Good morning. In the news today, The Times reports that the company behind Yates’s, Walkabout and Slug and Lettuce has agreed to buy Ei Group in a £3 billion deal.
Also in The Times, online retail giant Asos lost almost a quarter of its value yesterday after a bungled warehouse overhaul knocked the online retailer’s sales growth off course.
Antiques and second-hand clothes help retail to grow
Lidl swoops as Waitrose closes stores
Regulator to police estate agents
Eve Sleep warns on sales after cutting losses by half
WeWork founder Neumann raised $700m through share sales and loans
Debenhams seeks £50m to ease Christmas trading period