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...Luxury online retailer Mytheresa is among potential bidders to buy lossmaking ecommerce business Yoox Net-a-Porter from Swiss luxury group Richemont....
...US apparel retailer Express has filed for chapter 11 bankruptcy, as the struggling mall brand tries to rightsize its business that has suffered from weak demand and tough competition from e-commerce retailers...
...But retailers — deluged by returns that have only increased since Covid precipitated an ecommerce boom — have kept quiet about the scheme....
...Elliott Management has abandoned its attempt to buy UK electronics retailer Currys after making an improved bid last week that valued the company at £756mn....
...Intersport controls a third of the market, according to the retailer....
...Kantar said the decline was aided by a significant increase in promotional spending by retailers, with items bought on offer making up 29.3 per cent of supermarket sales in April — the largest share outside...
...Industry data showed UK retailers had a disappointing December, with consumers holding back from big purchases....
...She attributed part of the trend to retailers continuing “to compete fiercely to bring prices down for their customers”....
...“Retailers are eternally dissatisfied people,” said Peter Ruis, the well-respected retail executive who recently returned to the John Lewis team to help revamp its department stores, this week....
...During the Covid-19 pandemic, the retailer faced significant financial stress and CVC injected additional equity to support a last-minute refinancing....
...French food retailer Carrefour has signalled to its customers that it will no longer sell PepsiCo products in the latest spat between food manufacturers and retailers over high food prices....
...The agreements also prevent the retailers from using “natural” imagery such as green leaves to make items look more environmentally friendly than they really are....
...CVC pumped in an additional €200mn in equity to prevent the retailer’s collapse....
...Elliott Management has abandoned an attempt to buy UK electronics retailer Currys, saying that “multiple” efforts to engage with the company’s board had been rebuffed....
...South Korean ecommerce group Coupang is to acquire Farfetch in a deal that will give the luxury online retailer access to $500mn of capital....
...Like-for-like sales from both retailers beat analyst expectations, with Tesco pointing to demand for its Finest range and M&S saying quality upgrades and new products had helped....
...Marks and Spencer co-chief executive Katie Bickerstaffe is stepping down after less than two years in the role, leaving Stuart Machin as the sole boss of the UK retailer....
...Private equity-owned German beauty retailer Douglas has announced plans to list in Frankfurt, raising hopes for a rebound in Europe’s moribund market for initial public offerings....
...Wish, an online retailer, listed its shares during the IPO frenzy of the pandemic. Not long after, in early 2021, its market cap peaked at $18bn....
...Alex Baldock, chief executive of electronics retailer Currys, called the decision “unfair”....
...French food retailer Carrefour has said it will no longer sell PepsiCo products because they have become too expensive, marking the latest spat between food manufacturers and retailers over high food prices...
...Meanwhile, discount retailer Kohl’s missed analysts’ estimates for comparable sales growth....
...The retailer said Dunkerton was looking at several options for the company, including making a cash offer for the shares he did not already own....
...Ocado has threatened legal action against Marks and Spencer as the two retailers clash over a final payment tied to their online joint venture....
...The retailer has repeatedly denied the accusations, and said it invests heavily in systems to detect copyright infringements in its supply chain....
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