Bloomberg Next Plc has struck a deal with the insolvency administrators of Made.com Group Plc to buy the collapsed online furniture retailer for $3.9 million. Made.com confirmed it’s entered an insolvency process and has appointed PwC as administrator after struggling for survival for months amid falling demand and surging inflation. Next, which sells clothing and homewares, confirmed that it ...

  Bloomberg Britain’s surging inflation is squeezing profit margins at Marks & Spencer Group Plc’s (M&S) food division as the premium supermarket chain absorbs some cost increases to maintain sales. The business, which has been the company’s growth driver in recent years, was faced with 11% inflation in its cost of goods in the first half, while its online joint ...

  Bloomberg Skymark Airlines Inc plans to modernise its fleet by adding as many as 12 Boeing Co. 737 Max jets, while the once-bankrupt discount carrier will also list on the Tokyo Stock Exchange next month. The airline intends to order four Max aircraft and lease six more, it said in a joint statement with Boeing. It will also have ...