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Matalan

May 1, 2013

Primark, the British-based discount clothing chain, is offering compensation and emergency aid after a supplier’s factory in Bangladesh collapsed, claiming more than 400 lives.
 

Primark, the British-based discount clothing chain, is offering compensation and emergency aid after a supplier’s factory in Bangladesh collapsed, claiming more than 400 lives.

The Rana Plaza, on the outskirts of the capital Dhaka, collapsed last week. The building's owner, Mohammed Sohel Rana, has been arrested amid allegations of negligence and illegal construction.

March 7, 2012

Portuguese family business Jeronimo Martins posted strong results this week, while Italian energy group ERG and British retailer Matalan reported large falls in profits.

Portuguese family business Jeronimo Martins posted strong results this week, while Italian energy group ERG and British retailer Matalan reported large falls in profits.

Jeronimo Martins, the food retailer controlled by the Dos Santos family, said revenues jumped 13.2% in 2011 to €9.84 billion, from €8.69 billion in 2010.

In a statement released on 7 March, the Lisbon-based group added that net profit for 2011 was €340 million, compared to €281 million in 2010 – a 21.1% increase.

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