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The Latest Breaking News from Alteri

Just two buyers left in race to buy WH Smith high street division – report

Alteri and Modella Capital are the only two parties remaining in talks, according to Sky News

The Guardian - UK

WH Smith shares rise - but stark gap between high street and travel stores shows weakened hand for sale of shops

The group said total high street sales dropped 6 per cent while travel shops saw 6 per cent growth

The Independent UK

WH Smith reveals falling high street sales amid talks to sell the division

The group said total high street sales dropped 6% in the 21 weeks to January 25, down 3% on a like-for-like basis, while travel shops saw 6% growth.

Evening Standard

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Uncertainty for WH Smith high street shops as private equity firms ponder deal

It is understood private equity groups Hilco and Alteri are among parties to raise interest over a possible takeover of WH Smith’s high street arm.

Evening Standard

WH Smith puts UK high street stores up for sale creating uncertainty for workers

Surprise move frees up parent company of 232-year-old chain to focus on successful travel arm

The Guardian - UK

Missguided suppliers expected to be paid less than 2% of £30m owed

Administrator’s report reveals how little may go to those left unpaid after collapse of online fashion firm

The Guardian - UK

'I found out I'd lost my job of 8 years at Missguided when I was locked out of my email'

The new mum claims she was only able to find out she was being made redundant through the help of friends and after being locked out of her email account with the fast fashion retailer

Daily Mirror

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New mum found out she'd lost eight-year job at Missguided 'from her colleagues' whilst on maternity leave

"I've now got to find a new job with two newborn babies to look after"

Manchester Evening News

Missguided went badly off course. Could this become a trend?

Fast fashion boomed in the pandemic, but post-lockdown many others in the market are suffering too

The Guardian - UK

Frasers rescues fast fashion retailer Missguided in £20 million deal

Until yesterday Boohoo had been frontrunner to take on troubled brand

Evening Standard

Boohoo weighs offer for troubled online fashion retailer Missguided

The process to identify a buyer for the company started in April

Evening Standard

Retailer Missguided on brink of calling in administrators

Winding-up petition issued to fashion firm by suppliers owed millions of pounds

People

Mike Ashley Frasers Group

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