Costco wholesale corporation acquires minority interest in Costco-Taiwan US-based Costco Wholesale Corporation has purchased 45% minority interest in its joint venture Costco-Taiwan for $1bn, through a wholly-owned subsidiary. The wholesaler now indirectly owns all of Costco-Taiwan. Read more.

Seasalt halts sale process The Cornish-based lifestyle retailer has been looking into a potential sale and has been bringing in investors after seeing a boom in sales last summer. However, the company has now stopped the sale process due to uncertain market conditions. Read more.

Great Cornish Food Store becomes employee-owned Cornwall’s independent Great Cornish Food Store is to become an employee-owned business as it celebrates six successful years since its launch. Read more.

M&S boosts back-to-school brand offering M&S has announced plans to significantly expand its third-party childrenswear offering in stores. The retailer will introduce Clarks to 27 M&S stores, Smiggle to 60 stores, Hype to eight stores and Kickers and Jansport to online platform M&S.com. Read more.

Heal’s unveils plans to remodel London flagship Heal’s has revealed plans for a major transformation of its flagship Tottenham Court Road store, with the retailer set to take over the ground floor and basement space, previously occupied by Habitat. Read more.

Hotter Shoes’ parent Unbound Group launches multi-brand platform Unbound has announced the initial partner brands comprising its new multi-brand apparel and footwear platform, which includes Geox and Skechers. It also said that Hotter has been trading in line with expectations since its quarterly update issued in May. Read more.