~theguardian-world | Bookmarks (2)

New owner Frasers Group decides it is unwilling to fund turnaroundThe luxury clothing retailer Matchesfashion is to enter administration after its new owner, Mike Ashley’s Frasers Group, said it was not willing to fund a turnaround.Matches was acquired by Frasers just three months ago for £52m in cash from private equity firm Apax Partners but the business has “consistently missed its business plan targets”...

Customs officials reportedly charge actor €35,000 after alleged failure to declare item intended for climate charity auctionArnold Schwarzenegger was briefly held by customs officers at Munich airport on Wednesday after allegedly failing to declare a €26,000 (£22,000) Audemars Piguet watch the Terminator star was planning to sell at an auction in aid of his climate crisis charity.The Austrian-born actor and former governor of California,...