The lifestyle group reported has that coronavirus-related restrictions led to an 8.4% decline in its holiday 2020 sales. The company has also revealed that Sheila Harrington is taking over as CEO of its flagship brand.
M&S has confirmed that it has bought the Jaeger brand, which had been part of Philip Day’s fashion retail empire. But while the firm is taking over the brand, it’s not buying the label’s store chain and its concessions.
Fred Perry has filed its results for its shorter financial year with ongoing improvement in sales, although margins fell. It also highlighted a move to quarterly collections and said it's in a strong cash position.
British lawmakers approved Prime Minister Boris Johnson’s post-Brexit trade deal with the EU on Wednesday, as both sides looked to begin a new chapter of relations just days before their divorce becomes a reality.
The lawsuit against the company's parent Alphabet Inc follows years of complaints that it and other big tech firms including Facebook and Amazon use their massive market power to smite competitors in pursuit of profits.