GGP Inc , one of the largest owners and operators of U.S. shopping centres, has rejected a $14.8 billion buyout offer from its biggest shareholder, Brookfield Property Partners LP , sources said on Sunday.
Sun Art Retail Group, China’s top hypermart operator, said on Friday its stores will use Alibaba's software solutions and online transaction data to improve business efficiency, sending its shares up 5 percent.
With every luxury brand executive racing to build a digital empire, it’s refreshing to sit down with Bruno Pavlovsky of Chanel; whose main focus for next year will be bricks and mortar, and live events.
Steinhoff shares plunged another 50 percent on Friday, before recovering as traders booked profits on short positions taken out after the South African retailer disclosed accounting irregularities earlier this week.
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%.
A Sears Holdings Corp investor on Thursday asked the struggling retailer to consider options including going private and investigate what it called an “unusually high volume” of short-selling in the company’s shares.
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.
Ariana Grande is an undisputed pop princess, but new figures show that she is also an exceptionally talented fragrance designer, with her range achieving global sales of $150 million in the space of just two years.
As the UK prepares for Brexit it seems that ‘made in Britain’ remains an aspirational label for domestic shoppers as well as for those in the US, while Burberry and M&S score highly in UK brand perception.
Canadian yoga and leisure apparel maker Lululemon Athletica on Wednesday reported a higher-than-expected profit and gave an upbeat holiday-quarter forecast, sending its shares up nearly 7 percent in after-hours trading.