Hugo Boss investor Permira to receive £110m cash back Tuesday, 22nd October 2013
Hugo Boss proved a shrewd investment once again on Monday, as it was revealed the German fashion house will pay majority owner Permira back £110.9 million in cash, the equivalent of 47 per cent of its original investment.
Best Buy founder Schulze to start selling off shares in October Tuesday, 27th August 2013
Richard Schulze, founder and former chairman of the world’s largest consumer electronics chain has announced he plans to start selling its stocks from 1 October, according to a regulatory filing on Monday. "The stock sales ... are part of his personal long-term strategy for asset diversification and liquidity," Schulze told Best Buy, according to the filing.
Pret owner said to be eyeing major Hotel Chocolat investment Friday, 21st June 2013
Reports emerge that Pret A Manger’s owner Bridgepoint Development Capital is considering a major investment in Hotel Chocolat, the luxury chocolate retailer currently valued at more than £100 million.
Aldi posts all-time record share of grocery market Tuesday, 21st May 2013
The latest figures from Kantar Worldpanel show an ongoing polarisation of the grocery market, as both Aldi and Waitrose continue to make gains on rivals. Value retailer Aldi posted an all-time record share of 3.5 per cent in the 12 weeks to 12 May 2013, up from 2.8 per cent of the market last year.
Swarovski acquires bead jewellery brand Chamilia Tuesday, 7th May 2013
Swarovksi US Holdings has acquired a 100 per cent stake in Minneapolis-based brand Chamilia as it looks to add new brands to stronghold. It’s thought Chamilia, which uses Swarovski crystals in its designs, will maintain its focus on the European marketplace, where Swarovski has been trading since 1895.
Permira sells Hugo Boss stake Friday, 3rd May 2013
London-based private equity firm Permira on Friday sold a 10 per cent stake in Hugo Boss, six years after first investing in the German fashion house. Friday’s placement of seven million shares is expected to bring in around EUR 633.5 million for Permira, after Hugo Boss on Thursday revealed a bigger-than-expected drop in first-quarter sales.
Sports Direct falls 7.4% after Mike Ashley sells shares Tuesday, 26th February 2013
Shares in Sports Direct fell 7.4 per cent after its founder and majority shareholder Mike Ashley sold part of his holding in the business. According to Reuters, Ashley sold 25 million shares on Monday at 400p each, reducing his stake from 68.6 per cent to around 64 per cent. The move comes after Ashley, who also owns Newcastle United, was linked to talks with House of Fraser over the possibility of acquiring a stake in the department store chain.
Lego reports high levels of success in 2012 Friday, 22nd February 2013
Dutch toymaker Lego has reported that its share of the global toy market rose to 8.6% in 2012, an increase of 1.5% compared to 2011. Lego's success during the year proves that the iconic toy manufacturer can still compete with the creators of more high-tech toys and computer games. The company’s revenues for the year amounted to 23.4 billion krone, an increase of 35 percent compared to the previous year, while their net profit rose by 25% to a total of 5.6 billion krone (around £650.6 million).
Tesco maintains market share while Morrisons lags behind Tuesday, 29th January 2013
Tension between the UK’s four biggest supermarkets shows little sign of letting up as industry figures suggest Tesco is back on fighting form. The latest grocery share figures from Kantar Worldpanel found Tesco maintained its market share of 30.4 per cent in the 12 weeks to 20 January.
Sainsbury meets forecasts for Christmas, despite a slowdown in growth Wednesday, 9th January 2013
Sainsbury’s on Wednesday revealed it had met analysts’ forecasts for the Christmas trading period, with sales at stores open over a year up 0.9 per cent. Total third quarter sales rose 3.3 per cent excluding fuel in the 14 weeks to 5 January, Sainsbury’s third financial quarter, which was the retailer’s 32nd consecutive quarter of underlying sales growth.
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