
British discount retailer Poundworld is close to a rescue deal with former Austin Reed owner Alteri Investors, Sky News reported on Saturday, with the deal likely to be announced next week.
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British discount retailer Poundworld is close to a rescue deal with former Austin Reed owner Alteri Investors, Sky News reported on Saturday, with the deal likely to be announced next week.
Landlords and property owners are coming together to fight the retailer abuse of the increasingly controversial company voluntary arrangements (CVAs).
Next has plans to capitalise on the recent flurry of rivals receiving rent cuts by adding a special clause to its rental policy.
House of Fraser’s attempts to stay afloat may involve the closure of half its UK stores, as it continues to struggle to revive sales and contain its debt pile.
The discount department store will move into a 53,900-square-foot unit previously occupied by BHS in October.
CVAs are ‘the new black’ in the UK this year but it seems that while House of Fraser is-on trend in this respect, it might struggle to get its CVA through as landlords prove uniquely resistant to its plans.
The company is searching for a new creative director, after Rafael Pastor announced his intention to leave the role at the end of this week. It follows a reorganisation earlier this year.
New Look has been slammed after it was spotted selling a pair of trousers from its plus-size Curve range for 15% more than an apparently identical item from the main collection.
Struggling Mothercare is expected to announce this week that its solution to its funding problems will be to try to raise more cash from existing shareholders.
UK retailers are at their lowest ebb for half a decade but they haven’t yet reached rock bottom and could have further to fall, the latest KPMG/Ipsos Retail Think Tank report claims.