British clothing and food retailer Marks & Spencer said on Wednesday it would not follow Tesco in returning business rates relief it has received from the government to help get it through the Covid-19 pandemic.
Supermarkets giant Tesco said it’s repaying the £585m worth of business rates relief it received as part of the retailer support offered during lockdowns this year. Rivals Sainsbury's and Morrisons then did the same.
UK-based fashion supplier BHM Knitwear has been bought by its management team. Group managing director Ben Littlejohn and sales director Nick Barana led the buyout supported by unnamed industry investors.
Indian garment factories producing goods for major UK retailers are again in the news for exploiting workers and paying "shockingly low" wages, according to the ActionAid charity and a related probe by the BBC.
Walmart Inc is selling a majority stake in Japanese supermarket chain Seiyu to investment firm KKR and e-commerce company Rakuten for over $1 billion, after years of struggling to make money amid stiff competition.
Beauty specialist Warpaint London said on Tuesday that the sale of its products in Tesco and Wilko stores has gone well so far with further Tesco expansion planned and the Wilko deal beating sales expectations.
There's confusion over what retailers that remain open during the English lockdown can and can't sell. The lockdown rules have forced stores, including M&S, Sainsbury’s and Tesco to cordon off parts of their spaces.