Next posts fall in sales
Next, the clothing retailer, reported yesterday that combined sales of Next Retail and Next Directory were down 3.9 percent in the first quarter of 2008.
Baugur reviewing Moss Bros bid
Icelandic investment group Baugur is currently reviewing results from due diligence carried out on Moss Bros ahead of its 42 pence a share offer, the menswear retailer reported yesterday.
Baugur sells MKOne chain to restructuring specialist
MK One, the Baugur-owned fashion chain has been sold to Hilco UK, the retail restructuring specialist in a deal which suppliers fear will lead to a break-up of the loss-making business.
Unilever to spin off British brands into separate company
Unilever Plc is to spin off some of its major brands such as Marmite and Pot Noodle into a separate company.
Whitbread sets out Premier Inn expansion plans as profit tops forecasts
Pubs and leisure group Whitbread Plc reported a 26.3 percent rise in full year earnings and said it plans to increase the size of its Premier Inn budget hotel chain by 50 percent in the next five years.
Pets at Home puts sale on hold
Private equity firm Bridgepoint has scrapped the planned £600 million sale of Pets at Home Ltd, the pet shop chain, despite strong 2007 figures.