House of Fraser will live to fight another day. Despite doubts around its CVA plan, creditors voted in favour of it on Friday which means it will now close 31 stores, reducing its size by more than half in the process.
Fashion chain Esprit issued a profit warning on Thursday based on a preliminary review of its management accounts. The group expects to end the financial year 2017/18 with a loss of 2.27bn Hong Kong dollars (US$289m).
The mega-sized Brent Cross mall upgrade is being delayed with work that had been due to start next month now expected to begin only in January, it emerged this week, so the opening date won't be until 2023
The UK Parliament is to look at the social and environmental impact of fast fashion with a committee examining issues such as carbon footprints, resource use and the water footprint of clothing during its lifecycle.
Chinese internet giant Tencent will only take its social networking platforms, music and gaming services to an international audience if it believes there is a gap in the market it can fill, a senior said on Thursday.