Retail Week News

The Works is set to be sold for about £80m after its owners implemented a quick turnaround of the discount bookseller.

Irish department store Arnotts is expected to retain barrister Richard Nesbitt as chairman if the European Commission rules that the Anglo Irish Bank and Ulster Bank can take control of the business..

Luxury brand Chanel has paid a record sum to secure Bond Street premises for a UK flagship store.

Ocado has been given a boost as it has emerged that Fidelity, one of the world’s largest fund managers, has taken a 13% stake in the business.

Next-owned young fashion brand and retailer Lipsy is to broaden its offer by selling third-party brands on its website and in stores.