Image copyright Getty Images Brooks Brothers, one of America’s oldest clothing brands, has become the latest US retailer to file for bankruptcy protection. The menswear company, which is more than 200 years old, sought court protection from creditors on Wednesday while it looks for a buyer. It had already shut some stores and prepared to close its US factories. Known… Read more →
Image copyright Getty Images Image caption Reports of price-gouging have involved hundreds of businesses, the CMA says The UK’s consumer watchdog has asked the government to bring in emergency laws to stop retailers profiteering during the coronavirus pandemic. The Competition and Markets Authority said it had written to “hundreds of businesses” charging inflated prices for products such as hand sanitisers.… Read more →
Image copyright Reuters Image caption McDonald’s has closed all its outlets in the UK McDonald’s is in talks with some of its landlords in the UK about cutting rent payments as the fast food chain prepares to reopen some of its sites. Businesses face their next quarterly rent bill on 24 June when they are due to pay for the… Read more →