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Retail round up – the Sunday papers

Tech billionaire weighs float of Camden Market, Sofa store eyes listing comeback, Boots bulks up with nutrition buy, Farrow & Ball heads west, High notes, Supermarkets could start to close, Mike Ashley looks to add Kitbag to sportswear empire, Quarterly reporting quietly comes to an end, Pub landlords want rent independently reviewed, Thea nails New York store


Retail round up – the Sunday papers

Sunday Times

Israli gambling and technology billionaire Teddy Sagi is considering plans to float Camden Market, the north London tourist spot. Sagi has spent an estimated £500m buying up separate parts of the market, including a deal last month to acquire Camden Lock. It is the first time the markets, which attract more than 100,000 visitors every weekend, have been under single ownership.

The private equity owner of ScS Upholstery is consider- ing returning the furniture retailer to the stock market six years after it collapsed during the financial crisis. Sun European Partners, which bought the sofa and carpets specialist for a pittance in 2008, is understood to have hired Investec to explore a float or sale. It is thought ScS could fetch about £100m.

An investment fund set up by Alliance Boots is to buy a leading maker of protein powders and nutrition bars in a deal estimated to be worth over £20m. PhD Nutrition will be the second acquisition made by B&B Investment Partners since it was established last year. The deal is likely to produce a windfall for Jason Rickaby and Mark Bowering, who co-founded PhD nine years ago. Rickaby will remain as managing director.

The middle class’s favourite paint maker is in talks to be bought by the owner of Neiman Marcus, the upmarket American department store, in a deal that will value it at up to £300m. It is believed that Los Angeles-based Ares Management, which paid $6bn (£4bn) for Neiman Marcus last year, has offered between £250m and £300m for Farrow & Ball. A deal could be announced in the next few days, City sources said.

A new theatrical producer set up to stage musicals — and which counts Arlene Philips, the former Strictly Come Dancing judge, as a patron — is trying to raise more than £300,000.The Stable previously secured £150,000 from Ingenious, the investment firm founded by Patrick McKenna, former boss of Lord Lloyd-Webber’s Really Useful Group.

Sunday Telegraph
Supermarkets in Britain could start to close as the grocery industry struggles to cope with an unprecedented slide in sales and profits, the head of Waitrose has warned. Mark Price, the managing director of the upmarket grocer, said it was “incredibly hard to call” whether all of Britain’s food retailers would survive tumultuous shifts in shopping habits.

Mike Ashley, the sportswear tycoon and founder of Sports Direct, is eyeing a takeover of football strip retailer The company, which sells replica club shirts and was the official retail partner for this year’s Ryder Cup, has been put up for sale. Its owner Findel has appointed KPMG to help offload the business as it looks to raise cash to tackle debts.

The Financial Conduct Authority has quietly scrapped the rule requiring public firms to release interim management statements, as part of the Government’s push to encourage more long-term thinking in the stock markets. The regulator has removed the rules at the request of Vince Cable, the Business Secretary, who pledged to reduce the reporting burden on companies as recommended by Professor John Kay in 2012.

The Independent
Dozens of prominent Conservative and Liberal Democrat MPs are set to rebel against the Government in an attempt to break big breweries' stranglehold on pubs across the country. They will back an amendment to the Small Business Bill, in a vote on Tuesday, which allows landlords leasing pubs from large companies (those owning more than 500 pubs) to have their rent independently reviewed to ensure it is fair. It would also allow them to buy beer at competitive prices on the open market – saving, according to campaigners, about 60p a pint.

Mail on Sunday
Britain's leading nail brand Nails inc is launching its first permanent US concession in New York. The Paint Workshop will be opening for business in Saks Fifth Avenue from today. The firm was founded by former fashion journalist Thea Green in 1999 after she noticed the proliferation of nail bars in New York.

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