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 UNITED KINGDOM FRANCHISE NEWS ARCHIVE
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: : Sep/Oct 2002
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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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