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      Debenhams owner hails ‘successful transformation’ as loss narrows

      Debenhams storefront in central London showcasing seasonal window displays and iconic signage on a bustling street.

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shoes

  • Mike Ashley’s Frasers makes £166m play for shoe firm Accent

    Retail

    Frasers Group has launched a £166m takeover bid of Australian shoe company Accent while calling for the removal of its chairman over “poor performance”. The fashion conglomerate has offered to buy all of the shares in Accent it does not already own for 65 Australian cents per share, valuing the offer at A$136m (£166m). This [...]

    Mike Ashley has been working with Hornby since March.
  • TG Jones owner Modella puts jobs at risk in shoe retailer overhaul

    Retail

    Modella Capital is set to put hundreds of jobs on the line as it pursues its latest drastic restructuring, this time of northern shoe seller Wynsors World of Shoes. The private equity firm which owns hundreds of former WH Smith stores has briefed staff on its plans for an overhaul at the shoe retailer it [...]

    High streets emptied out as retail sales fell in May.
  • Patrick Cox: Tax the rich, bring back the guillotine!

    Opinion

    Iconic 90s shoe designer Patrick Cox, and soon-to-be Cordwainer, takes us on a trip down memory lane in this week's Square Mile and Me.

    Patrick Cox discussing latest business trends at a corporate conference podium
  • Shoe Zone shares plummet as retailer kicks out at budget tax raids

    April 22, 2026

    Shoe Zone shares plummeted after the retailer hit out at Rachel Reeves’ budgets for stifling consumer confidence, saying the chancellor’s policy and the Iran war will kick it into a loss this year. The firm’s share price slumped by more than 32 per cent on Wednesday’s market open, leaving the stock down more than 48 [...]

  • New Balance: UK sales pass £1bn for the first time

    October 2, 2025

    Sales at the UK arm of New Balance have surged to more than £1bn for the first time, it has been revealed. The Cheshire-headquartered division has posted a turnover of £1.02bn for 2024, new accounts filed with Companies House show. The total is up from the £882.1m it achieved in 2023, the £679.7m it posted [...]

  • Forget stocks and shares, the history of the City is all about shoes

    July 3, 2025

    Forget stocks and shares, the Square Mile has an illustrious history full of shoes that deserves celebrating, writes Anna Moloney.

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