Page 48 - Simon Wolfson News Today

Arcadia, which employed 13,000 staff in 500 outlets when it collapsed, up for auction

Analysts note short sellers have given up betting against ‘clearly the best retailer out there’

The cost of importing containers filled with consumer goods from Asia into the UK has reached a record high after a surge in demand in the weeks before Christmas and the UK’s exit from the EU. Shipping experts believe the UK has been dealt a double blow by the impact of the coronavirus, which has ...

For a few weeks last spring, Covid brought Next’s usually slick operation to a standstill. The pandemic, though, has awakened the animal spirits of chief executive Lord (Simon) Wolfson.After showing

This article is more than 2 months old The reputational gamble of hanging on to Treasury support is not worth taking if permanent reform is the goal Sainsbury’s has relinquished relief worth £410m this financial year. Photograph: Ben Stansall/AFP/Getty Images Sainsbury’s has relinquished relief worth £410m this financial year. Photograph: Ben Stansall/AFP/Getty Images Thu 7 Jan 2021 14.39 EST Last modified on Thu 7 Jan 2021 23.37 EST Sainsbury’s Christmas trading update was a demonstrat...

Simon Wolfson, Nexts chief exec, warned that the gains were likely to be reversed in the coming months. He expects roughly half of sales lost from the latest closures to go online this time around.

The London Stock Exchange, along with much of the rest of the financial services industry, is being left to plough its own furrow in Britains trading relationship with the EU.

By Kristy Dorsey

Ten writers’ share tips that could take off in 2021 Our tips span defence, aviation, gaming and wine, with fashion, pharma, food and house building thrown in for good measure 31 December 2020 • 9:30pm Labelling 2020 a rollercoaster year for the markets doesn’t do justice to fairground rides. Markets plunged in the spring as coronavirus hit, and although much of the wider losses have been recovered, when it comes to individual equities as always there have been some notable laggards and a ...

Bosses at Next will spend the weekend thrashing out a deal to rescue Sir Philip Greens Arcadia empire. Next is in talks with US asset management giant Davidson Kempner Capital Management about joining forces and financing a bid for the home of Topshop, Topman, Burton and Miss Selfridge. Arcadia dramatically collapsed into administration last month and up to 13,000 jobs are at risk. Fashion swoop: Next is in talks with US asset management giant Davidson Kempner Capital Management about joining f...