Hammerson is selling its UK retail parks to Canadian private equity firm Brookfield for around £350 million, according to one report. However, on Monday, Hammerson said any deal is far from being sealed.
April 12 sees the opening of McArthurGlen’s latest outlet centre with the debut of the £160m Designer Outlet West Midlands. The company said it’s the only standalone shopping centre to open in the UK this year.
China slapped a record 18 billion yuan ($2.75 billion) fine on Alibaba Group Holding Ltd on Saturday, after an anti-monopoly probe found the e-commerce giant had abused its dominant market position for several years.
After parting ways with Reed Expositions France, the Parisian jewellery show’s former organiser, French jewellery industry association BOCI said it is negotiating with two companies to stage its next event.
Swedish group Fenix Outdoor, owner of various outdoor apparel and equipment brands, as well as retail chains in Scandinavia and Germany, reported a 7% slump in sales in 2020, but its boss is expecting a rebound in 2021.
A failed attempt to unionize Amazon.com warehouse workers shows why Congress needs to pass proposed legislation to protect labor unions against corporations’ anti-organizing efforts, Democratic lawmakers said Friday.
Amazon.com warehouse workers in Alabama voted against forming a union by a more than 2-to-1 margin in a major win for the retailer, but the union said it would challenge the results, citing election interference.
Not many countries manufacture as much fashion as Turkey, even if few of its designers are internationally known. That may be about to change, with fashion leaders in the process of creating a Turkish Fashion Council.
Debenhams hasn’t disappeared from the high streets quite yet. Many of the almost-100 department stores still in existence will reopen for up to 33 days from 12 April, offering deep discounts to clear stock.