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PwC |
Global news | Retail
An overview of PwC global news:
Consulting industry
Events
1
Partnerships
2
People
2
Expertise
Cyber Security
1
Digital
1
Ecommerce
4
ESG
1
Human Resources
1
Innovation
1
Marketing
2
Mergers & Acquisitions
9
Restructuring
13
Sales
2
Strategy
1
Supply Chain
1
Sustainability
2
Industry
Retail
39
Themes
Artificial Intelligence
1
Crisis
1
Economy
1
Labour Market
1
Tax
1
Global news
1563
Middle East
Middle East eyewear retailers Magrabi and Rivoli merge
Gulf eyewear companies Magrabi and Rivoli have announced their merger, creating an eyewear retail business with more than 290 locations in seven Middle Eastern markets. PwC advised Rivoli during the transaction process.
24 September 2024
United Kingdom
Unilever working with PwC on divestment of premium skincare brands
Fast-moving consumer goods giant Unilever has reportedly contacted PwC to help it slim its personal care portfolio.
04 September 2024
Middle East
M&A advisors advise off-price retailer Brands For Less on mega deal with TJX
UAE-based retailer Brands For Less has agreed to sell a 35% stake to The TJX Companies, in a $360 million deal that values the off-price retailer at $1.2 billion.
27 August 2024
United Kingdom
PwC set to return as Sainsbury's auditor
Reports in the British press suggest supermarket giant Sainsbury’s is set to re-appoint PwC as its auditor. The move would come a decade after the firm was replaced in the role by Big Four rival EY.
13 March 2024
Australia
PwC called in for Godfreys and Melbourne Rebels administrations
Facing separate but challenging market forces, rugby union club the Melbourne Rebels and vacuum cleaning retailer Godreys have both entered voluntary administration, with PwC called in on both.
30 January 2024
Australia
PwC agrees partnership with retail media platform Zitcha
Aiming to capitalise on a local retail media market tipped to double in size to $2 billion over the next few years, PwC has forged a collaborative partnership with Zitcha.
17 January 2023
United Kingdom
PwC to oversee Made.com administration
The operators of Made.com Design have filed a notice to appoint Big Four firm PwC as its administrator. The consultancy will now work to find a buyer for the assets of the e-commerce firm. Made.
03 November 2022
Middle East
Consumers are hybrid hunting bargains and more ESG minded
The shopping behaviour of consumers in the Middle East is undergoing major change, with many of these changes likely to stick around for good, according to a new report by PwC.
17 May 2022
United Kingdom
Supply chain issues to hit Boxing Day sales
Annual research from PwC anticipates “lacklustre” Boxing Day sales, as retailers look to preserve margins already hit by supply chain uncertainty and labour shortages.
27 December 2021
Europe
DELIVER names PwC knowledge partner of its flagship event
Europe’s leading event for the retail e-logistics industry, DELIVER, has named PwC its knowledge partner for the 2021 edition of its flagship event to be held in the Dutch capital of Amsterdam.
23 September 2021
United Kingdom
Alantra, EY and PwC advise on Sigma Sports | Primary Capital deal
UK-based private equity group Primary Capital has purchased a minority stake in bicycle retail giant Sigma Sports. The company is expected to use the new backing to fund an expansion drive.
24 February 2021
United Kingdom
Paperchase becomes latest victim of Covid-19 recession
UK stationary firm Paperchase is reportedly on the brink of administration, after muted Christmas sales thanks to Covid-19 restrictions.
11 January 2021
Australia
Cross-border PwC team helps Italians acquire Zimmermann
Australian luxury brand Zimmermann has been acquired by Style Capital, an Italian private equity group. The deal was advised on by consultants from PwC’s M&A arms in Australia and Italy.
15 December 2020
China
M&A eyes China's booming sheconomy as women lift spending
Women now account for 75% of all consumer purchases in Mainland China, and the merger and acquisition (M&A) landscape has been quick to recognise this opportunity.
