retail-trade
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Britain’s Frasers Launches Bid for Norway’s Xxl
Date: December 13, 2024
LONDON (Reuters) -British sportswear and fashion group Frasers on Friday launched a bid for Norwegian sporting goods retailer XXL ASA, saying it did not agree with the Oslo-listed company’s plan to issue more shares. Frasers, majority owned by Mike Ashley, said it was offering 10 Norwegian crowns ($0.9044) per share for the equity it does...
Britain’s Frasers in Bid to Takeover Norway’s Xxl Asa
Date: December 6, 2024
LONDON (Reuters) -British sportswear and fashion group Frasers on Friday launched a bid to takeover Norwegian sporting goods retailer XXL ASA, saying it did not agree with the Oslo-listed company’s plan to issue more shares. Frasers, majority owned by Mike Ashley, said it was offering 10 NOK ($0.9044) a share for the equity it does...
M&s Can Tear Down Flagship Marble Arch Store, Says UK Government
Date: December 6, 2024
By James Davey LONDON (Reuters) – British retailer Marks & Spencer can demolish and rebuild its flagship Marble Arch store in central London, the Ministry of Housing, Communities and Local Government said on Thursday, ending a three-year planning battle over the site. The fate of the Art Deco site, made up of three separate buildings,...
UK Firms Flag Over $1.4 Billion in Labour Costs From Increase in National Insurance, Wages
Date: December 5, 2024
(This Nov. 27 story has been corrected to say that Pets At Home and Halfords expect an increase in costs from a rise in both NIC and minimum wages, not just NIC) (Reuters) – British companies have flagged an increase of 1.1 billion pounds ($1.40 billion) in labour costs related to a rise in employers’...
German Christmas Markets Get Creative as Prices Hit New Highs
Date: December 5, 2024
By Maria Martinez BERLIN (Reuters) – For Eva Henschke, Germany’s Christmas markets are a chance to temporarily forget about the colder, darker days with a hot mug of mulled wine or eggnog and a bratwurst off the grill. But more so than in years past, she has had to keep a careful eye on costs...
‘Kicked in the Face’: Frasers Blames UK Budget for Profit Downgrade
Date: December 5, 2024
By James Davey LONDON (Reuters) -Major British retailer Frasers said it felt “kicked in the face” by the government’s tax hiking budget, blaming it for a drop in consumer confidence that forced a cut to annual profit guidance. Shares in Frasers, formerly called Sports Direct and majority owned by Mike Ashley, plunged 12% on Thursday...