The U.S. Federal Trade Commission filed suit against Amazon.com Inc on Wednesday, accusing the retailer of enrolling millions of consumers into its paid subscription Amazon Prime service without their consent.
Private equity firm KKR has agreed to purchase a substantial portion, or up to 40 billion euros ($43.71 billion), of payments company PayPal's buy now, pay later (BNPL) loans in Europe, the companies said on Tuesday.
Steinhoff International said on Wednesday it had received approval from a Dutch court for a debt restructuring plan, paving the way for resolution of an accounting scandal that brought down the retailer.
Spanish businessman Amancio Ortega, the founder of Zara owner Inditex, has bought a warehouse in the Netherlands for 105 million euros ($115.4 million), his private investment firm Pontegadea said on Wednesday.
It’s been a tough month for unsecured creditors of failed retail companies. But money owed by Hunter Boot (£112.8 million) and Edinburgh Woollen Mill Group (£167 million) are dwarfed by the cost of Debenhams’ failure.
Value omnichannel fashion and homewares retailer Matalan has made two key senior executive appointments with Phil Hackney joining as Chief Supply Chain Operations Officer and Katherine Davis as Chief Retail Officer.
Managing Director Marie Schott left The Kooples at the beginning of the week. Anne-Laure Couplet, former CEO of Burton and Paule Ka, is taking over from her as head of the label owned by the MF Brands group.
UK inflation is proving more stubborn than expected and despite widespread predictions of a fall in May, the latest figures from the Office for National Statistics show that hope to be wide of the mark.
Vans has big news this week, revealing its new pinnacle category, OTW by Vans. This is “where elevated product and brand experiences come together with art, design, style, skate culture and entertainment”.
Lenzing’s Tencel and its ambassador — Amy Powney of Mother of Pearl — have revealed the five finalists of design contest ‘Fashion Reimagined’, showcased as part of the ‘Best of GFW’ Catwalk at Graduate Fashion Week.
Collaborations are hugely important to Dr Martens and the footwear brand is set to launch one with global music platform and radio station NTS on Friday (22 June) “to celebrate individuality in all its forms”.