Thursday, April 22, 2021
Hotel Chocolat has launched a £20m fundraising round providing additional funds to offset the effects of the possible closure of its store estate as the coronavirus pandemic continues.

Coronavirus: Hotel Chocolat launches £20m fundraising round

Coronavirus: Hotel Chocolat launches 20m fundraising round to offset possible store closures
The Italian luxury fashion house Prada Group warns coronavirus outbreak has “interrupted” its strong growth much like many other luxury brands. Net revenues for the group, including both Prada and Miu Miu, rose by 2.7 per cent to £2.9bn for full year 2019.

Coronavirus interrupts Prada’s strong growth

// Covid-19 halts Prada Group's progress in 2020 // Net Sales rose by 2.7% to £2.9bn for full year 2019 Italian luxury fashion house Prada Group...
covid-19 HM Treasury Bank of England

Coronavirus: New financing facility to support retail cash flow

HM Treasury and the Bank of England have confirmed they will launch the Covid Corporate Financing Facility (CCFF)
GameStop, a struggling US video game retailer which announced plans to shut 450 stores last year, has become the unlikely centre of a huge shake up in the US stock market.

GameStop ignores retail lockdown orders claiming it is classed as “essential”

GamesStop has ignored country-wide orders to close down all non-essential retail stores arguing that its products are "essential"
ScS covid-19 consumer confidence trading update

Coronavirus: ScS mulls store closures

ScS has seen an increase in its half-year profit and gross sales, despite consumer confidence being at its lowest
M&S freezes all pay rises amid profit warning from coronavirus

M&S freezes all pay rises and suspends non-essential spending

Marks & Spencer has frozen all pay rises and suspended all non-essential spending as it issues a profit warning.
stockpiling panic buying rationing competition law

Coronavirus: Government will waive competition laws to keep nation fed

UK grocers have been given the green light to work together to keep shelves stocked, shops open and delivery vans running
Frasers Group covid-19 profit warning Mike Ashley

Coronavirus: Frasers Group the latest to seek rent holiday amid profit warning

Frasers Group has warned that its business could face “significant disruption” due to the coronavirus outbreak.
Marks & Spencer m&s covid-19 stockpiling rationing

M&S extends rationing in stores amid coronavirus outbreak

Marks & Spencer has extended its temporary purchase restrictions of two items per person across its grocery division
Ikea joins list of retailers shuttering stores due to coronavirus

Ikea joins list of retailers shuttering stores due to coronavirus

Ikea has joined a fast-growing list of retailers that announced a temporary closure of its UK and Ireland stores.

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