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U.K. retail

This is How Mike Ashley Saved 1,500 Jobs at Studio Retail

Mike Ashley's Frasers Group acquired Studio Retail Group out of bankruptcy.

Executive Tête-à-Tête Behind $5.8M JD Sports Fine

Elsewhere in British retail, an online apparel and homewares retailer backed from Mike Ashley's Frasers Group…

Tesco Exiting Myanmar Amid ‘Deep Violation’ of Labor Rights

Tesco, one of Britain's largest supermarket chains, is in the process of exiting Myanmar "responsibly," it…

British Retail Benefits From Covid Restriction Rollback

British retail and e-tail are banking on a comeback.

Boohoo Inaugurates Leicester Factory as Asos Tackles Modern Slavery

Boohoo's 23,000-square-foot factory will also serve as a site for training and guidance for suppliers.

Job Cuts Ahead at Primark Stores

Sales haven't recovered to where they were pre-Covid, but the UK's "Plan B" rollback could revive footfall at…

Burberry’s Markdown Maneuvering Seems to Be Paying Off

A new CEO will take over in April.

UK Watchdog Going After Greenwashers

Britain's Competition and Markets Authority has begun a review of environmental claims in the apparel and…

UK Retailers Forge Ahead Amid Supply Chain Distruptions

In addition to providing updates on holiday results, M&S, Asos and JD Sports also discussed full-year…

Will 2021’s Dramatic Store-Closing Slowdown Last?

Retailers closed 63 percent fewer stores in 2021 than it did a pandemic-hit 2020.

What’s Next? Higher Prices, According to This 700-Store Retailer

A major retailer blamed stubbornly high freight costs as a factor in its decision to raise product prices in…

Trinity Group Liquidation Puts Gieves & Hawkes Future in Doubt

A Bermuda court appointed liquidators for Trinity Group, leaving Kent & Curwen, Cerruti and Gieves & Hawkes…

Weston Family Inks Deal to Sell Selfridges Group

After weeks of speculation, Selfridges had confirmed its sale to Central Group and Signa Holdings.

Central Group Resurfaces as Selfridges Suitor

Thai-based Central Group and Austria's Signa Group are said to be working on a joint venture deal for UK's…

Missguided Secures Financial Lifeline from Alteri Investors

The terms of the cash and debt deal gives Altieri a 50 percent stake in the British fast-fashion e-tailer.