Britain's biggest sportswear retailer JD Sports Fashion is likely to build a distribution centre within the European Union and create around 1,000 jobs there to avoid paying post-Brexit tariffs, its chairman said.
The Texas-based professional beauty supply company has reported net earnings of $57.2 million for the first quarter, reflecting a 7.5% year-over-year increase, in spite of sales that came in under Wall Street estimates.
An Indian court on Monday overturned an order that had stalled Future Group’s $3.4 billion deal to sell its retail assets, sources said, in a setback for Future’s partner Amazon.com Inc, which has challenged the sale.
Frasers Group took advantage of a rising share price last week to sell its entire stake in struggling French Connection. The company had a stake adding up to a 24.93% holding in the firm prior to the sale.
Boohoo has concluded a deal to buy the remaining Arcadia brands that hadn’t been take over by ASOS and City Chic. It’s paying £25.2m to acquire the three “British heritage brands” out of administration.
Kurt geiger has filed its accounts for the year to February 2020 and reported a record performance, with sales up 3.7%. It said this was pleasing in light of the wider subdued retail trading environment pre-pandemic.