Bloomberg In a first step towards determining its fate, Barneys New York Inc has selected a consortium led by Authentic Brands Group LLC as its initial bidder, setting a floor for offers due next week for the bankrupt luxury retailer. The $271 million offer from the Authentic Brands group includes a plan to open Barneys shops in Saks Fifth Avenue ...

Bloomberg UK retail sales held up better than expected in September in the face of the intensifying Brexit crisis. The quantity of goods sold rose 0.2% from August when auto fuel is excluded, the Office for National Statistics (ONS) said. Sales including fuel were unchanged. A buoyant labour market has supported consumer spending through the turmoil since the 2016 referendum. ...

Bloomberg The UK competition regulator has started a review into Amazon.com Inc’s bid to buy a slice of fast-growing food delivery startup Deliveroo, adding to the e-tailing giant’s antitrust woes around the globe. The Competition and Markets Authority (CMA) said on its website it’s investigating the purchase of rights and a minority shareholding in Roofoods Ltd, which does business under ...