Amazon.com Inc Chief Executive Officer Jeff Bezos offloaded $990 million worth of shares in the company last Thursday and Friday, taking the total value of shares sold last week to $2.8 billion (£2.3 billion).
A special panel of Hudson’s Bay Co reviewing a C$1.74 billion take-private bid, proposed by Chairman Richard Baker and a group of shareholders, said the offer was inadequate based on an initial analysis.
Amazon said on Friday it would pass on the cost of a new French digital tax to consumers and business partners, warning that the measure could make it harder for some small businesses in France to compete.
The chain store is celebrating 20 years of high-end designer collaborations next month, by rifling through its archives to curate a limited-edition selection of 300 products that will be re-released to shoppers.
Requests from successful retailers for rent reductions could fall on deaf ears as far as shopping malls giant Intu is concerned. Its CEO said it won't bow to demands to cut rents as businesses seek a level playing field.
The renowned photographer will hold an exhibition of his favourite works in Milan from Oct.18, 2019, to Feb. 24, 2020. Entitled "From Portraiture to Fashion," it will be staged at the 29 Arts in Progress gallery.
President Donald Trump’s threat to impose 10% tariffs on the remaining $300 billion of Chinese imports from Sept. 1 will hurt consumer purchases, raise prices further and limit hiring, retail groups warned on Thursday.