The UK government is inviting organisations to apply for funding under a multi-million pound grant scheme to boost recycling of textiles. This could include machinery for recycling textiles, technology for disassembling or sorting textiles, automated processes for removing items such as zips, and technology to sort textiles...
British retail tycoon Philip Green’s Arcadia Group recently announced plans to close 23 of its 566 UK-Irish stores in a major restructuring of the fashion business that may also see its Topshop/Topman stores close in the United States. Arcadia said it had instigated seven company voluntary arrangements...
Metro Bank has raised £375mn ($478mn) to repair its balance sheet, giving the British bank breathing space ahead of a potentially fractious annual meeting tomorrow. The nine-year-old challenger bank’s market value fell more than £1.5bn after disclosing in January it had under-reported the risk of its loan...