Tokyo

Today’s news in brief-7/4/25

US President Donald Trump has defended his newly announced tariffs, describing them as necessary “medicine” to address trade imbalances. Speaking…

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Matalan adds over 25 new brands to online offering

Matalan has added over 25 new third-party brands as part of its efforts to improve the choice quality products on…

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Ocado to open third CFC with Aeon

Ocado has announced the continued expansion of its partnership with Aeon with plans to construct a third Customer Fulfilment Centre…

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Today’s news in brief-17/1/24

In a surprising turn of events, inflation in December exceeded economists’ predictions, rising to 4%, contrary to the forecasted decrease…

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Uniqlo files suit against Shein for ‘copying’ viral shoulder bag

Uniqlo is reportedly suing Shein over claims that it has copied its viral “Mary Poppins” shoulder bags, the BBC has…

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Ocado restates FY23 guidance despite increased losses

Ocado has restated that it has full confidence in its FY23 guidance despite posting losses of £289.5m for the half…

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SoftBank offloads THG stake to founder Matt Moulding

Tokyo-based investment management company, Softbank Group, has reportedly offloaded its entire stake in the UK ecommerce company THG, after its…

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Ikea to open in former Topshop Oxford Street site

A new Ikea store is set to open its doors in the heart of London with a new location at…

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LVMH names Nigo artistic director at Kenzo

Moët Hennessy Louis Vuitton (LVMH) has named Japanese fashion designer and DJ Nigo as the new artistic director of Maison…

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Ikea retail sales jump 5% in full-year results

Furniture retailer Ikea has reported a 5% increase in retail sales to €36.7bn (£32.5bn) for the year ended 31 August…

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