Apparel maker Perry Ellis International said on Tuesday it had ended talks to be bought by fashion accessories maker Randa, backing an offer by its second-largest shareholder and founder George Feldenkreis.
PwC should have flagged significant doubts over the future of BHS in an audit that was completed just days before the loss-making UK retailer was sold for a token one pound in 2015, ahead of its collapse a year later.
A British parliamentary committee has asked billionaire Philip Green to "prove" why he thought retailer BHS could stay in business before it was sold in 2015 for a token one pound, before collapsing a year later.
Sequoia Capital China is teaming up with a state-owned venture capital (VC) fund and e-commerce powerhouse JD.com to raise up to 40 billion yuan for a new investment firm to focus on late-stage tech investments.
The purchase by Sports Direct of department store group House of Fraser drew a cautious response from analysts on Monday, with some saying the deal could backfire on Mike Ashley, the sportswear retailer's founder.
Japanese discount retailer Don Quijote Holdings Co Ltd said it would be interested in buying Seiyu if Walmart Inc puts the Japanese supermarket chain up for sale, as it expands its presence in the domestic market.
Urban Outfitters, American Eagle Outfitters and other retailers are filling stores with styles from the 1990s in a bet that fanny packs, chunky-soled sneakers and high-waisted “mom jeans” will lift back-to-school sales.
The pensions of 9,000 employees of collapsed UK retail chain BHS were secured on Sunday after a specialist insurer announced an insurance buyout of the firm's 'BHS2' scheme covering 800 million pounds of liabilities.
Adidas has taken an impairment charge on its struggling Reebok brand, but said the retrospective accounting move would have no impact on its 2018 results as it reported a better-than-expected second quarter.