Next raises sales guidance after Q1 beats expectations Wednesday, 30th April 2014
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.
Another surprise move from Mike Ashley as retail tycoon sells off Sports Direct shares worth £200m Tuesday, 8th April 2014
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.
Pets at Home flotation could bring £200m windfall for KKR Tuesday, 4th March 2014
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.
L’Oreal will buy 8% of its shares from Nestle although “sale is not first step towards exit” Tuesday, 11th February 2014
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.
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.
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