South African retailer Steinhoff said an independent report had found it had overstated profits over several years in a $7.4 billion accounting fraud involving a small group of top executives and outsiders.
For the first time since its birth in 1907, Neiman Marcus will open a location in Manhattan on Friday, debuting a new range of exclusive digital and physical features at The Shops & Restaurants at Hudson Yards.
With the EU exit deal voted down by MPs, they must now vote on a no-deal Brexit or decide on alternatives, with business left in limbo and the luxury sector dreading the prospect of a multibillion pound loss of revenue.
Phil Branston has joined independent marketplace Notonthehighstreet as its new chief financial officer. He will be in charge of leading and developing the e-tailer’s finance team with a focus on scaling operations.
Mike Ashley is calling for the Debenhams board to be replaced and for a seat at the top table plus an executive role. If he gets his way, he'll step down from running Sports Direct to focus on the department store chain.
John Lewis may have been through a hugely challenging year for general sales and profits but its fashion ops are powering ahead and it has a war chest of £1.5bn that should see it through the tough times to come.