The UK government will postpone the elimination of the controversial de minimis tax allowance for low value imports until March 2029, despite persistent calls from British retailers for urgent reform.
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Thousands of former employees of Sir Philip Green’s Arcadia Group have received an unexpected financial boost following news that the company’s pension scheme is now in surplus. This development offers
JD Sports Fashion has alerted investors that its annual profit will likely reach the lower end of forecasts due to mounting youth unemployment and diminished sales volumes in trainers and
Asda has announced the sale of dozens of supermarkets as private equity owners accelerate efforts to address a £3.8 billion debt burden. The supermarket chain, predominantly owned by TDR Capital,
The board of WH Smith is deliberating whether to reclaim bonuses previously awarded to senior executives following a significant accounting error in its North American business. This episode prompted the
The arrival of the annual John Lewis Christmas advert, a staple of the British festive calendar, usually signals the start of a robust retail season driven by both sentiment and
On a mild November morning, Primark’s flagship Oxford Street store appeared noticeably subdued. As the Christmas trading period approached, only a handful of customers browsed heavily discounted £5 leggings and
Potential bidders for Costa Coffee have begun to fall away, with private equity firm KKR withdrawing its interest in acquiring the chain from CocaCola. The decision comes just days before
John Lewis has launched its first gifting emporium as part of the retailer’s most ambitious store transformation in four years, under an £800 million turnaround strategy. The shop, located at
Land Securities has revised its rental income outlook upward, attributing the change to robust performance across its office and retail holdings. The FTSE 100 property firm now expects like for
Kim Kardashian’s Skims clothing brand has achieved a five billion dollar valuation after completing its latest funding round. The company, founded by Kardashian and Jens Grede in 2019, attracted 225
B&M European Value Retail has issued a warning over ongoing challenges facing British retailers, as the company reported a significant decline in profits. The discount chain disclosed that pre tax
Marks & Spencer has named Sean Doyle, chief executive of British Airways, as a non-executive director. The appointment is set to take effect next month and follows recent criticism by
Grocery price inflation in the United Kingdom eased to 4.7 per cent in the four weeks to 2 November, marking a decline from 5.2 per cent reported the month before
Asda has experienced a significant plunge in its share of the UK grocery market, heightening scrutiny of chief executive Allan Leighton and his efforts to revive the supermarket chain. The
British drinks brand Trip has secured a significant investment of 40 million dollars in its latest fundraising round, attracting high-profile backers including Brazilian model Alessandra Ambrosio and American musician Joe