Entrepreneurial brothers Mohsin and Zuber Issa have taken a minority share in Castore. The owners of UK supermarket giant Asda are understood to have become the largest outside investor in the British sportswear brand.
South African conglomerate Steinhoff said on Friday it had set the price of shares in discount retailer Pepco at 40 zlotys (8.8 euros) in its Warsaw listing, giving the company a market capitalisation of 23 bn zlotys.
Maintaining strong momentum since its IPO and delivering a “very good performance” for the year. That was the headline news from online women’s fashion retailer In The Style as its collab format drew in new customers.
Marks & Spencer food boss Stuart Machin is understood to be a front-runner to take up the vacant chief executive post at supermarket giant Asda, following the announced departure of Roger Burnley last week.
Asda’s new owners are planning a radical transformation of the chain that could see new services such as nail bars and beauty salons, more third-party concessions, and the sale of its George clothing operations.