Private equity firm Clayton, Dubilier & Rice (CD&R) is poised to start a bidding war for British supermarket chain Morrisons, the target of a £6.3 billion ($8.8 billion) offer from a group led by another U.S. firm.
Procter & Gamble Co reported fourth-quarter sales on Friday that beat analysts' estimates, but warned that rising commodity and freight costs would take a $1.9 billion bite out of its earnings this year.
CBRE Global Investors has named Adam Cummins manager of Angel Central, the Islington, London community-led retail and leisure destination. He joins the team at Lambert Smith Hampton, managing agents for the centre.
Just how tough UK retail’s pandemic mauling has been — especially for fashion — came into stark focus on July 30. More than one in seven stores are now vacant on UK high streets, retail parks and in shopping centres.
Consumers want more transparency from brands around eco practices with nearly a third of them thinking not enough is being done, while almost a quarter think there’s too much ‘greenwashing’ simply to improve sales.
True to its word, Creightons has been on the acquisition trail. The personal care, beauty, and fragrance products maker has bought the Emma Hardie business, including its signature skincare brand, for £6.26 million.