UK retailers are urging strong government action as they deal with the Leicester garment factory scandal. The main company in the spotlight, Boohoo Group, and others are calling for a factory licensing system.
As the new owners of TM Lewin continue to seek new deals for its retail stores, a report has suggested the company could consider a pre-pack administration in order to allow it to close as many of the shops as possible.
Amazon is losing its UK head with Doug Gurr to become the director of the Natural History Museum. It’s a surprise move on the surface with the exec having been at Amazon for nine years, and previously working at Asda.
The optimism surrounding the sale of British menswear brand TM Lewin back in May seems to have been tempered by the new owner telling landlords that most shops could be shut if they don't offer attractive rent deals.
British supermarket group Asda got a sales boost in the first quarter from consumers stocking up before the coronavirus lockdown but it also highlighted that 90% of its shoppers now fear an economic depression.
TM Lewin has been bought by SCP Private Equity, which wants to build a portfolio of British brands that will sell well globally. Asda's ex boss, who's currently chairman of C&A, is on board, as is an ex-Harrods MD.