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Takeover of David Jones by Woolworth Holdings

The shareholders of Australian department store David Jones have agreed to a $2.2 billion foreign takeover of the company.

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Next raises sales guidance after Q1 beats expectations

Next goes from strength to strength as the retailer on Wednesday announces sales in the first thirteen weeks of the year were up 10.8 per cent.

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Another surprise move from Mike Ashley as retail tycoon sells off Sports Direct shares worth £200m

Sports Direct founder Mike Ashley surprised the industry once more last night with an unexpected sale of shares worth more than £200 million of his sports business.

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Late surge in demand for Poundland shares

Fixed-price retailer Poundland could end up as much as 10 times oversubscribed by the time it closes its books on its forthcoming float tomorrow night.

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Pets at Home flotation could bring £200m windfall for KKR

Having revealed on Friday that Pets at Home will be listed with an implied market capitalisation of £1.3 billion, private equity owner KKR could now be in line for a £200 million pay-out, while the retailer’s management could also be up for cash and share payments worth more than £20 million.

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L’Oreal will buy 8% of its shares from Nestle although “sale is not first step towards exit”

Cosmetics giant L’Oreal will buy 8 per cent of its capital for EUR 6.5 billion from Nestle, although the consumer goods group is adamant the sale does not signal an exit.

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Fat Face preparing for market debut this year?

Fashion and activewear retailer Fat Face is thought to be gearing up to make its debut on the stock market this year after a particularly successful Christmas trading period.

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Sports Direct acquires 5% of Debenhams

Mike Ashley’s Sports Direct on Monday morning acquired a 4.6 per cent stake in Debenhams as it announced it wanted to explore options “at an operational level” to work with the department store group.

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Hugo Boss investor Permira to receive £110m cash back

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.

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Best Buy founder Schulze to start selling off shares in October
Photo credit: Best Buy

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.

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