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Otto Group unveils leadership succession plan
Otto Group has announced a succession plan that will see Benjamin Otto succeeding his father Prof. Dr. Michael Otto as head of the group, but not until 2026, with other key changes happening from next year.
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Perfume retailer Douglas seeks up to 30 euros per share in Frankfurt IPO
German perfume retailer Douglas said Monday it would sell shares at 26 to 30 euros ($32.8) in of one Europe's first major initial public offerings this year.
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Clothing high on the list of impulse buys in tough economy - survey
The cost-of-living crisis has affected UK consumer buying behaviour, especially when it comes to impulse buys. And those impulse buys include purchasing clothes, which is second only to food.
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Shaftesbury Capital acquires further prime Covent Garden retail space
Shaftesbury Capital is about to add to its already substantial London footprint. The central London-centric property giant has completed the freehold acquisition of 25-31 James Street in Covent Garden for £75.1 million.
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TK Maxx signs up for flagship in GPE's Mount Royal, London space
The revitalisation of London’s Oxford Street continues. Off-price fashion and homewares giant TK Maxx is to open flagship store on the Mount Royal block at the Marble Arch end of the major shopping location.
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Landlord British Land announces new Chair
British Land has lined up a new and highly experienced board lead, appointing William Rucker as Chair Designate. He’ll join the UK retail landlord following its AGM on 9 July, also becoming a non-executive director.
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Better news on footfall comes with Mother's Day, despite rain
UK footfall has been pretty unimpressive in recent weeks but in the latest seven-day period, it was up a pleasing 6.6% from the week before, helped by Mother’s day and the run-up to Easter, despite ongoing wet weather.
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New John Lewis strategy will "laser-focus" on retail says CEO, profits return expected
John Lewis Partnership is predicted to announce a return to profit later this week, while it has also emerged that its CEO has said the firm will in future be “laser-focused” on retail.
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HMV rescuer mulls Body Shop bid, beauty chain shuts American ops
One of the UK high street’s most prominent rescuers is reportedly mulling a bid for The Body Shop, while the company has shut its US stores and is liquidating some Canadian outlets.
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Luxury e-tail crisis: Is it game over for sector's biggest names?
Matches, Farfetch, Net-A-Porter -- luxury fashion e-tail's dynamic driving forces are facing a crisis nobody expected just a few years ago. So what caused it and is there still a chance they could bounce back?
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Westfield UK chief slams Budget disappointment, supports Labour strategy
The UK boss of malls giant Westfield has savaged chancellor Jeremy Hunt’s recent budget and said that the opposition Labour party has more credible ideas than the current government.
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Matches to go into administration following purchase by Frasers
In 2017, it was sold by its founder for a price rumoured to be £800m. A few months ago Frasers bought it for £52m. And now luxury e-tailer Matches is set for an administration filing that could come as early as Friday.
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M&S confirms Bickerstaffe planned retirement from Co-CEO job
M&S has confirmed yesterday’s reports that Katie Bickerstaffe — its Co-CEO — is to exit the retailer this year with the firm’s announcement stressing the planned, amicable nature of her departure.
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M&S joint CEO Bickerstaffe to exit for B&Q role - report
Many analysts were sceptical when M&S announced two years ago that joint CEOs would replace Steve Rowe when he left. They predicted it wouldn’t last and if a new report Wednesday is to be believed, it hasn’t.
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John Lewis launches search for female-led brands in Women's Day push
Ahead of International Women’s Day (8 March), retail giant John Lewis Partnership is inviting female makers, designers, producers and emerging women-led brands to join its ‘John Lewis & Sisters’ campaign.
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Spring budget gives some cash away but no move on tourist tax, business rates
The spring budget has aimed to give away what it could in a general election year, with measures to put more money in consumers’ pockets. But overall it was underwhelming and VAT-free shopping is still off the agenda.
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