Robert DeBaker
The News in Brief

Outdoor clothing retailer Patagonia Inc has settled its lawsuit accusing Gap Inc of illegally copying the “iconic” snapped flap pocket that the company has long featured on its fleece outerwear.



Asos, the British online fashion pioneer valued at more than £7 billion ($8.8 billion) just over two years ago, has been relegated from the FTSE 250 index of mid-sized companies, illustrating the sharp decline in its fortunes.







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