Shocked Steinhoff shareholders have wiped more than $12 billion off its value since it revealed “accounting irregularities” and parted ways with its chief executive. Shares plummeted again on Friday by 45%.
L'Occitane en Provence and Pierre Hermé have joined forces for a new cooperative space in Paris. Located at 86 avenue des Champs-Elysées, the new location, which combines beauty and food, opens its doors December 8.
Dutch department store Hema announced higher its first Q3 profit since 2012 for Q3 2017, which it attributed to new European store openings. Net profit came in at €4.6 mn, compared to last year's Q3 loss of €1.6 mn.
The White Company (TWC) said it reached an online sales record in the week including Black Friday and Cyber Monday with the performance helped by a more robust platform. It did not say exactly how much it sold.
The Netherlands’ Hema is making its way to Austria. The retailer announced the opening of two new stores in Vienna, planned for Spring 2018. Additionally, the retailer expects to open 35 new stores worldwide in 2018.
Dutch outdoor chain Bever has landed in Middelburg. The 750m2 store, which officially opens on Saturday, is the first branch in the Dutch province of Zeeland. The shop marks the retailer’s fifth store addition of 2017.
Big news on the mall front in the UK on Wednesday as property giant Hammerson is planning to merge with major rival Intu, which means the bigger group will have stakes in or ownership of 60% of the country's supermalls.