Counting celebrities and TV personalities such as Holly Willoughby and Jessica Alba among its clients, the Danish fashion brand is set to start a new chapter by opening its first UK store at 36 Beak Street in Soho.
China hopes Britain's exit from the European Union can happen in an orderly way and that the bloc will reduce hurdles to Chinese investment and keep its markets open, China's foreign ministry said on Tuesday.
UK shares were lower on Monday as online fashion store Asos' profit warning dragged retailers lower, reinforcing woes about slow sales during the busy holiday season amid continued caution about Brexit.
Consumer spending fell again last month in the UK, according to the latest Visa UK Consumer Spending Index, compiled by IHS Markit, with clothing & footwear one of the categories suffering the fastest spending drop.
Another day, another profit warning. This time it was budget fashion retailer Bonmarché Holdings serving up bad news with the firm saying its Black Friday trading figures were “extremely poor, particularly in stores”.
The former CEO of M&S and Arcadia has issued a stark prediction for the health of the UK retail sector with Lord Rose saying in an ITV interview that Christmas trading is tough and he expects more failures next year.