Premium cycling brand Rapha has been snapped up by two grandsons of Walmart founder Sam Walton. RZC Investments, set up by Steuart and Tom Walton, today emerged victorious in the £200m race to buy the trendy cycling brand.
JD Sports is bolstering its fitness credentials by opening its first gym and store dual fascia in Salford this year. The sports fashion titan will open the retail division of the site this month, with the opening of the £2m fitness centre scheduled for September.
British ethical cosmetics retailer The Body Shop is the target of a £600m bid from a Chinese healthcare company, according to reports. Renhe Pharmacy Co has said it might want to participate in the auction of the retailer by L’Oreal, the French cosmetics group, according to Sky News.
Made.com has launched a new iOS app and said it will be closely monitoring the level of conversion between the app versus mobile web and desktop with expectations of increased traffic given the large number of its customers that shop from their smartphones.
UK-based furniture retailer DFS had a good half-year in the six months to January 28 with sales and profits rising. The chain, which sells its own brand, as well as owning Dwell and making sofas under the French Connection name, saw group revenue rising 6.8% to £379.9m. Pre-tax profit was up 3.1% and its 12-month gross sales passed the £1bn …
Ikea’s opening in Southeast London has moved a step closer with the Swedish furnishings giant having submitted its detailed plans to the local council in Greenwich. The company has been planning a megastore on the site of a former ultra-sustainable Sainsbury’s supermarket for some time but the site has been empty since June 2015.
TechStyle Fashion Group, owner of the Fabletics sportswear line that features celebrity actress Kate Hudson, is exploring a sale that could value it at more than $1.5 billion, including debt, people familiar with the matter said on Monday.
Analysts have expressed concerns over the potential damage Trump’s new trade laws could do to the American sportswear giant.
Sports Direct reported a 57 percent slump in first-half profit, capping a calamitous period in which it has come under fire for the treatment of workers and was left badly exposed by the fall in the value of the pound after the Brexit vote.
The IKEA Group said on Wednesday it had sold key subsidiaries for 5.2 billion euros ($5.58 billion) as part of an overhaul to help the furniture retailer react to new competition and shifts in consumer preferences away from its vast out-of-town stores.