Monthly Archives: September 2012

Discount retailer B&M in line for sale

Simon, Bobby and Robin Arora bought B&M, a discount retailer, in 2005 when it was still a loss making business with less than 20 struggling stores. Seven years on, the company has £1bn of sales, 290 stores and 2m customers … Continue reading

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MidEast investors sink $406m into London project

MidEast investors sink $406m into London project An artist’s impression of the Kings Reach project in London. UK-based private equity real estate company CIT Group has secured £250m ($406m) from a consortium of Middle East investors to kickstart its 30-storey … Continue reading

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Nike Drops Amid Slowing Demand From

Nike Inc. (NKE), the world’s largest sporting-goods company, declined after reporting future orders that trailed analysts’ estimates as demand sank in China. Nike fell 1.1 percent to $94.91 at the close in New York. The Beaverton, Oregon-based company’s shares have … Continue reading

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Tesco sets out its stall for Saudi debut in 19-store deal

Tesco has seen profits slump in its domestic market Tesco, the world’s third biggest retailer, has sealed a deal to open 19 of its fashion stores in Saudi Arabia as it looks to boost its overseas profits amid declining retail … Continue reading

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Swatch CEO says record sales target will be a "fight

Swatch Group (UHR.VX) will have to work hard to achieve its goal of increasing sales this year to 8 billion Swiss francs ($8.50 billion) from last year’s record high of 7 billion, its chief executive told Reuters on Thursday. Nick … Continue reading

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Swatch CEO says record sales target will be a “fight

Swatch Group (UHR.VX) will have to work hard to achieve its goal of increasing sales this year to 8 billion Swiss francs ($8.50 billion) from last year’s record high of 7 billion, its chief executive told Reuters on Thursday. Nick … Continue reading

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Karen Millen appoints retail directors for Europe and UK

British clothing brand Karen Millen has appointed Becky Bateman as retail director for the UK and Ireland and Pilar LaCave as retail director for Europe. Bateman, who joins the company in January, will lead the Karen Millen brand in domestic … Continue reading

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