The dual chief executives of Prada are being investigated for alleged tax evasion by the Italian authorities.Miuccia Prada and Patrizio Bertelli are being examined over "the accuracy of certain past tax filings by them as individuals in respect of foreign-owned companies", Prada said in a statement. It also emphasised that...
Consumers have another three years of low wage growth, according to forecaster the EY Item Club.The report said that annual wage growth is likely to stay below the rises of up to 5% seen before the financial crisis began in 2008, leading to slow consumer spending growth."Total household incomes have...
Air France pilots have ended a two-week long strike that was costing the airline hundreds of millions of Euros, despite not having agreed a deal with the airline.A spokesman for the pilot’s SNPL union said that the strike had been ended in order for negotiations to continue in a “calmer...
As of next month House of Fraser will be introducing its click-and-collect service to a Caffè Nero coffee shop.The tie-up will make its debut on October 16th at a Caffè Nero store in Cambridge.The ground floor will have the look and feel of a Caffè Nero but tablet devices will...
Sainsbury’s has announced it has lowered thousands of its prices in the food business as it plans to focus on beating Asda’s Brand Match price comparison.The move comes as the big grocers continued to be hit by the massive structural change in the food sector. Sainsbury’s shares declined from 16.6%...
John Lewis sales rose by just 2% last week due to the warm weather across the UK deterring shoppers from purchasing new autumn clothing.Barry Matheson, John Lewis director of retail services, said: “With the recent warm weather and temperatures up to 25°C customers were not in the mood just yet...
John Lewis has appointed Sienne Veit to become its director of online product.The newly created role will allow Sienne Veit to be accountable for the development of the retailer's online customer experience across all channels.Online director Mark Lewis said: “I'm delighted that Sienne will be joining the online team as...
The supermarket retailer Asda has launched a line of plus sized clothing in a bid to become one of the cheapest plus sized ranges on the high street.The collection consists of 35 pieces. The new collection can allow customers to easily purchase a whole new outfit for less than £50.Not...
Victoria Beckham has opened her first-ever store at 36 Dover Street in London's Mayfair.The store will sell five different Victoria Beckham collections which are Victoria Beckham ready-to-wear, Victoria Beckham, Accessories, Eyewear and Denim. The three-storey Mayfair space, which has been designed by London-based architect Farshid Moussavi, features four metre wide polished...
Pub and restaurant group Spirit has rejected a takeover offer from Loch Fyne and Hungry Horse owner Greene King.Spirit said that the offer “undervalues” the company and does not reflect the “attractive prospects” for its future.Greene King confirmed that it had approached the board of Spirit in relation to a...
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