retail

Ambani Reliance Brands acquires Hamleys for £67 million

Mukesh Ambani has purchased 259 year old British toy store, Hamleys, from its Chinese owners, C Banner International, for £67 million. Ambani, who is India’s richest man and worth £38 billion, already owns Burberry, Armani, Bottega Veneta and Jimmy Choo via his Ambani Reliance Brands business. Hong Kong based C Banner International, purchased Hamleys four

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Retail news round-up: Consumer trends and taking control; online payment scams

Identifying its 10 global consumer trends for 2019, Euromonitor International says that many of them are about ‘taking control and asserting ourselves’. It concludes that ‘in the face of turmoil and uncertainty, we feel more powerful when we go back to basics and eat an egg laid by our own hens, or actually choose to

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Garden retail defies gloomy high street outlook

While Britain’s High Streets are facing economic headwinds that have seen big name retailers consigned to history, garden centres are bucking the trend and experiencing healthy levels of growth. According to the Horticultural Trades Association, the UK garden market is worth around £5.7billion (excluding landscaping and amenity) and business is booming for the UK’s 2,300

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Retail Reflections: New ways to provide cash access ‘could help keep high streets alive’

Alan Monahan writes: Ten years ago, six out of 10 UK transactions were cash. Now it’s three in 10. You don’t need a crystal ball to guess where this is going. The independent Access to Cash Review was commissioned against growing concern among consumer groups. They are worried about the closure of rural ATMs and

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