B&M European Value Retail SA, the U.K. retailer chaired by former Tesco Plc boss Terry Leahy, is pressing ahead with an initial public offering that may value the discounter at as much as 2.9 billion pounds ($4.9 billion).
Fat Face Group Ltd., the British ski and sportswear chain, plans to offer shares in an initial public offering, joining U.K. retailers such as Pets at Home Group Plc and Poundland Group Plc entering the stock market this year.
Robert Swannell , who helped defend Marks & Spencer Group Plc against billionaire Philip Green ’s takeover bid six years ago, will replace Stuart Rose as chairman of the U.K.’s largest clothing retailer.
Ocado Group Plc, the unprofitable U.K. online grocer, named former Marks & Spencer Group Plc boss Stuart Rose as its new chairman, adding weight to its leadership to help dispel doubts over the future viability of the business.
HSBC Holdings Plc appointed Stuart Rose, former chairman and chief executive officer of Marks & Spencer Group Plc, to its investment-banking unit’s European advisory council, according to a person briefed on the move.
CVC Capital Partners Ltd. has “informally” approached former Marks & Spencer Group Plc Chief Executive Office Stuart Rose about becoming non-executive chairman of Delta Topco, the holding company of Formula One, Sky News City Editor Mark Kleinman reported in his blog on the website. Delta Topco directors have also contacted several other people about the role, Kleinman said, citing unidentified people in London’s financial industry.