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Weekly Roundup... 01 December, 2020

Published on Dec 1 2020 10:15 AM

Weekly Roundup... 01 December, 2020

Hammerson, on behalf of the Dundrum Partnership, has announced that the Guinness Storehouse is due to launch a pop-up store in Dundrum Town Centre. The Guinness Storehouse pop-up will be open until 17 January and will be located on Level 1, near the Next store. Children’s concept brand Barn is also set to open a festive pop-up store in the centre. The pop-up will also be located on Level 1, adjacent to H&M and opposite BT2 and will be open until early January.

Russia may increase the size of its grain export quota planned for 15 February - 30 June to 17.5 million tonnes from 15 million tonnes, the agriculture ministry said on Monday. Russia, one of the world's largest wheat exporters, is preparing to impose the quota to stabilise its domestic market after recent price rises despite a large crop harvested this year.The agriculture ministry drafted a resolution containing the proposal. It is due to be reviewed by the trade ministry and other officials, the ministry said in a statement.

British tycoon Philip Green's Arcadia fashion group has collapsed into administration, putting over 13,000 jobs at risk and becoming the country's biggest corporate casualty of the COVID-19 pandemic so far, administrator Deloitte said on Monday, reports Reuters. Arcadia owns the Topshop, Topman, Dorothy Perkins, Wallis, Miss Selfridge, Evans, Burton and Outfit brands, trading from 444 leased sites in the UK and 22 overseas. Deloitte said the stores will remain open, or reopen when permitted under the government's COVID-19 restrictions, and no redundancies were being immediately announced. "We will now work with the existing management team and broader stakeholders to assess all options available for the future of the group's businesses," said Matt Smith, joint administrator at Deloitte. He said Deloitte would rapidly seek expressions of interest and expected to identify one or more buyers to ensure the future of the businesses. "This is an incredibly sad day for all of our colleagues as well as our suppliers and our many other stakeholders," said Arcadia CEO Ian Grabiner. He blamed the pandemic for the group's demise. "In the face of the most difficult trading conditions we have ever experienced, the obstacles we encountered were far too severe," he said.

Russia may increase the size of its grain export quota planned for 15 February - 30 June to 17.5 million tonnes from 15 million tonnes, the agriculture ministry said on Monday. Russia, one of the world's largest wheat exporters, is preparing to impose the quota to stabilise its domestic market after recent price rises despite a large crop harvested this year. The agriculture ministry drafted a resolution containing the proposal. It is due to be reviewed by the trade ministry and other officials, the ministry said in a statement. The quota, if formally approved by the government, would be distributed among exporters based on their share of July-December grain exports.

© 2020 Checkout – your source for the latest Irish retail news. Article by Donna Ahern. Click sign-up to subscribe to Checkout. 

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