Studio Retail is no longer for sale. The company has received plenty of interest in the business, but said its recent strong trading suggests that it can create greater value for shareholders as a pureplay retailer.
Value retailer Studio Retail said its new CEO is in place. Paul Kendrick has been appointed to the top post as of now, replacing Phil Maudsley who retired and stepped down as a director of the company at the same time.
Sports Direct’s attempt to take over budget fashion and general merchandise retailer Findel appeared to be dead on Thursday with the takeover target saying the offer had failed to secure sufficient acceptances.
Findel Group’s Studio.co.uk said on Wednesday it will sponsor the fashion segment on ITV’s This is Morning show and double its TV ad spend as it embarks on a mission to become the nation’s leading digital value retailer.