South Africa approved Wal-Mart's $2.4 billion bid for control of retailer Massmart with minimal conditions on Tuesday, giving the world's top retailer a big boost in its plan to expand in fast-growing Africa.
Woolworths Ltd , Australia's largest retail chain, said Chief Executive Michael Luscombe will retire on Sept 30 and Grant O'Brien, the firm's Chief Operating Officer for food and petrol business would succeed him.
South African retailer Massmart, in which Wal-Mart wants to buy a controlling stake for $2.3 billion, said on Thursday a government request for Wal-Mart to use mostly domestic suppliers would hurt business.
Clothing retailer J Crew Group Inc violated its settlement of a shareholder lawsuit over its proposed takeover by private equity firms TPG Capital TPG.UL and Leonard Green & Partners LP, a lawyer for the investors said.
Among the 12 winners in last night's ceremony, Phoebe Philo collected the prestigious award of British Designer of the Year. Also winning an award was Alexa Chung who, decided entirely by public vote, was given the Br...