The Arcadia administrators have reportedly put a price of around £200 million on its star chain Topshop, with attempts to get a deal signed pre-Christmas. That could mean initial bids being filed within the next week.
Supermarkets giant Tesco said it’s repaying the £585m worth of business rates relief it received as part of the retailer support offered during lockdowns this year. Rivals Sainsbury's and Morrisons then did the same.
Indian garment factories producing goods for major UK retailers are again in the news for exploiting workers and paying "shockingly low" wages, according to the ActionAid charity and a related probe by the BBC.
Beauty specialist Warpaint London said on Tuesday that the sale of its products in Tesco and Wilko stores has gone well so far with further Tesco expansion planned and the Wilko deal beating sales expectations.
Walmart Inc is selling a majority stake in Japanese supermarket chain Seiyu to investment firm KKR and e-commerce company Rakuten for over $1 billion, after years of struggling to make money amid stiff competition.