German sports retailer Adidas on Tuesday said it received approval for a syndicated 3 billion-euro government-backed loan to mitigate the financial impact on its business from the spread of the coronavirus.
Britain’s Intu said on Wednesday its lenders would extend a revolving credit facility to 2024 if the debt-laden shopping centre operator can successfully raise at least 1.3 billion pounds through a cash call.
Britain’s Hut Group has grown remarkably fast over the past decade, and it hopes the launch of two new debt facilities will give it the further boost it needs to become the global leader in online beauty.
Retail health deteriorated more than expected in the second quarter of 2019, marking the thirteenth consecutive quarter in which the indicator has either declined or remained flat, announced Retail Think Tank this week.
Bidding for Jack Wills is getting under way with reports saying six interested parties are in the race. They’re said to include the UK’s two most acquisitive retail tycoons, Mike Ashley and Philip Day.