Carrefour said on Tuesday it was confident its overhaul plan was on track, although sales growth slowed slightly in the fourth quarter as weeks of anti-government protests hit hypermarket sales in its core French market.
Epic Rights, a boutique merchandise and branding company with retail licensing partners including 21 Savage, Britney Spears, and the Jimmy Hendrix brand Authentic Hendrix, has been acquired by Bravado.
San Francisco Equity Partners (SFEP) has acquired a majority stake in skincare company Jane Iredale, adding to its list of partner companies including skincare brand Yes To and cosmetics label Japonesque.
Foot Locker, Inc. has made a $2 million investment in Pensole Inc., allowing the footwear company and its vendor partners to foster new talent and gain early access to collaborative design and new manufacturing talent.
Package delivery company DHL will shutter its Chilean e-commerce division in April, plagued by weak results in one of Latin America's most stable and prosperous economies, according to Chilean media reports.
Dutch footwear retailer Leemans Schoenen has filed for bankruptcy. The 124-year old family business, which operates 20 stores and an online store, will remain open while the retailer explores a relaunch.
Upscale Hugo Boss had a good Christmas trading period with the German firm saying its Q4 sales rose and that profits will grow in FY19. It was helped by growth in the UK, France and China, plus its webstore expansion.
South African retailer International Holdings N.V. said on Tuesday a former partner firm of its European operations claims it is owed about 291 million euros (£256.62 million or $331 million) by the company.
The “optimisation” of the French inventory clearance specialist's “geographical footprint,” announced after the recent share capital increase, is under way in Germany, Poland and the UK, sources told FashionNetwork.com.