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Finance

Arcadia Topshop

Arcadia looks to raise £50m to see it through crisis

Sir Philip Green's Arcadia group is looking to raise £50m to help see the fashion empire through the COVID-19 crisis. According to Sky News, the...
Westfield Stratford 2020

Westfield executives and senior management team take 25% pay cut

Senior Executives at shopping centre owner Unibail-Rodamco-Westfield will donate 25% of their pay to help support the fight against COVID-19. As a sign...
ASOS

ASOS raises £247m in share placing

ASOS has raised £247m from a share placing announced yesterday with the shares mostly snapped up by existing investors. Shares were placed at 1,560p each,...
ASOS

ASOS posts sales up 21% and confirms share placing

ASOS said it achieved total group revenues up 21% to almost £1.6bn in the six months to the end of February 2020 as it...
ASOS

ASOS considers cash raise but says it has sufficient liquidity to...

ASOS is considering a cash raise through the release of shares and an extension to its debt facility, but the company says it has...
Tiffany & Co

Tiffany & Co. announce $1 million contribution to COVID-19 relief efforts

Tiffany & Co. has become latest name in retail to donate to COVID-19 relief effects, announcing a $1 million commitment through The...
Primark

Primark announces further pay cuts for employees across the business

Primark has announced pay cuts to salaries for employees across the business, in a bid to prevent temporary redundancies as a result...
Debenhams

Debenhams set for “light touch” administration

Department store Debenhams is on the brink of administration for the second time in a year, the company has confirmed. With 142 stores closed and...
Topshop Arcadia

Arcadia reported to be planning permanent store closures

Sir Philip Green's Arcadia group has been widely reported to be plotting permanent store closures as it is hit hard by the COVID-19 crisis,...
John Lewis

John Lewis is the latest to offer staff a bonus during...

John Lewis has become the latest retailer to reward its staff working through the coronavirus pandemic. All frontline workers at the department store and Waitrose...
Empty High Street

Thousands of high street firms miss out on £55m funding due...

More than 3,650 small shops, pubs and restaurants are each set to lose out on £15,000 of Government grant funding due to an “anomaly”,...
Cath Kidston

Cath Kidston files notice of appointment of administrators

Cath Kidston has filed notice of its intention to appoint Alvarez & Marsal as administrators as the stresses of the coronavirus shut-downs start to...