“Thanks, but no thanks”. That’s the message shopping malls giant Hammerson delivered to Europe-based suitor/predator Klépierre on Wednesday morning after receiving an updated buyout proposal from the French firm.
Fashion helped Tesco's continuing recovery in its latest financial year with its F&F range rising at a steady (if not spectacular) rate after the company refined and rationalised its general merchandise offer.
Asos is going from strength to strength with sales and profits both rising strongly. And product initiatives are paying off, while a new relationship with Estée Lauder should boost it in the beauty arena.
Swiss watchmaker Audemars Piguet is on track to hit 1 billion Swiss francs ($1.04 billion) in global sales this year, the firm’s chief executive said, amid a revival in luxury demand in China driving up watch sales.
Brazilian shoemaker Dass Nordeste on Monday announced plans to raise around 1 billion reais ($300 million) in an initial public offering, joining a handful of companies trying to bring back last year’s momentum.
China’s Ant Financial Services Group is in talks with investors to raise at least $8 billion in its next planned round of funding, for a potential valuing of $150 billion ahead of an expected stock market floatation.
Adidas Outdoor has opened a new sales-focused office in Golden, Colorado to serve its Rocky Mountain region. The Colorado showroom will house sales reps and support the western market in key sales areas.
House of Fraser is under huge pressure at present and the latest initiative for the chain shows management is thinking both flexibly and globally as it links with its parent to launch premium Chinese brands in the UK.