Britain's biggest retailer Tesco has agreed to pay 214 million pounds in fines and compensation for investors to settle a probe over a 2014 accounting fraud that sparked the biggest crisis in its near 100-year history.
It was a mixed week for John Lewis in the period to March 25. Total sales fell 4.1% to £81.72m, skewed by the late Easter. But Mother's Day boosted key categories and its new denim lifestyle brand had a strong start.
A suit that was custom made for John Lennon is set to go under the hammer this week. Featuring a gray houndstooth pattern, the woollen suit was worn by the music icon in 1964 while performing with The Beatles.
Menswear specialist Moss Bros had a good 12 months in the period to January 28, even though it faced one of the "most highly competitive" years it has seen. Sales growth slowed but profits and m-commerce accelerated.
Esprit has selected Dutch company Versteegh to handle its fashion jewelry license. For its watch and precious jewelry business, the brand stayed closer to home, selecting the Hong Kong-based TMS group.