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From July 2026, buy now, pay later will fall under Financial Conduct Authority regulation, ending its long-standing exemption.
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UK retail sales rebounded in January, reversing the weak momentum seen in December as consumers waited for seasonal discounts before making purchases.
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Ron Sargent, who has served as interim CEO since March 2025, will continue as chairman of the board and is expected to support the handover.
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The US-based furniture and mattress retailer said the rollout will raise its store total to 30.
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The company will separately invest $100m for a 15% stake in Getir’s grocery, retail and water delivery operations.
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Courtois has been appointed chair and CEO of Parfums Christian Dior and of the group’s beauty division while continuing to lead the Dior fragrance house.
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