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.

YouTube will launch its first official shopping channel for live commerce in South Korea on June 30, Yonhap news agency reported on Wednesday.

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.

On the second day of the Paris fashion shows, Botter, Hed Mayner and Lemaire showed off their cutting and construction skills, hiding highly sophisticated creations behind casual silhouettes.

​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.

The menswear fashion week opened in Paris on Tuesday with interesting collections by Burk Akyol, Valette Studio and Etudes Studio, giving a foretaste of what seems like a promising programme.

​Hot on the heels of its debut in Islington, Monsoon on Wednesday opened a store in London’s Waterloo Station.

​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”.

​E-tailer and tech specialist THG issued a trading update on Wednesday and said it’s seeing “strong profitability progression with cash generation ahead of expectations in H1 2023”.

​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”.