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Brewing giant AB InBev has agreed the sale of its European lager brands Peroni and Grolsch as well as London’s Meantime Brewery to Japan’s Asahi to stem competition concerns in the wake of its takeover by SAB Miller. In a statement, AB InBev said: “The acquisition by Asahi of these premium...

Over 70 stores let to M&S are to be sold by landlord Topland Group for approximately £500 million, although the retailer is not expected to vacate the properties if and when ownership is transferred. The stores were originally sold by M&S 15 years ago in order to raise £348 million capital,...

Café chain Pret a Manger has said that strong demand for its vegetarian options helped sales to rise 13.9% last year to £676 million in 2015, with like-for-like sales up 7.5%. The chain, which recently launched a “not just for veggies” campaign, saw double digit growth in UK sales of...

Lingerie and adult toy specialist Ann Summers has announced that its four Irish stores, are back in the black. Figures show that the company, which launched in Dublin 17 years ago, totalled EU149,269 profit in the 12 months to the end of June 2015 in comparison to a pre-tax loss in...

Fashion retailer Primark has announced its debut store in Italy – the first of three stores planned for the country in the next year. The new store will be based in the II Centro shopping centre in Arese, Milan and will cover 56,000 sq ft and employ 400 members of staff. Paul...

Designer brand Jack Wills has announced that it will open its first outlet store in London at Wembley Park's London Design Outlet (LDO) at the end of the month. Jack Wills was founded in Devon in 1999 and now trades in over 80 stores across the globe including the UK, US,...

Online fashion retailer Boohoo has announced the appointment of Sarah Murray to its board as a non-executive director. Ms Murray was previously founder of Inspop Ltd, owner of Confused.com, the online insurance marketplace before it was sold to Admiral Group and Buddi, a remote health and location monitoring technology business....

A number of key Japanese companies have suspended operations after a second powerful earthquake hit the country in the space of a week. Electronics giant Sony, as well as car manufacturers Toyota and Honda have suspended manufacturing in the wake of the quakes, which are thought to have killed at least...

Fashion retailer Abercrombie & Fitch has announced it has hired Ashely Price as senior vice president and creative director of marketing. Ms Price brings a lot of experience having been senior vice president at J Crew, overseeing all divisions of the company such as Crewcuts, Madewell and J Crew. Reporting to Abercrombie...

Michael Sharp, CEO of Debenhams, the second largest department store in the UK, has confirmed his resignation as the company reported a 5.5% increase in its first-half profits. Mr Sharp will continue to act as chief executive until a successor is announced. Latest figures for the company show that underlying pre-tax...