04 September 2020
Middle East
Middle East consumer behaviour changing and shifting online
Despite feeling the financial strain from Covid-19, consumers across the Middle East are still willing to spend more in the near future, although patterns of consumption are likely to change.
24 July 2020
United States
Consumers are spending less, going mobile and embracing wellbeing
PwC reports that lower spending is a product of the current economic uncertainty, while other trends in consumer behaviour – such as a transition to online – might be here to stay for the long term.
16 July 2020
United Kingdom
Millionaire Monaco-based Matalan founder sues PwC over tax liability
John Hargreaves, founder of UK discount retailer Matalan, is suing PwC over claims the firm’s advice left him liable for as much as £135 million in tax.
22 May 2020
United Kingdom
Third PwC administrator appointed to Laura Ashley
A third joint administrator has been appointed for UK retailer Laura Ashley, following a court hearing in April.
20 April 2020
United Kingdom
Laura Ashley appoints PwC administrators
Amid the continuing Covid-19 pandemic, Laura Ashley has become the first retailer to fall victim to the “significant” drop in trade that the virus has caused.
20 March 2020
United Kingdom
PwC to oversee administration of The Book People
The Book People has filed for administration with just one week to go before Christmas, putting 400 jobs at risk.
23 December 2019
Australia
Trio of PwC partners oversee administration of Co-op Bookshop
Consultants from PwC have been appointed as administrators for Co-op Bookshop, following the Australian retail firm’s decision to enter voluntary administration.
28 November 2019
United Kingdom
Mothercare appoints PwC administrators for UK wind-up
PwC is set to close 79 Mothercare stores across the UK, after its appointment as administrator for the troubled brand. The news is likely to result in the loss of almost 3,000 jobs across Britain.
11 November 2019
United Kingdom
Retailers must make return on experience the new ROI
In addition to the traditional return on investment (ROI) metrics such as NPS, which are used to determine a company's success, it is time to introduce another metric.
22 May 2019
United Kingdom
Lack of high street openings sees UK retail in precarious state
Changes in consumer behaviour, particularly in favour of online shopping, are starting to take their toll on shop-fronts in the UK, while stagnant wages are hitting peoples’ willingness to go out for
11 March 2019
Australia
Mayo Hardware taps consultants from PwC for strategic review
The management team of Mayo Hardware has hired PwC to support the firm with a strategic review process.
15 January 2019
South Africa
Black Friday marketing initiatives are extending holiday shopping periods
As South African consumers prolong their propensity to spend in and around Black Friday, and retailers prolong their targeted efforts to capitalise on this tendency, Black Friday appears to be result
29 November 2018
United Kingdom
UK retail net store closures quadruple in first half of 2018
The UK high street is enduring its most challenging period in five years, according to a new study.
14 November 2018
United Kingdom
Big Four firms wary of Sports Direct's hunt for new auditor
As competition rules have led to Grant Thornton having to stand aside as the auditor of Sports Direct, the retail group has been left struggling to replace the firm.
19 September 2018
Brazil
Brazilians plan to buy more Artificial Intelligence than the Chinese or Americans
Brazilians are often known for their dancing flair, street parties and overwhelmingly undersized swimwear.
27 July 2018
United Kingdom
PwC fined and Partner banned from accounting over BHS audit
Following an investigation into the collapse of British retailer British Home Stores, PwC and a former Partner of the firm have been fined on the grounds of ‘misconduct’.
29 June 2018
United Kingdom
Maplin faces store closures as demise leaves creditors owed £150 million
UK electronics retailer Maplin is facing store closures, according to PwC administrators, after the store-chain began liquidation proceedings earlier in 2018.
02 May 2018
United Kingdom
Unilever partners with PwC for consulting, M&A, sustainability, HR and cyber
British-Dutch transnational consumer goods company Unilever hired the consulting and corporate finance arm of PwC on several occasions for several projects, last year.
16 April 2018
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