Canadian retailer Hudson’s Bay Co. has responded to reports that it is selling half of its European business to Signa, confirming that the companies are in talks but denying that a definitive agreement has been reached.
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.
A Dubai-based tech firm has announced an ambitious online mall project with Mall.Global intending to “give traditional e-commerce a facelift by incorporating immersive technologies and operational practices.”
The problems currently being endured by Australian department store operators have come into even sharper focus as upscale retailer David Jones has axed 16 senior staff with its fashion MD having been terminated
Shanghai has a new luxury address, with the opening of Bulgari Hotel Shanghai. Set on the riverbank not far from the city's famous waterfront The Bund, Bulgari Hotel Shanghai is a 48-floor tower that features 82 rooms.
As House of Fraser prepares for one of the most important days in its 170-year history (with its creditors voting on its CVA Friday) the company has released a broad outline of its new product and trade strategy.
Debenhams said this week that it could dispose of certain assets as it seeks to conserve cash and focus more intensely on fixing its core UK business, with analysts saying profitable Magasin du Nord could be sold.
House of Fraser's lenders have thrown it a lifeline with a conditional financing deal that is dependent on its CVA being voted through and on the £70 million cash injection from its future majority owner C.Banner.
The womenswear trade show has announced that it will be hosting an 8-day fashion and beauty pop-up in Miami this July, showcasing more than 30 brands over three floors in the first event of its kind organized by Coterie.