article thumbnail

Sustainability and Profitability: How Embedding Sustainability can Boost Business Performance

Retail TouchPoints

BNP Paribas, HSBC and IFC) are leveraging supply chain finance, tied to sustainable operation, to align with suppliers which, if standards are met, can unlock real benefit to the business including preferred and lower interest rates, tiered financing and access to more working capital. Our research highlights that U.S.

article thumbnail

Steve Madden Buys Kurt Geiger for $364.1 Million

Retail TouchPoints

The Steve Madden board of directors has unanimously approved the transaction, which the company plans to fund with a combination of committed debt financing and cash on hand. The acquisition is expected to close in Q2 2025, subject to customary closing conditions.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Nordstrom Family and Mexican Retailer Liverpool to Take Company Private in $6.25B Deal

Retail TouchPoints

Nordstrom and Liverpool have been financially involved since at least September 2022, when Liverpool took a 9.9% The transaction will be financed with a combination of rollover equity by the Nordstrom Family and Liverpool, cash commitments by Liverpool, up to $450 million in borrowings under a new $1.2 to Liverpool. per share in cash.

Finance 278
article thumbnail

McDonald’s Australia CEO resigns, new boss announced

Inside Retail

Chiczewski joined McDonalds in 2012, and has held several roles in strategy, finance, and operations. Before he took on the top leadership role in Australia in March 2022, Martinez had led McDonalds Korean business. Among his achievements as CEO, Martinez launched MyMaccas Rewards, a loyalty program with more than 14 million customers.

Finance 226
article thumbnail

End Clothing plunges £43m into the red after warehouse troubles

Retail Gazette

The loss came mostly from impairments linked to the implementation of a new stock system in 2022, which End Clothing said last year had created logistical problems preventing it from shopping products and leading to a multimillion-pound write-off. to 212.7m, The Times reported.

Finance 116
article thumbnail

The £1 billion profit club: What comes Next for the fashion giant?

Retail Gazette

It joins the likes of Tesco, which has profits of more than 2bn, B&Q owner Kingfisher, which surpassed 1bn in profit in 2022, and M&S in 2008. Perhaps his caution comes as Next recorded its second impairment charge worth 13m from JoJo Maman Bb, the kids brand it jointly acquired in 2022 with a group of finance firms.

Fashion 109
article thumbnail

TM Lewin plots store expansion as office wear revival continues

Retail Gazette

The heritage shirtmaker , which collapsed into administration during the pandemic and again in 2022 , recently opened a new store on Bow Lane in the City of London and is now eyeing further sites across London, Manchester and Edinburgh, the Times reported. “A Where people are coming in, they’re willing to spend the money.”

Finance 93