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DIY
ScS shareholders approve £99m Poltronesofà deal
ScS has announced that its shareholders have voted in favour of the group’s £99m takeover by Italian firm, Poltronesofà. At…
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Online & Digital
Alibaba chief to head e-commerce arm
Alibaba Group has announced that chief executive Eddie Wu will now serve as chief executive of the group’s ecommerce arm,…
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Economy
UK inflation falls to two-year low of 3.9%
UK inflation has fallen to 3.9% in the year to November, the lowest level seen in two years, according to…
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Clothing & Shoes
Farfetch acquired by Coupang in $500m rescue deal
South Korean ecommerce group Coupang has agreed to acquire Farfetch, which had been seeking a rescue deal in recent weeks,…
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Clothing & Shoes
Farfetch seeks last-minute rescue deal
Farfetch is reportedly looking to secure a last-minute rescue deal with a private equity-backed buyer, according to The Sunday Times. …
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High Street
Currys boss criticises gov’s minimum wage plans
Currys CEO Alex Baldock has accused the government of not caring about the retail industry after claiming its decision to…
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Luxury Goods
Farfetch in talks with Apollo over rescue deal
Farfetch has reportedly entered talks with Apollo Global Management to secure emergency funding in a bid to rescue the group.…
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Clothing & Shoes
Sosandar maintains FY guidance despite half-year loss
Sosandar has fallen to a pre-tax loss of £1.3m in its half-year results, down from a profit of £0.1m the…
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Clothing & Shoes
Shein mulls London IPO
Fast-fashion giant Shein is reportedly considering plans for a London Stock Exchange flotation, Sky News has reported. According to Sky,…
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Supermarkets
Asda lorry strikes could lead to Xmas food shortages, union warns
Asda may face food shortages over the festive period following strike action amongst its lorry drivers. It comes as Unite…
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