EU state aid regulators will investigate whether Ikea's tax arrangement with Dutch tax authorities helped cut its tax bill, the latest crackdown on unfair tax deals between multinationals and EU countries.
South African retail group Steinhoff , which is fighting for survival following its disclosure of accounting irregularities, said tycoon and major shareholder Christo Wiese has stepped down as chairman.
We may be deep into the Christmas shopping season but John Lewis is struggling to generate notable sales growth with its latest weekly results showing an overall sales rise of just 0.1% to £151.9 million.
Designer Holly Fulton has been appointed head of fashion at the Cambridge School of Visual and Performing Arts and will run its Fashion BA Hons degree, while expanding her own label that she launched in 2009.
Apple Inc Chief Design Officer Jony Ive is returning to day-to-day management of the company’s design teams after handing off managerial duties two years ago to focus on other projects, Apple said on Friday.
Shocked Steinhoff shareholders have wiped more than $12 billion off its value since it revealed “accounting irregularities” and parted ways with its chief executive. Shares plummeted again on Friday by 45%.
Dutch department store Hema announced higher its first Q3 profit since 2012 for Q3 2017, which it attributed to new European store openings. Net profit came in at €4.6 mn, compared to last year's Q3 loss of €1.6 mn.
The White Company (TWC) said it reached an online sales record in the week including Black Friday and Cyber Monday with the performance helped by a more robust platform. It did not say exactly how much it sold.
The Netherlands’ Hema is making its way to Austria. The retailer announced the opening of two new stores in Vienna, planned for Spring 2018. Additionally, the retailer expects to open 35 new stores worldwide in 2018.
MCH Group, which owns exhibitions such as Art Basel and Baselworld, is looking to gain a foothold in the UK and expand its international portfolio as it announces the acquisition of art show Masterpiece London.