Sa Sa International Holdings Limited announced its final results for the year ended 31st March 2020.…
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JD.com partners with livestreaming platform Kuaishou
Is livestreaming the future of e-commerce?…
Frasers Group acquires 5.1% stake in Hugo Boss
Frasers Group has taken a 5.1% stake in German fashion house Hugo Boss through stocks and derivatives.…
Australia’s Super Retail Group to raise $203m in funds
Super Retail Group said it plans to raise $203 million in funds in a bid to boost its online strategy and overall business in 2020.…
Diane von Furstenberg to reduce footprint and go digital
New York-based brand Diane von Furstenberg will be shifting its retail strategy following uncertainty due to the coronavirus as well as declining sales over the years.…
Brooks Brothers considers bankruptcy
Brooks Brothers is talking to banks about raising financing for a potential bankruptcy that could come as soon as July, as the coronavirus pandemic squeezes the sales of the two-century-old retailer, …
Moncler expands into perfumes by partnering with Interparfums
Moncler SpA and Interparfums SA announce to have signed an exclusive and worldwide license agreement for fragrances which will last until 31st December 2026, with a potential 5-year extension.…
Simon Property Group terminates acquisition of Taubman Centers
Simon Property Group, Inc. announced that it has exercised its contractual rights to terminate its 9th February, 2020 merger agreement with high-end mall owner Taubman Centers, Inc.…
Inditex to reduce its footprint and focus on digital
The owner of Zara Inditex announced that the year-on-year contraction in sales was limited to a 44% decline to US$3.7bn during the first quarter of 2020.…
J.C. Penney reportedly in sale negotiation talks with Sycamore Partners
Retail private equity firm Sycamore Partners has entered into early sale negotiation talks with struggling U.S. department store chain J.C. Penney.…