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Retail & Consumer industry

  • Friday, 11 October, 2024
    J Sainsbury PLC
    Sainsbury’s shares drop after Qatari group cuts stake

    QIA has been reducing its holding in the UK supermarket chain since 2021

    A Sainsbury's delivery truck with a vibrant advertisement featuring carrots is parked on a street. An employee wearing a high-visibility vest is handling a cart at the back of the truck
  • Friday, 11 October, 2024
    Due Diligence
    The epic Pfizer pfat pfinger Premium content

    Plus, the senior bankers at the centre of HSBC’s plans to cut costs and 7-Eleven’s latest tactic to fend of a $47bn hostile takeover

    A montage of Ian Read and Albert Bourla with the logo of Pfizer in the background
  • Friday, 11 October, 2024
    Gucci Group
    Gucci’s Stefano Cantino, the CEO with the hardest job in luxury

    Former Vuitton and Prada executive must execute a turnaround of the struggling Gucci brand

    Stefano Cantino arrives at a fashion show in Paris last month
  • Thursday, 10 October, 2024
    Ikea
    Ikea posts first drop in revenue since 2020 after cutting prices

    Flat-pack furniture retailer returns to policy of lowering furniture costs after pandemic-era increases

    Shoppers outside an Ikea store in Tokyo, Japan
  • Thursday, 10 October, 2024
    Unilever PLC
    Unilever sells Russian business for €520mn

    Local manufacturer Arnest had previously snapped up Russian assets of Heineken

    A large Unilever sign on the exterior of a building
  • Thursday, 10 October, 2024
    Seven & i Holdings Co Ltd
    7-Eleven owner plans split as it resists record $47bn buyout proposal

    Japanese retail conglomerate seeks to streamline its operations as it fends off bid from Alimentation Couche-Tard

    A pedestrian walks past the entrance of a 7-Eleven convenience store in Tokyo
  • Wednesday, 9 October, 2024
    Football
    Bernard Arnault partners with Red Bull to buy Paris FC in latest move into sport

    Alliance comes a week after LVMH clinched a 10-year deal with Formula One

    Julien Lopez of Paris FC is in action during the Ligue 2 match against Guingamp at Stade Charlety. He is kicking the ball while a Guingamp player in a white jersey attempts to block him on the field.
  • Wednesday, 9 October, 2024
    Chris Giles
    Lessons in law and economics from the Next pay gap case

    Companies need to be careful, but the judgment ultimately preserves market forces

    A Next clothing store within a shopping mall
  • Wednesday, 9 October, 2024
    LexSeven & i Holdings Co Ltd
    Couche-Tard’s pursuit will force 7-Eleven to mount a tougher defence Premium content

    Japan’s designation of Seven & i as a ‘core business’ means a deal will not be easy, but investors should benefit regardless

    A customer shopping in a 7-Eleven convenience store in Tokyo
  • Wednesday, 9 October, 2024
    Seven & i Holdings Co Ltd
    Seven & i shares jump after Couche-Tard says it is ready to pay $47bn

    Canadian company’s non-binding offer to owner of 7-Eleven chain is 20% higher than initial rejected approach

    A sign for a 7-Eleven convenience store against a blue sky in Tokyo
  • Wednesday, 9 October, 2024
    Hays Travel Ltd
    Hays Travel hunts for deals to expand presence on UK high street

    Chair says travel agency chain ‘flourishing’ despite critical voices when it bought failed rival Thomas Cook in 2019

    Irene Hays, Hays Travel chair and owner
  • Tuesday, 8 October, 2024
    IPOs
    Europastry’s ‘frozen croissant’ IPO delayed a second time

    Gallés family withdraws flotation after bankers say prospective €1.5bn valuation was thought to be too high by some investors

    The cereal research centre at Europastry’s laboratory in Sant Joan Despi, Spain
  • Tuesday, 8 October, 2024
    Style
    A conscious way to shop for beauty

    Good On You is among a wave of platforms hoping to bring greater transparency to customers. It’s easier said than done

  • Tuesday, 8 October, 2024
    Gucci Group
    Kering appoints former Louis Vuitton executive as Gucci chief

    Stefano Cantino tasked with boosting luxury brand amid faltering performance

    Stefano Cantino
  • Tuesday, 8 October, 2024
    LexPrivate equity
    Private equity’s latest source of leveraged buyout funding is US farmers Premium content

    Farm credit funding parent corporation has more than $400bn of debt securities outstanding that supports its lending

    Photo of grapes in a vineyard
  • Tuesday, 8 October, 2024
    Shein
    Shein’s UK arm surpasses £1.5bn revenue mark

    Fast-fashion retailer says pop-up shops and strong consumer demand have boosted its appeal as it targets listing

    Danica Taylor attends the Shein opening party activation at Creamfields North on August 25, 202
  • Tuesday, 8 October, 2024
    EU-China relations
    China targets EU brandy imports with anti-dumping penalties

    Trade retaliation comes after bloc voted to approve steep tariff increases on Chinese electric cars

    Frederic Barbot, a producer of Cognac, smells a barrel of ageing cognac at Domaine Marcadier-Barbot in Segonzac, south-western France
  • Tuesday, 8 October, 2024
    London City Airport Ltd
    London City Airport turns to leisure market as homeworking hits business travel

    Chief executive says corporate travel has not returned to pre-pandemic levels, with day trips to Europe badly hit

    Alison FitzGerald, chief executive of London City Airport, stands outdoors at the airport with a backdrop of British Airways aircraft tails She is wearing a black coat and glasses.
  • Tuesday, 8 October, 2024
    LexLuxury goods
    How luxury priced itself out of the market Premium content

    There are signs that the sector’s post-pandemic price rises have dented its appeal

    An orange Hermès handbag is prominently displayed in a boutique window against a backdrop featuring a stylised model of a Parisian building. A pair of blue sandals is also on display
  • Monday, 7 October, 2024
    McDonald's Corp
    McDonald’s accuses meatpackers of price-fixing in lawsuit over beef costs

    Case pits the world’s largest burger chain against Cargill, JBS, National Beef and Tyson Foods

    A McDonald’s restaurant in SoHo in New York City
  • Monday, 7 October, 2024
    UK retail sales
    Spending on clothes boosts UK retail sales in September

    Positive data raises hopes for a busy Christmas shopping season

    Shoppers, laden with bags, board a cab in Oxford Street, London
  • Monday, 7 October, 2024
    Selfridges Group Ltd.
    Thai Central Group brings Saudi fund PIF into Selfridges

    Deal for stake in department store and property business across three countries follows collapse of Signa

    The exterior of Selfridges department store in London, with its grand columns and holiday decorations.
  • Monday, 7 October, 2024
    Manchester City Football Club PLC
    Man City secures partial win in fight over Premier League sponsorship rules

    Tribunal rejected several of club’s claims but deemed current rules to be ‘unlawful’ under UK competition law

    Jack Grealish of Manchester City during the Premier League match between Manchester City and Arsenal at the Etihad Stadium in Manchester on September 22
  • Monday, 7 October, 2024
    Travel & leisure industry
    UK arm of TGI Fridays saved from collapse in private equity buyout

    Purchase by Breal Capital and Calveton will keep at least 51 of brand’s 87 British outlets open

    TGI Fridays in Leicester Square in London
  • Monday, 7 October, 2024
    Chinese business & finance
    Casinos are winning big on Chinese stimulus

    Whale-spotting in Macau

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