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UK department store chain Marks & Spencer is about to announce further store closures along with reduced profits amid worsening high-street trading conditions. Last year, the company announced the closure of 30 stores, but The Guardian newspaper reports a…
A dire H1 performance from Bonmarche, on its first update with Helen Connolly at the helm, with sales falling by £3.9 million on the year, despite the opening of net six new stores and concessions. Like-for-like Bonmarche sales declined even further than its…
Only the very bravest of investor should consider retaining BHS in its current dilapidated state. But if such a buyer cannot be found, and a BHS breakup ensues, with the store estate sold to other retailers, Marks & Spencer and Debenhams would be the main…
Swedish furniture and homewares retailer Ikea is reportedly planning to take over the leases of an undisclosed number of BHS sites in the UK. Such a move would mark a strategic change of direction for Ikea, propelling it onto High St rather than its…
Arcadia Group founder and controlling shareholder Sir Philip Green has sold department store chain BHS to a little known investment house, Retail Acquisitions Ltd. The BBC has reported the asking price for BHS was as low as £1 and the business was sold debt…
A former executive of troubled British retailer BHS has emerged as a surprise potential buyer of the business from Sir Philip Green’s Arcadia Group. BHS is the only non-performing unit of Arcadia, its widening losses undermining the results from better known…
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