After having acquired The Art of Shaving on the 3rd of June, P&G has announced the takeover of New York brand Zirh. This is a further strengthening on the part of the group aimed at men and reveals the extent to which they are banking on developing the men’s products market.
Discount apparel retailer Syms Corp said it expects to close its purchase of bankrupt retailer Filene's Basement Inc. as early as Thursday 18 June. Approval of the sale is subject to a hearing set for 5 p.m. EDT Wednesday 17 June.
British department stores group House of Fraser denied on Tuesday 16 June it was considering selling any of its stores and said it was trading ahead of its expectations, with sales growth in the last 12 weeks.