Property giant Unibail-Rodamco-Westfield has announced that it’s to sell Almere Centrum in The Netherlands for €155 million. It has struck a deal with a group of private investors led by the UMB Group.
Amazon has offered to limit its use of seller data and boost the visibility of rival products on its platform in a move that could lead to EU antitrust regulators closing their investigations without a fine.
E-tail giant Zalando said on Monday that it has acquired a controlling stake in Highsnobiety for an undisclosed sum. The two companies will now “join forces to lead the way in engaging and inspiring customers”.
Britain's economy unexpectedly shrank in April, official figures showed Monday, adding to fears of a slowdown three days before the Bank of England possibly unveils another rate rise in response to higher inflation.
Rent the Runway announced on Friday its revenues for the first quarter doubled, on the back of record active subscriber numbers and the rollout of the luxury rental platform's at-home pickup to over 20 markets.
Value fashion and lifestyle retailer Matalan is facing questions from investors over its financing. Two groups of lenders want answers to how the retailer is scheduling debt repayments in the face of economic hardship.