In a first for South Korean investment in the UK, an investment group has acquired a retail park in the West Midlands for £175m, despite the generally unfavourable atmosphere for the UK bricks and mortar retail sector.
A key monthly UK retail report for June seems to show that British shoppers are still turning away from physical stores and that a slight recovery seen in June in year ago was just a flash in the pan.
Charo Izquierdo, director of MBFW Madrid and the fashion weeks at Ifema, including Momad Metropolis and Momad Shoes, recently arrived in the capital with the goal of creating collaborations and improving quality.
Abercrombie & Fitch has entered into a global partnership with Sbe, the lifestyle and hospitality company behind nightclubs, hotels and restaurants such as SLS Hotels, Mondrian, Umami Burger and Doheny Room Skybar.
M&S shareholders shouldn't be too concerned about its financial results in the next two years as those numbers aren't that important to the clothing and food retailer's future, its new chairman told them on Tuesday.