Japanese retailer Muji has been fined 200,000 yuan (£23,445) in Shanghai for using packaging that lists Taiwan as a country, underscoring China's growing sensitivity to how companies refer to the self-ruled island.
M&S had some good news Wednesday as it reported more customers, higher e-sales and improved Clothing & Home margins. But all other figures were poor as it spent heavily to force through the change it desperately needs.
The Colorado-based media conglomerate has announced the appointment of Amazon alum Jeff Yurcisin, QVC vet Mary Campbell, former VF corp exec Aidan O’Meara and Tom Bazzone to a range of executive roles within the group.
It wasn't a great seven days for John Lewis with the week up to and including May 19 seeing its parent company's sales dipping 0.3% to £202.73 million, but the department store chain’s sales falling by as much as 6.3%.
M&S has added experienced non-exec directors to its board as it prepares to deliver its latest results, with more store closures expected and potential demotion from the FTSE100 if its share price falls further.