Reporting “outstanding growth and strategic progress” is good. Achieving them in a “transformational year” on top of a recent IPO is even better. That’s how In The Style updated the market on Wednesday.
Maintaining strong momentum since its IPO and delivering a “very good performance” for the year. That was the headline news from online women’s fashion retailer In The Style as its collab format drew in new customers.
eBay’s plan to sell Gumtree to Norway-based international classifieds website Adevinta ASA has hit a stumbling block with the online retail giant saying the UK’s CMA has concerns that the deal could cut competition.
Walmart is to sell its UK supermarket chain Asda to a consortium comprising private equity group TDR Capital and the founders of petrol station operator EG Group. The purchase price is £6.8 billion ($8.8 billion).
Asda looks set to change hands, possibly as early as this week, with owner Walmart having entered exclusive talks with private equity firm TDR Capital. Walmart is expected to sell a controlling stake for over £6.5bn.