Retail news

• Frasers Group set to name ex-audit watchdog as new chair

  17-11-2024 12:23 via retailgazette.co.uk
  
  Former Financial Reporting Council (FRC) boss Sir Jon Thompson is expected to take over as chairman of Frasers Group.
  Thompson, who joined the Frasers Group board in June as a non-executive director, is set to take over from David Daly at some point in 2025, Sky News reported.
  While city insiders said on Friday that Thompson’s new role had yet to be finalised by Frasers’ board, they believed it was almost certain to take place.
  Thompson is also chair of the HS2 high-speed rail link p
  
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• Landsec sets aside millions to snap up prime shopping centres

  17-11-2024 12:19 via retailgazette.co.uk
  
  Property developer Land Securities has set aside hundreds of millions to acquire more shopping centres over the coming months.
  While the majority of landlords have avoided buying large malls in recent years, Landsec is confident the biggest and best “destination” malls will remain relevant in the future, The Times reported. 
  It has designated the best part of £600m to spend on snapping up more assets, some of which it spent increasing its share in Bluewater shopping centre
  
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• Boohoo blasted for bringing back supplier axed after modern slavery scandal

  17-11-2024 12:14 via retailgazette.co.uk
  
  Boohoo is facing criticism for bringing back a supplier it previously axed after its modern slavery scandal.
  The fast fashion giant is purchasing clothes from GN Euro once again, the Telegraph reported, after being “disengaged” back in 2021.
  The Leicester-based clothes manufacturer previously sold Boohoo goods from its UK factory, but has set up a new site in Morocco with a different name since being cut off, where it is again carrying out business with the ecommerce chain.
  Boohoo sa
  
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