Johanna Lightfoot has joined UK fashion chain Topshop as its new head of merchandising, moving from Ralph Lauren, which she only joined last year. She becomes the latest in a series of luxury sector hires.
Sainsbury's has announced that it will buy Asda with the latter's owner Walmart taking a big stake in the combined firm. And both chains will continue, which means the Tu Clothing and George lines will carry on too.
The e-commerce giant Flipkart has filed a police complaint against MRPL which supplied various fashion products to the platform and has accused the business of fraud and breach of trust among other offences.
Two major Wall Street brokerages were the first to value Amazon.com Inc in excess of $1 trillion (725 billion pounds) on Friday after another set of blockbuster quarterly results for the online shopping behemoth.
The Portland, Oregon-based sportswear group reported on Thursday higher-than-expected sales growth in Q1 2018, driven by strong progress in the company’s global direct-to-consumer channel and modest wholesales gains.