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Dean Hoyle, founder and owner of budget greeting card retail chain, Card Factory, has received a number of bids for the business from private equity groups, which could reap him and the other founders in the region of £400 million.
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As high street booksellers valiantly try to hold their own against the mighty machine of Amazon, independent retailers everywhere are struggling to stay in position on the high street as supermarkets make further inroads into their territory. Read more...
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The third instalment of auction house Bertoia’s sale of the renowned Donald Kaufman Collection of vintage toys is due to take place across April 16 and 17 2010 at Bertoia’s gallery in Vineland, NJ in America. Part II of the series took place last September, fetching $7.2 million dollars from serious collectors of American, European and Japanese toys Read more...
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An article in today’s issue of The Independent newspaper reports that sofa retail giant, DFS, is on the verge of being sold for more than £500 million within a fortnight. First in line to acquire the group from founder and owner Lord Kirkham are private equity firms Cinven, Permira and Advent International. Read more...
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The Lego Group had a 63 per cent rise in its net profit - $404 million - in 2009, thanks to an upsurge in business in almost all its markets. The result has helped Lego increase its global market share to 4.8 per cent. Read more...
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The mistress of floral-themed shabby chic lifestyle products, Cath Kidston, is thought to be considering a sale of her retail business to American buyout company, TA Associates, reaping her in the region of £100 million. Read more...
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The co-founder of Poundland, Dave Dodd, who left the business in 2006, is planning to develop a 200-store mid market variety chain called Hub. The aim is to have three or four 10,000 – 15,000 sq ft shops open by Christmas and 30 operational outlets by 2012. The first store in the chain is scheduled to open within the next three months. Read more...
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The British Retail Consortium (BRC) believes the key Budget challenge for the Government is to outline a credible plan for addressing the fiscal deficit without precipitating a ‘double dip' recession.
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February saw a welcome upswing in visitors to American multiple retail outlets and department stores, despite the severe winter weather that adversely affected sales in some particular regions. Read more...
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America’s tenth Toy of the Year award winners have been announced, with Cepia’s ubiquitous hit product, Zhu Zhu Pets (named Go Go Pets in the UK) being named Toy of the Year. The awards programme included 12 categories and over 80 finalists Read more...
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By the time Mother’s Day comes around on March 14, breast cancer research projects across the UK and Ireland will have benefited from a landmark £1 million of funding from Hallmark Cards. Read more...
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The Oracle Retail Week Awards took place last night (Thursday February 4) at the Grosvenor House Hotel in London. The event brought together over 1,500 industry leaders to celebrate and recognise the achievements and importance of the key individuals involved in retail today. Read more...
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As this especially chilly winter drags on and on, it’s heartening to see the first signs of spring showing through in the way of one or two warmer days and the first few flowers. Out on the high street the picture has also brightened somewhat, as overall February sales volumes defied expectations by beating a slow January hands down. Read more...
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Book and stationery retailer WHSmith is thought to be looking at purchasing some of the assets of Irish book chain Hughes & Hughes, which went into receivership on Friday February 26. Hughes & Hughes’ outlets in Dublin and Cork airports are likely to be of particular interest to WHSmith, which has already tendered for the rights to have stores in Dublin airport. Read more...
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The UK high street outperformed its expectations of a flat first half to February by posting the strongest growth in sales volumes in over two years. Further growth is predicted in March according to the CBI’s latest Distributive Trades Survey. Read more...
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