Tag Archives: retail

Supermarket giant Asda has announced the return of Allan Leighton to its boardroom amid an effort to regain market share. The Leeds-based chain – the UK’s third biggest supermarket operator – revealed Mr Leighton will replace Lord Stuart Rose, who has been chair since 2021. Mr Leighton was chief executive …

(Bloomberg) — Asda has appointed former boss Allan Leighton as executive chair, as the struggling grocer looks to turn around its fortunes. Leighton will succeed Stuart Rose, Asda said in a statement on Saturday. Rose, who joined the company three years ago, will remain on the board to ensure an …

Quadient (Euronext: QDT), a global automation platform powering secure and sustainable business connections, has partnered with Co-op in the United Kingdom to deliver further parcel locker growth and added convenience to its communities, it has revealed today. The partnership to supply Parcel Pending by Quadient lockers to Co-op’s stores, aims …

(Bloomberg) — Ingredients company Tate & Lyle Plc surged after the Financial Times reported that buyout group Advent International is preparing a takeover bid. Shares in the London-listed supplier to food producers rose more than 12% on the report, giving the company a market capitalization of about £3.2 billion ($4.2 …

Historic Newcastle tea company Ringtons has acquired a huge industrial unit in its most significant investment in years. The tea merchants import and package tea for major supermarkets, alongside its own brand of coffees, teas and sweet treats, which are sold online, in stores and through its traditional doorstep delivery …

Shares in the Pendragon car dealership group dropped almost 7 per cent after one of three bidders interested in buying the business decided to pull out of the running. Nottingham-based Pendragon said Sweden’s Hedin Mobility Group and Leicester-based PAG International – which owns the prestige Sytner dealership brand – had …

Hundreds of stores of the retail giant Wilko will close in the coming weeks, after talks to rescue the bankrupt company failed. Administrators at PwC confirmed on Monday that nearly 300 Wilko stores and its distribution centers will cease operations in the coming weeks. The company collapsed owing £410.9 million …

The creditors of Hotter Shoes face a shortfall of more than £11m after its collapse into administration despite a rescue deal being completed. The Skelmersdale-headquartered company was the main subsidiary of AIM-listed Unbound Group and was the trading name of Beaconsfield Footwear. Over 400 jobs were saved when Hotter Shoes …

Glencore shares lower, “buy” note boosts Hargreaves Lansdown Robust production figures by Glencore did little for its shares today as investors continue to fret over China’s faltering economic recovery. The Swiss commodities giant said lower output of key assets in copper, zinc and coal was no worse than expected as …

Rita and Carl Hulme stand with King Charles merchandise at Blimeys British Store and Gift Shop in Essex, Ont., on April 16.Nicole OSBORNE/The Canadian Press When Queen Elizabeth died in September, Carl Hulme happened to be in England – the perfect spot to scoop up commemorative fine bone china, tea …