Bira is calling for action on business rates, employment costs, overseas ecommerce, retail crime and high-street accessibility ahead of the Autumn Budget 2026.
The UK retail conglomerate has not confirmed the value of the transaction, though several media outlets have reported it to be £40m.
The Chinese e-commerce company said operating income increased even as net revenues declined 2.9% to 346.40bn yuan.
Net income came in at a loss of €2.6m, versus a profit of €17.3m a year earlier.
Premier chairman Solomon Lew said discretionary retail conditions had deteriorated in the second half of the financial year.
