Giorgio Armani, the proud owner of several major yachts, is to design a new Admiral superyacht for a mystery client, working with the Italian Sea Group to build the motor craft, which will be 72 meters long.
Long seen as a bellwether for the health of UK clothing retail, Next will post its annual trading figures on 1 April. And although they're expected to reveal slashed profits last year, the outlook's far from gloomy.
US Trade Representative Katherine Tai has said she was maintaining the threat of US tariffs on goods from Austria, Britain, India, Italy, Spain and Turkey in retaliation for their digital services taxes.
Property giant Grosvenor Group has sold a further 10% stake in multinational retail real estate company Sonae Sierra to Sonae SGPS for Є82 million. Sonae Sierra owns 27 shopping centres in Europe and South America.
March was bad, April is expected to improve. That, in essence, sums up the latest sales report from the Confederation of British Industry (CBI) showing exactly what you already knew and probably expect for UK retail.
With the easing of lockdown for non-essential retail not due to start until April 12 for much of the UK, Easter is expected to see a shopping decline for the second year running, according to the analysts at GlobalData.
The grave state of physical retail, and fashion retail in particular, surfaced Wednesday as a report showed over 11,000 UK stores disappeared last year. Darker still, a further 18,000 stores could close this year.
There has been widespread condemnation of the UK government’s interim review of business rates with disappointed retail bosses saying the report offers nothing new, especially on the introduction of an online sales tax.
The series of national lockdowns has resulted in significant changes to the way Britons consume goods, including what they buy, the channels they buy through and how they pay, according to new research.