All but three stores of debt-laden furniture retailer
Habitat look set to close as owner Hilco nears
agreement to sell the chain. Home Retail Group
has emerged as the likely new owner of the Habitat brand in the
UK, selling its wares through Argos and
Homebase. Up to 900 jobs are at risk because of
the closures, reports the BBC.
Genesco Inc, the US-based retailer of
sportswear, shoes and accessories, is to acquire UK footwear
retailer Schuh in a deal worth £125
million. Genesco says Schuh has a similar concept to its brand
Journeys and provides the company with an
immediate retail presence in the UK. For Schuh, this is an
opportunity to further expand in the UK and Ireland where it
already has 59 stores and 16 concessions. Colin Temple, Schuh’s
managing director and finance director Mark Crutchley will
continue in their current roles.
Gotham Beauty, a New York-based seller of
natural beauty products is expanding to the UK with the opening
of three stores. The company, which launched this year, will open
the first UK store in Kent, in November. The stores mark the
company’s first foray into bricks-and-mortar stores. Currently
Gotham Beauty trades online via gothambeauty.com in North America
and gothambeauty.co.uk in the UK and Europe.
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