The latest news from retail boardrooms

Timothy Parker steps down as CEO of Samsonite

American multinational luggage manufacturer and retailer Samsonite’s CEO and Executive Director Timothy Parker is due to step down from his role; he is to be replaced by in-house candidate Ramesh Tainwala.Tim Parker’s CEO escapades began when he w...
10:19AM - Fri 29th August 2014

Small businesses turn away from banks for funding

Figures released today by the BDRC Continental SME Finance Monitor have shown that SMEs are continuing to shun banks in favour of alternative funding. In 2011, 51% of small businesses used external finance; however, the latest data (for the second...
09:23AM - Thu 28th August 2014

Co-operative aims to restore confidence with board restructure

The troubled Co-operative Group will cut its board by half as it announced widespread changes to its governance structure.Keen to move on from the worst year in its history in which the 150 year-old group posted huge losses of £2.5bn, the company ...
08:42AM - Mon 11th August 2014
Dixons Carphone's new logo

Dixons Carphone begins trading

Dixons and Carphone Warehouse have completed their long awaited merger as it opens the first of its seven ‘shops in shops.’Group chief executive of Dixons Carphone Sebastian James said it was “a big day” for the company as it launched as a listed ...
10:55AM - Thu 7th August 2014

Kellogg's could line up bid for United Biscuits

Kellogg’s could be taking the biscuit (quite literally) after reportedly appointing advisers to assess a £2bn offer for snacks firm United Biscuits.Kellogg’s was working with investment bankers from Barclays on a possible takeover of the British b...
10:14AM - Thu 7th August 2014
Image: Alliance Boots

Alliance Boots in £9bn merger with Walgreens

Pharmacy giant Alliance Boots has sold 55 per cent of its business to US pharmacy Walgreens in a £9bn deal.The deal, which does not qualify for a controversial tax inversion, is expected to be completed in the first quarter of 2015 and will see Wa...
09:11AM - Thu 7th August 2014
Image: PR Shots

Internacionale on the market

Struggling value fashion brand Internacionale have put their intellectual property up for sale after what can only be described as a disastrous year.The women’s wear retailer, who have 89 stores and pride themselves on high quality goods at cheap ...
10:21AM - Fri 1st August 2014
Mark Sebba, CEO, Net a Porter

Net-a-Porter's CEO steps down

Net-a-Porter chief executive, Mark Sebba, is stepping down after nearly 10 years in the role.Sebba joined the company in 2003, just three years after it had been founded by Natalie Massenet. Under his rule the company has been recognised for its h...
09:23AM - Tue 29th July 2014
A Mothercare and ELC store

Destination Maternity will not bid for Mothercare

US baby and mother retailer Destination Maternity will not make any more offers for Mothercare after a second bid was knocked back by the board.The firm has had two non-binding written proposals rejected by Mothercare and it is not willing to sign...
09:05AM - Mon 28th July 2014

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