Hudson’s Bay has agreed to sell about half of its European business to Austria’s Signa Holding in a deal that will bring together two major German department store chains, according to media reports on Wednesday.
The company announced that Future Lifestyle Fashions Limited has agreed to subscribe for up to a 29.9% stake in Koovs in a ‘transformational’ deal that will help it raise cash and reach more customers.
With an audience full of rappers and influencers, Virgil Abloh's first show for Louis Vuitton turned heads in Paris – it also confirmed a new strategy for the label, with two designers targeting quite different markets.
A deal between Carrefour and Tesco to team up on global purchasing will help them not only cut prices but also expand their own-label ranges, tightening a squeeze on major brand producers such as Nestle and Kraft Heinz.
UK beauty chain Superdrug is riding high on the back of its Love Island sponsorship with full-year profits and sales both rising and the company seeing continued growth momentum in important product categories.
After all the excitement around its Roger Federer announcement died down on Monday, Tuesday brought more sobering news for Uniqlo. The company announced that like-for-like sales fell last month in its local market.