Julian Graves, a chain of health food shops, has
fallen into administration, putting the future of 755 employees
in doubt, reports the Telegraph. The retailer, which has 189 shops,
appointed Deloitte as its administrator after failing to make a
profit in the last four years as well as an increase in nut
prices causing difficulty.
N Brown Group, the parent company of
Figleaves and Simply Be, has
announced that total group revenue increased by 2.5 per cent in
the 17 weeks ended 30 June 2012, while like-for-like revenue
increased 1.9 per cent after excluding sales from stores opened in
the last year. Gross margin was down 1 per cent but this is
expected to improve through the year. In related news, chairman
Lord Alliance of Manchester is standing down on 1 September and
will be replaced by Andrew Higginson, formerly executive director
of Tesco, while chief executive Alan White has
informed the board of his intention to retire from the company in
the second half of 2013.
Tesco is considering buying a majority stake in
Turkish grocer Uyum Gida, according to Reuters.
In more movers news, Kingfisher, the home
improvement retailer has announced that Karen Witts, current
Vodafone chief financial officer for Africa,
Middle East, Asia and Asia Pacific, will join as group finance
director. Sam Jenkinson, formerly direct marketing manager at
Next, has moved to Victoria
Plumb as marketing manager.
Supermarket Asda is set to create 450 new jobs
in a £40 million investment in Northern Ireland. The Belfast Telegraph has more on the
story.
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