British fashion billionaire Philip Green was named by a member of the House of Lords on Thursday as the businessman who used an injunction to suppress the publication of sexual harassment allegations by five employees.
Topshop has taken down an in-store feminist display less than half an hour after it had been put up and the retailer seems to have realised it had blundered as it’s since apologised and made a donation to charity.
A major credit insurer has cut the cover it will give for Arcadia suppliers with Euler Hermes reportedly writing to clients in the past fortnight as the fashion sector sees a wave of credit insurance cuts.
A British parliamentary committee has asked billionaire Philip Green to "prove" why he thought retailer BHS could stay in business before it was sold in 2015 for a token one pound, before collapsing a year later.
PwC should have flagged significant doubts over the future of BHS in an audit that was completed just days before the loss-making UK retailer was sold for a token one pound in 2015, ahead of its collapse a year later.
The pensions of 9,000 employees of collapsed UK retail chain BHS were secured on Sunday after a specialist insurer announced an insurance buyout of the firm's 'BHS2' scheme covering 800 million pounds of liabilities.
Anyone hoping for a trading update from M&S this week has had their hopes dashed with news that the under-pressure chain won’t be giving out the current-trading details that we’ve become accustomed to at its AGM.