International shopper activity in Europe slowed in Q1 with the strengthening of the UK pound in the period denting the buying power of visiting nations’ shoppers and “causing a ripple effect across Europe.”
Monsoon Accessorize has delayed its company voluntary arrangement plan in the wake of the delay to Arcadia’s CVA. Reports suggested Monsoon boss Peter Simon had been planning to launch a CVA as early as last Friday.
Britain's finance minister Philip Hammond said he would press the Group of 20 leading economies this weekend to introduce a global tax on the revenues of online giants such as Google, Facebook and Amazon.
Four months ago, reviewers looking ahead to the February edition of London Fashion Week Men’s all stressed these would be the final menswear shows in London before Brexit. Until Theresa May's deal died in Westminster.
May was a bad month for UK retailers with the latest BRC report showing a year-on-year fall of 2.7%. If you exclude the impact of Easter calendar shifts, that was the biggest drop since records started back in 1995.
Intu Properties named Robert Allen as chief financial officer, the latest appointment in a wide-ranging management shuffle as Intu wades through the effects of a string of retail collapses and Brexit gloom.