Troubled womenswear giant Gerry Weber said late Monday that it has reached “a milestone for securing the company's future,” with a new deal under which it will be fully taken over and existing shareholders will exit.
The Brazilian cosmetics group announced on Friday that it has appointed Ian Bickley, ex-president for global business development and strategic alliances at Tapestry (formerly Coach) to its board of directors.
Raen is expanding directly in Europe with the formation of a new European division, Raen Optics GmbH, or Raen Europe. Christian Grund, founder of Raen’s former European eyewear distributor, Eyegents, will lead the geo.
Steinhoff said on Thursday that around 90% of creditors for several subsidiaries supported an agreement to hold off debt claims for three years, an important step in restructuring the scandal-hit South African retailer.
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.