UK consumer spending dropped last month with physical stores suffering while e-tail rose. The fashion sector suffered more than most, despite new-in autumn lines, but jewellery, hair and beauty were more buoyant.
The French fashion group behind brands such as Sandro, Maje and Claudie Pierlot, announced details of its imminent stock market flotation on Monday, pricing its initial public offering at between 20-25 euros per share.
Chinese internet conglomerate Alibaba Group Holding Ltd denied on Thursday that its vice chairman, Joseph Tsai, is in advanced talks to buy a stake in the Brooklyn Nets of the National Basketball Association.
First it was Shop Direct calling off its mega-billions sale and now Kaupthing is believed to have ended the bidding process for its trio of key (but far less valuable) UK fashion brands, Oasis, Coast and Warehouse.