Should retail pharmacies be worried about disrupters such as Amazon encroaching onto their patch?
High Street
Business rates could be changed the business secretary announces (Business Matters)
Business rates in England could be changed to help High Street retailers, Business Secretary Greg Clark has said.
Debenhams to Hire Team for Restructuring, Telegraph Reports(Bloomberg)
“KPMG has been instructed to draw up an emergency turnaround plan, including the possible filing of a company voluntary arrangement, a form of bankruptcy protection, the Sunday Telegraph reported”
House of Fraser takeover: How did struggling retailer get into this mess? (Sky News)
Structural weakness on UK’s high streets continue as Sports Direct acquires distressed House of Fraser. It’s worth noting that this purchase “represents the sixth change of ownership in just 33 years, during which time, House of Fraser has had even more chief executives and managing directors.”