Two key executives who helped to shape UK retail died in the last few days. Paul Myners was the former chairman of M&S and Landsec and John Sainsbury was the driving force behind the supermarket chain for 23 years.
Stuart Rose has been appointed chairman of UK supermarket giant Asda as of next month. The UK retail veteran, who stepped down as chair of Ocado earlier this year, will lead the board’s search for a new chief executive.
New Look has won a crucial court fight, defeating a landlord challenge to its company voluntary arrangement with the landlords feeling they were unfairly treated by last year's CVA process for the retailer.
Fashion retailer New Look is set to come face to face with its major landlords in a High Court battle over its rent restructuring plans. Observers say the outcome could have major implications for high street retail.
Shares in struggling British shopping centre operator Intu Properties Plc jumped more than 20% on Monday after a report that private equity firm Orion Capital Managers was considering a buyout of the company.