Finance Related Topics 
Retail TouchPoints
AUGUST 30, 2023
In a notice to employees, interim CEO Chris Moye cited weak sales and unexpected trouble securing financing as the reason for the closure. High-end furniture retailer Mitchell Gold + Bob Williams has abruptly shut down and laid off more than 500 employees in North Carolina, multiple sources report. according to the Taylorsville Times.
Retail Dive
AUGUST 30, 2023
The company, which was acquired by private equity firm The Stephens Group in 2014, is closing despite a recent $20 million investment by the firm.
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Retail Wire
AUGUST 31, 2023
France’s Finance Minister Bruno Le Maire is urging the country’s supermarkets and suppliers to accelerate price cuts as consumers struggle with rising food costs and inflation. Although a pledge was made by 75 top food companies to cut prices in July, only about 40 have followed through.
Retail Gazette
AUGUST 29, 2023
In a letter seen by The Financial Times, the private equity firm said it had to submit its final offer and proof of financing on bank holiday Monday without having access to examine Wilko’s finances.
Retail Gazette
AUGUST 30, 2023
Mohsin and Zuber Issa, backed by TDR Capital, are said to be in talks with an Australian finance house for a deal worth about £500m. The billionaire brothers behind Asda are understood to be close to the sale of another chunk of the supermarket’s property portfolio in a bid to bring down its mounting debt pile.
Retail Gazette
AUGUST 30, 2023
The Works head of finance Rosie Fordham will succeed Alldridge. It expects to make an adjusted EBITDA of around £10m. The value chain also revealed that its chief financial officer Steve Alldridge plans to step down from his role by the end of this year. Click here to sign up to Retail Gazette‘s free daily email newsletter
Retail Gazette
AUGUST 27, 2023
Subscribe to Retail Gazette for free Sign up here to g et the latest news straight into your inbox each morning According to Sky News, the Canadian tycoon has approached several debt providers including Gordon Brothers and Hilco to help finance his offer.
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