Today, 13 June, The Guardian reports that a rescue package for Sir Phillip Green’s Arcadia empire has won the backing of creditors. It involves 50 stores closing and the loss of 1,000 jobs.
In The Times, supermarket chain Lidi will open 40 new stores across London over the next five years as part of a £500m roll out.
Greggs a tasty prospect that is still delivering (The Times)
Smiggle loses sparkle with warning by Australian parent (Financial Times)
Pendragon shares plunge as profits go into reverse (The Telegraph)
Boohoo bucks UK’s gloomy retail trend as sales rocket (The Guardian)
Woodford crisis spreads to second fund (The Times)
From Topshop to Dorothy Perkins: the shops being shut by Philip Green (The Guardian)
Restaurant closures ‘are not on menu’ at Pizza Express (The Times)
Majestic Wine shares rise as US hedge fund joins bidders for stores (The Guardian)
