07 July 2026
07 July 2026
Under the plan, stores currently operating under the Auchan banner will be run by the new joint venture and rebranded as Intermarché or Netto.
Harvey Nichols has stores in Birmingham, Bristol, Dublin, Edinburgh, Leeds, London and Manchester.
The reductions cover apparel, groceries, household essentials, outdoor living, and toys.
To stand out, retailers are reimagining stores as "third places"—spaces outside the home and workplace where people feel comfortable spending time.
Päällysaho currently serves as senior vice-president for groceries at Helsinki-headquartered retailing cooperative SOK.
The company said consolidated net revenue is also expected to increase at close to 30%, pointing to one of its better quarterly performances in recent times.
People familiar with the matter told the FT that Francis is discussing both a potential valuation and the size of any repurchase with the US buyout group.
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