A £3.4 billion takeover of British shopping centre operator Intu Properties by bigger rival Hammerson has been formally scrapped after Hammerson was freed from its obligation to hold a shareholder vote on the deal.
South Korea's Lotte Shopping said on Thursday that it has agreed to sell one of its six operators of hypermarket and supermarket stores in China to Wumei Holdings for about 248.5 billion won (165.08 million pounds).
The Miami-based apparel group announced on Wednesday that it has entered into a license agreement with Rosega S.A. for the design and distribution of men’s dress shirts under the Manhattan brand in Argentina.
A recent NRF and IBM study suggests that while Gen-Zers favor brick-and-mortar, retailers who fail to integrate online and mobile services with their physical stores may be missing the mark with this key demographic.
While the mini heatwave drove sales upwards at many UK stores last week, it couldn’t tip the John Lewis department store chain into positive figures in the seven days to April 21, but summer clothing still outperformed.