Loro Piana has announced the winners of the sixth edition of its international Knit Design Award competition. The winners were students Po-Chieh Chiu and Shanon Poupard from the Institut Français de la Mode, Paris.
Britain is becoming a more closed economy due to Brexit, with bad long-term implications for productivity and wages to leave the average worker £470 a year poorer by the end of the decade, a study said on Wednesday.
Soaring food prices pushed British consumer price inflation to a 40-year high of 9.1% last month, the highest rate out of the Group of Seven countries and underlining the severity of the cost-of-living crunch.
The billionaire whose family controls Primark’s parent company has poured cold water on the idea that its newly-announced trial of click & collect services could lead to an eventual full offer online.
Retail stalwart Stuart Rose has joined business leaders in calling on the government to act on the cost of living crisis and rocketing inflation. The Asda chairman has urged ministers to help struggling households.
Primark had big news on Monday and no, it wasn’t that trading is going well (which it is). It was that the company is working on a UK launch of a trial Click & Collect service for the end of this calendar year.
Asda backer TDR Capital has poached eBay European boss Rob Hattrell. He joins the private equity firm as a partner from September. The news coincides with Asda saying its chief customer officer Meghan Farren is leaving.
N Brown began Thursday’s trading update with the positives. Citing its position as “a top 10 UK clothing & footwear digital retailer” the group said it saw continued growth in strategic product revenue.
London’s commercial property industry has hit back at a claim landlords are turning a “blind eye” to candy stores along Oxford Street. The claim comes after Westminster City Council launched a probe into 30 stores.