The latest news from retail boardrooms

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
Cath Kidston and CEO Kenny Wilson have retained a minority share

Cath Kidston sells stake to Asian private equity firm

Floral accessories retailer Cath Kidston has sold a “substantial” stake to an Asian private equity firm in a bid to further support the company’s eastern expansion.Baring Private Equity Asia, who bought the stake, are specialised in bringing weste...
09:35AM - Wed 23rd July 2014
La Senza UK previously hit the buffers in January 2012 when more than 80 outlets closed

La Senza goes into administration for second time

Lingerie retailer La Senza has fallen into administration for the second time in two years with hundreds of jobs at risk.Every effort has been made for two and a half years to transform and revitalise the La Senza UK business, but it has continued...
10:12AM - Wed 2nd July 2014
Destination Maternity would look to utilise some of Mothercare's "excess" retail space in the UK to establish stand-alone maternity apparel stores

Mothercare rejects second bid from Destination Maternity

Baby and mother retail Mothercare has rejected a second £266m bid from Destination Maternity in the latest example of a US company looking to establish itself in the UK.Destination Maternity, who delivered the bid on 1 June at 300p a share, said i...
09:48AM - Wed 2nd July 2014
CEO Marc Bolland at the 2013 M&S AGM

M&S appoints Laura Wade-Gery as retail director in board restructure

Marks and Spencer’s multi-channel director Laura Wade-Gery has been promoted to UK retail director as M&S embraces the omni-channel retail model.It is the first time in the businesses history that a female executive will run its retail business.Wa...
02:21PM - Tue 1st July 2014
Carphone has agreed to sell its 46 per cent stake in Virgin Mobile France

Carphone and Virgin sell entire stake in Virgin Mobile France

Retail heavyweights Sir Charles Dunstone and Richard Branson have agreed to sell Virgin Mobile France to Numericable in a £265m (€325m) deal.Carphone, Europe’s biggest independent mobile phone retailer, owns 46 per cent of Virgin Mobile France’s h...
04:52PM - Mon 30th June 2014
Tesco chief, Philip Clarke

Tesco AGM meeting: Clarke expected to be given more time

Tesco chief Philip Clarke could face drama at this morning’s AGM due to recent lack of progress made and executives quitting the supermarket.But it is widely expected he will be given more time by shareholders to improve the businesses fortunes.Cl...
10:16AM - Fri 27th June 2014
Sales and EBITDA fell at Matalan for the 53 weeks to March 1

Matalan funds growth with £492m refinancing

Matalan has refinanced £492m worth of debt in order to fund its growth ambitions.The company has successfully refinanced its existing debt by issuing two new bonds worth £342m and £150m which are due for repayment in 2019 and 2020.Stephen Hill, ch...
11:33AM - Mon 23rd June 2014

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