By: Felix Armstrong

Retail Reporter Felix Armstrong is City AM's retail reporter, covering retail, hospitality and property news. He has previously written for The Times, The Guardian, The Telegraph and The i Paper. Email Felix at Felix.Armstrong@cityam.com

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Adidas, Calvin Klein and Uniqlo ads banned for greenwashing

June 24, 2026

Fashion giants Adidas, Calvin Klein and Uniqlo have been rapped as part of a major probe into corporate greenwashing in adverts. Each of the retailers has had online adverts banned by the Advertising Standards Authority (ASA) for using the term “recycled” in a misleading way. The bans came as part of a major crackdown by [...]
‘Dispiriting’: Ministers speed up crackdown on Shein and Temu – by just six months

June 23, 2026

Retailers have criticised the government for failing to move fast enough on closing a tax loophole that they say favours fast-fashion importers like Shein and Temu. High street businesses had been urging the government to bring forward its planned end to the “de minimis” regime, which exempts imports worth less than £135 from paying tax. [...]
EU airport chief: ‘I don’t know how we’ll cope’ with new border system

June 23, 2026

Europe’s airport chief has warned that he “doesn’t know” how the continent’s airports will “cope” with the huge delays caused by a new EU border system as the holiday season looms. Stefan Schulte, president of European airports trade body ACI Europe, told an industry event in Prague: “Passengers are queuing for hours at peak traffic [...]
TG Jones backs down from clash with landlords in bid to save stores

June 23, 2026

TG Jones has been forced to offer a string of concessions to its landlords after proposals to slash rent in a bid to avert the collapse of hundreds of former WH Smith stores. The retailer, formerly the high street arm of WH Smith, has convinced FTSE 100 landowner British Land to drop its opposition to [...]
Frasers bid for Hugo Boss ‘more compelling’ amid turnaround

June 23, 2026

The €2bn bid for Hugo Boss launched by Mike Ashley’s Frasers Group has become “more compelling” as the German fashion house’s near-term outlook softens, analysts have said. The takeover offer, tabled by the FTSE 250 firm earlier this month, proposed to exchange €38 per share for the equity in Hugo Boss it does not already [...]
Royal Mail boss pay soars to £7m despite profit slip

June 23, 2026

The boss of Royal Mail’s owner has seen his pay packet almost triple to £7m in the same year that profit at the firm fell by almost a fifth. Martin Seidenberg, chief executive of International Distribution Services (IDS), saw his total pay packet jump from £2.1m last year to £6.9m in the year to March. [...]
Easyjet investors call for £600m more from US bidder

June 23, 2026

Easyjet investors have said they are holding out for at least £600m more from Castlelake, the US private equity firm whose bids have been brushed off by the budget airline. Shareholders in the FTSE 250 firm said that they would not consider a takeover offer unless the offer reached at least £7 per share, valuing [...]
‘Not all sunlit uplands’: Pub bosses weigh in on whether Brexit leaves a bitter taste

June 23, 2026

A decade on from the referendum, has Brexit left a bitter taste? The bosses of the UK’s biggest pub firms have their say Notoriously outspoken, the bosses of the UK’s leading pub brands are usually shouting about the same thing: the tax and regulatory burden threatening watering holes across the country. But, on the anniversary [...]
UK risks becoming ‘dumping ground’ for Temu and Shein, retailers warn

June 23, 2026

The UK risks becoming a “dumping ground” for online fast-fashion giants like Shein and Temu once a European crackdown on those firms comes into effect, leading retailers have warned. High street firms including Primark and Accessorize told City AM they risk facing tougher rivalry from foreign fast-fashion sellers if the UK does not clamp down [...]
David Lloyd gyms limbers up for £4bn London float

June 22, 2026

The owner of David Lloyd gyms is considering a £4bn London listing in what would be a major boost for the capital’s stock exchange. TDR Capital, which also owns Asda, is eyeing up the initial public offering (IPO) despite a dearth of high-profile listings in recent years, City AM understands. The private equity firm snapped [...]

Oxford Street pedestrianisation brings ‘staggering’ shopping boost

Women’s football doesn’t need to become men’s football to succeed

The Capitalist: City AM reporter gets royal trashing by AI slop

By: Felix Armstrong

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