Kurt Geiger – Europe’s largest luxury shoe retailer – was sold for about €240m today to a prominent American fashion business.

British fashion chain Jane Norman was today sold for £117.4m (€170.4m), in the latest deal involving the Icelandic investment group Baugur.

Japanese-style noodle bar chain Wagamama turned its back on a flotation today by agreeing a £63m (€93m) refinancing package.

Electronics retailer Maplin could be sold after it emerged today that talks were taking place over a deal thought to be worth £240m (€356.4m).