open its first new shop on 18 October at London’s Westfield White City, according to The Sun.
  Posting a teaser video on Instagram earlier this week, the retailer wrote: “Why yes. Yes, you guessed right.
  “We do indeed we have a new home opening soon. Can anyone tell where in London
  
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• Force companies to report their food waste, say leading UK retailers

  29-09-2024 10:00
  
  More than 30 businesses have written to the environment secretary calling for mandatory reporting of wasted foodFood companies should have to report how much they throw away as a first step towards reducing the vast amounts of edible food squandered in the UK, a group of prominent businesses have said.About a third of the food produced globally every year is binned, much of it before it reaches the consumer at a cost of almost £22bn annually to the UK economy. Continue reading...
  
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