Pepco Group’s German unit has filed for insolvency proceedings as it seeks to revamp its loss-making store network in the country. Pepco Germany filed for the proceedings at a Berlin court. Read More
El Corte Inglés announced that it will invest 3 billion euros as part of its 2030 strategic plan. This was decided at its shareholders’ meeting, where Marta Álvarez was re-elected as president for the next five years. Read More
With a name like Pleasing, it was always on the cards that Harry Styles’ beauty-meet-fashion-meets lifestyle brand would move on to sexual wellness and so it has. Read More
India’s financial crime agency said on Wednesday an investigation had found that Walmart’s fashion business Myntra Designs breached laws prohibiting foreign wholesalers from selling to consumers. Read More
Australian luxury womenswear brand Zimmermann announced on Wednesday the opening of its first store in Nice, following recent store openings in Mykonos and Ibiza. Read More
Swiss drugmaker Roche reported a better-than-expected first-half operating profit on Thursday, which was up 6% due to strong sales growth. Read More
Global miner Anglo American on Thursday reported a 13% fall in copper production in the first half of the year to 342,200 metric tons, and a 26% fall in rough diamonds, as demand remains sluggish. Read More
Prime Minister Keir Starmer welcomes his Indian counterpart Narendra Modi to Britain on Thursday where the pair will sign a recently announced UK-India trade deal. Read More
Marketplaces continue to be the channel of choice for major-name retailers and the latest to join the fray is Debenhams Group’s boohooMAN. It has unveiled its new Brand Locker marketplace with 560+ brands. Read More
River Island risks collapse unless its rescue plan is approved, a newspaper said Thursday. And while it’s set to face opposition, such plans have a history of approval as the alternative is often worse for creditors. Read More
