L Brands, owner of Victoria's Secret, has announced that it will sell a 100% stake in lingerie brand La Senza to an affiliate of private equity firm Regent LP. The transaction is expected to be completed in January.
The Victoria's Secret Fashion Show has hit a record low in TV ratings, with this year's show garnering an audience of 3.27 million, compared to last year's total of 5.37 million; the spectacle's then-rock bottom.
Geox, the techy Italian footwear giant, and Dragon, the Formula E team owned by media investor Jay Penske, have signed a strategic long-term agreement that will result in the race car changing its name.
Uniqlo is continuing its global rollout and on Monday announced plans to enter the Italian market in 2019. Next autumn, it will open its first store in Milan, on Piazza Cordusio, in the heart of the historical city.
A report has suggested Arcadia is looking to close around a third of its 500 leased UK stores, joining the wave of UK retailers trying to downsize their store estate as online shopping continues to soar.