Companies
Asda appoints David Potts as chief executive
Asda has named former Morrisons chief executive David Potts as its new chief executive with immediate effect, as Allan Leighton moves to non-executive chairman.
UK retail
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Asda has appointed former Morrisons chief executive David Potts as chief executive with immediate effect, the BBC reports. Allan Leighton, who returned to lead the chain in 2024, becomes non-executive chairman. Potts ran Morrisons for eight years until 2023 and previously led Tesco's Irish, UK and Asian operations.
Asda appoints David Potts as chief executive ↗
Companies
High-street fashion brands borrow luxury tactics to win shoppers back
Gap, M&S, Topshop and Asos are using celebrity tie-ups, instant catwalk drops and AI styling tools to court shoppers, The Guardian reports.
Companies
Poundland files administration notice; Guardian reports rescue bid rejected
Poundland filed a notice of intention to appoint administrators, giving it 10 days of creditor protection, after owner Gordon Brothers rejected a ~£15m rescue bid.