Kraft Foods Group has announced chairman John Cahill will expand his remit to chairman and chief executive, succeeding current chief executive Tony Vernon, who has announced his intention to retire from his role.

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Apple have responded to claims made by a BBC investigation into Chinese workers conditions, with chief executive Tim Cook ‘deeply offended’ by the report.

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Private equity firm Irving Place Capital has approached ethical US clothing manufacturer American Apparel over a buyout, according to sources cited by The Wall Street Journal.

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Retail News - Credit and debit card fees capped by EU

It has been agreed by the European Union governments that a cap should be placed on the fees that retailers pay in order to process transactions made by credit and debit card, in an effort to lower costs for customers.

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Retail News - Accessorize to provide personal service via e-reciepts

Monsoon Accessorize has begun to use multichannel data sources from online and bricks-and-mortar shoppers to create personalized offers for email receipts – and is the first UK high street store to do so.

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Retail News - Nike reports 18% Q2 revenue boost

Nike has reported strong consumer demand for the quarter ended 30 November 2014, with revenue growth also performing well.

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Retail News - Louis Vuitton opens at Heathrow Terminal 5

The first European airport Louis Vuitton branch has opened at Heathrow Terminal 5, along with the launch of the new Cruise collection.

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Retail News - Amazon and Macmillan strike deal

A deal has been struck between Amazon and Macmillan regarding the sale of books and e-books – the most recent partnership between the e-commerce brand and publishing house, after issues were raised over e-book profits.

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Barack Obama has heralded a “new chapter” in US – Cuban relations after the American President announced plans to normalise its diplomatic and economic relationship with the Caribbean island.

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Retail News - Andy Clarke to be new president of IGD

The chief executive of Asda Andy Clarke is planning to take on the role of president of IGD – the grocery and food training and research charity.

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