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‘Business Angel’ to save Comet? Tuesday, 27th November 2012
New reports that entrepreneur Clive Coombes is in talks with Comet administrator Deloitte have raised hopes that there may be a future for the electrical retailer yet. According to The Sun, self-styled “business angel” Coombes is said to be in discussions with Deloitte to purchase up to 180 stores from the collapsed Comet chain.
Irish retailers sign up to outlaw provocative clothes for children Thursday, 28th June 2012
Following the ban made by UK retailers last year, ten of Ireland’s most prominent high street stores have signed up to enforce a strict code to promote practical, age-appropriate clothes for children. Children's Minister Frances Fitzgerald said parents need to be empowered to prevent the sexualisation of children.
TJX Europe president exits company Wednesday, 4th January 2012
TK Maxx parent TJX Europe has announced its senior executive vice president Paul Sweetenham will leave the company. Having led the group since 2007, Sweetenham will be replaced by Michael McMillan, who currently heads The Marmaxx Group, TJX Companies’ largest division, made up of T.J. Maxx and Marshalls in the US.
TK Maxx determined to set up shop after landlords rule retailer ‘not posh enough’ Monday, 7th March 2011
Landlords will be forced to welcome the ‘off-price’ retailer to their new premises in Piccadilly Circus just two years after ruling the area was too up market for the chain. The former Burberry HQ on Haymarket is TK Maxx’s latest conquest, after being denied a letting by The Crown Estate two years ago. The new shop is set just yards away from the original site, and luckily for TK Maxx the Estate has no say over the letting of the Haymarket store. Although profits of parent company TJX Europe fell by 52% last year, London remains a growth target for TK Maxx who are confident the new store will be a favourite among London tourists and day trippers.