Primark's parent company Associated British Foods has cut its ties with auditor KPMG after 80 years, as the conglomerate aims to launch the value fashion retail chain in Italy a year earlier than anticipated. The company is set to hire Ernst and Young to conduct its accounting check following a vote […]

The number of retail administrations in England has fallen by 32 percent in the first half of the year, according to research from business advisory firm, Deloitte. This year the number of collapsed stores fell to 45, compared with 66 seen in the first half of 2014 and less than half of the total of […]

London - Fans of the selfie will be happy to hear that Mastercard is set to begin testing new facial recognition technology that will allow users to verify and complete their online credit card transactions simply by taking a photo of themselves. The company aims to roll out a pilot programme this fall […]

UK’s clothing, shoes and accessories brand Karen Millen is ready to step into India. The company is said to have asked Franchise India Holdings to look for a master franchisee for the Indian market. The brand aims to open around 10 stores in India over the next three years in the bridge to luxury segment. […]

The UK government should do more to encourage international spend, otherwise UK retailers may fall even further behind other top European competitors, warns retail tourism expert Global Blue. Business leaders from the UK retail and leisure industry were summoned to Global Blue's annual forum on Thursday […]

New York - If Emanuel Ungaro hasn't made enough of a name for themselves in the men's wear category, they certainly might now. The brand has begun inking deals with Italian brands in the "premium contemporary" category, and for leather goods. Beginning with the fall 2016 season, Principe SpA will begin […]

The Chancellor used his first Conservative Budget to cut benefits for low-paid employees whilst introducing a National Living Wage which will force businesses to pay them more. However, a number of retail analysts have warned that this new wage may have a "devastating impact" on independent retailers […]

REPORT UK retailers continue to cash-in on prime locations on Bond Street and Oxford Street and are keen to invest in even more property in the shopping area. The number of stores owned by retailers on Bond and Oxford Street has increased 28 percent and 7 percent respectively over the past two years, […]

The Chinese e-commerce giant Alibaba has invested in, China’s leading flash sales platform for luxury and fashion products. Alibaba will profit from's wide selection of luxury brands, especially for its B2C platform, while will be able to enhance its supply chain services […]

US teen retailer Abercrombie & Fitch has been accused of defacing its Grade II-listed Kids store at 3 Savile Row. The fashion chain must pay a fine for painting the interior of the store brown without permission. Westminster Magistrates' Court found the retailer guilty of breaching the conditions of […]

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