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JD.com eyes The Very Group acquisition for UK expansion, Sky News reports

Chinese e-commerce company JD.com is evaluating a potential 2 billion pound, or 2.70 billion dollars, acquisition of the British online retail platform The Very Group, according to a report by Sky News on May 22, 2026. The move marks the latest initiative by the Beijing-based firm to expand its footprint within the UK digital commerce sector....

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Fashion

Kearney Report: Luxury sector shifts to stabilisation, not decline

Kearney’s latest '2026 Global Luxury Industry Outlook' report suggests the global luxury sector is moving into a period of stabilisation instead of a decline, as brands address slower growth, shifting consumer expectations and continued economic uncertainty. The consultancy firm forecasts luxury market growth of 2 to 4 percent in 2026, below...

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