Matalan on Monday confirmed that its new owners are a group of its senior lenders and gave details of its funding package. But it also revealed a challenging Q3 and December that have dented profit expectations.
Matalan founder John Hargreaves has failed to regain control of the retailer with its lenders winning the prize. But they're also said to be planning talks with unsuccessful bidders about a possible minority investment.
In a tough retail landscape, news of redundancies are expected grow following the key Christmas trading and clearance sale periods. Ted Baker has become the most high-profile brand to be looking at potential job cuts.
Parisian design and home decoration trade show Maison&Objet will showcase 2,300 exhibitors at its next session, opening on January 19 at the Paris Nord exhibition centre, with taking care of oneself as its theme.
The Florentine trade fair is branching out into new categories such as The Sign, dedicated to furniture accessories, and Pittipets, dedicated to brands for pets, with an ever-increasing emphasis on lifestyle.
Impressive trading numbers continue to spill out of Pepco Group, the fast-growing pan-European variety discount retailer, with group revenues for the first quarter ended 31 December 27% higher year-on-year.
The Sainsbury’s Q3 trading statement on Wednesday many have been mainly about the supermarket giant’s grocery operations, but it also revealed that clothing sales rose 5.1% in the core festive shopping season.