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UNITED KINGDOM FRANCHISE NEWS ARCHIVE

 
: : Sep/Oct 2002

Claims Direct faces investor wrath. Claims Direct, the failed personal injury group which briefly prospered by handling compensation claims on behalf of accident victims, is itself facing legal action. .... [more] 28 Oct, 2002
Debenhams cheers investors. Shares in the UK department store chain Debenhams have risen by more than 13% after the retailer reported a rise in profits and said its summer sales difficulties were only a temporary setback. .... [more] 22 Oct, 2002
M&S station shops to be rolled out. Marks & Spencer is to roll out up to 40 of its Simply Food shops through railway stations around the UK under a franchise agreement. .... [more] 17 Oct, 2002
Body Shop profit slide continues. Ethical cosmetics chain Body Shop has extended a run of poor results by announcing sliding profits for the first half of the year. .... [more] 17 Oct, 2002
PizzaExpress heats up on bid talk. Shares in PizzaExpress have jumped on speculation that hotels and leisure group Whitbread might launch a takeover bid for the restaurant chain, dealers say. .... [more] 17 Oct, 2002
Mothercare's turnaround fight goes on. Struggling mother-and-baby retailer Mothercare has seen its sales continue to slide in the UK. .... [more] 15 Oct, 2002
Laura Ashley challenges L'Oreal. UK clothes and furniture retailer Laura Ashley is taking L'Oreal to arbitration after accusing the perfumery and cosmetics giant of breaking a deal between the two. .... [more] 14 Oct, 2002
Burger King gets nod to be gobbled up. The European Commission has given permission for Diageo to sell off Burger King, the world's number two hamburger chain, to a private equity consortium. .... [more] 11 Oct, 2002
Claims Direct duo may face new quiz. Claims Direct's founders Tony Sullman and Colin Poole could face further questions after administrator Deloitte & Touche said it is investigating 'various matters in connection with the demise of the company' and plans to 'report to relevant authorities'. .... [more] 9 Oct, 2002
Diageo may seek other buyers. Other buyers for Diageo PLC's Burger King fast-food chain could re-emerge if the Texas Pacific Group consortium fails to close its 2.26 billion buyout because of reported difficulties in raising the necessary finance, according to industry sources. .... [more] 10 Oct, 2002
Yum Brands disappoints investors. Shares in the parent company of fast-food chains KFC, Pizza Hut and Taco Bell, were marked down even though it increased its profits. .... [more] 9 Oct, 2002
Pizza Express sales lack bite. Pizza Express has seen sales drop in the July to September period as Londoners gave its pizza restaurants the thumbs down. .... [more] 9 Oct, 2002
M&S revival continues. Marks & Spencer has reported healthy sales growth in July, August and September in a sign that the High Street icon's recovery is continuing. .... [more] 8 Oct, 2002
Monsoon cheers on trading. Fashion retailer Monsoon said the current financial year had got off to promising start despite seeing a dip in underlying sales. .... [more] 1 Oct, 2002
M&S has Xmas present for job-seekers. The country's biggest clothes retailer Marks and Spencer says it has started looking for an extra 18,000 staff to cover the busy Christmas shopping period. .... [more] 1 Oct, 2002
Uniqlo thinks big despite setbacks. Japanese clothing chain Uniqlo is determined to grow in Britain despite problems in its home market. Though the chain is still a minnow with 15 shops in Britain, UK boss Masatoshi Morita says: 'If we are very successful, we will probably risk opening 200 stores.' .... [more] 30 Sep, 2002
Laura Ashley back into the red. Laura Ashley yesterday announced that it dropped back into the red over the past six months and admitted it needs to move its image away from flowery print dresses and bring some excitement back into its clothing ranges. .... [more] 26 Sep, 2002

Inkjet refiller expands franchise market. "It's like McDonald's but with ink," was Steve Murphy's slightly bizarre description of his remanufactured inkjet cartridges franchise. .... [more] 24 Sep, 2002
Mothercare shops at Disney for new chief executive. Mothercare, the struggling baby goods retailer, has appointed Ben Gordon as its chief executive. The little known former Disney director will take up the post later this year. .... [more] 23 Sep, 2002
Claims Direct faces legal threat. Personal injury group Claims Direct could face legal action from aggrieved shareholders who lost money when the company collapsed earlier this year. .... [more] 13 Sep, 2002
M&S to open DIY checkouts. Queues are to be banished at Marks & Spencer supermarkets with the launch of a series of new self-service tills. .... [more] 12 Sep, 2002
M&S goes to dogs and cats. Marks & Spencer is moving into the fast-growing pet insurance market and will be targeting its army of pet-owning shoppers by advertising the policies on its own-brand dog and cat food. .... [more] 12 Sep, 2002
Arcadia warns of spending slowdown. The Top Shop to Burton retail group, Arcadia, has warned that High Street spending is set to fall sharply. .... [more] 10 Sep, 2002
Tired decor fails Pizza Express. Pizza Express has paid the price for scrimping on refurbishment, warning that its oldest and most tired restaurants have seen a drop in sales. .... [more] 10 Sep, 2002
It's goodnight latte as coffee war froths up. As if coffee bars were not having a tough enough time, along comes the pub chain JD Wetherspoon with a cunning plan: open early and combine the continental cachet of a cappuccino with the Anglo-Saxon appeal of the bacon butty. .... [more] 8 Sep, 2002
Arcadia accepts BHS owner's bid. The Top Shop to Burton retail group, Arcadia, has accepted a takeover bid from BHS owner Philip Green. .... [more] 6 Sep, 2002
Hard Rock eats into Rank earnings. Poor trading at the Hard Rock Cafe chain marred half-year profits at Rank. Operating profits at the chain dropped nearly 40% to 14.8m as high spending tourists stayed away. .... [more] 6 Sep, 2002
Green drops Baugur from Arcadia bid. Philip Green, the billionaire owner of BHS, today dropped the Icelandic retailer Baugur from his 850m offer to buy Arcadia. .... [more] 5 Sep, 2002
Green plans no-strings Arcadia bid. Retailer Philip Green's financial adviser, Merrill Lynch, was last night locked in negotiations with Allen & Overy, the lawyers acting for Mr Green's scandal-tainted Iceland partner Baugur, trying to agree a revised bid for Arcadia. .... [more] 2 Sep, 2002
Henderson to set up rival to Claims Direct. Ronnie Henderson, the former chief executive of Claims Direct, is in talks with investors to win backing for setting up a rival personal injury claims company. .... [more] 2 Sep, 2002
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