Turkish fashion retailer Mavi Giyim's initial public offering (IPO) is seen priced at 43-51 lira per share, valuing the jeans maker at up to 2.5 billion lira ($700 million), a source said.
Shortly after announcing its purchase of the Xanadú shopping centre in Madrid for €530m and naming a new manager for its Spanish ops, malls giant Intu has entered a joint venture to claw back some of the purchase price.
Retail veteran Harold Tillman may have been frustrated in his attempt to win back the Jaeger brand he once owned, but reports suggest that he could lead a group of investors working on a rescue deal for Style Group.
The off-price retailer posted a 5% increase in net sales and a 36% increase in adjusted net income, and the company now expects full year earnings to range from $3.86 to $3.96.
The eyewear specialist has announced a renewal of its licence agreement with the Italian jeans label effective until 2023, involving the design, production and distribution of its Diesel eyewear collections.
Global sales of personal luxury goods will grow by a stronger- than-expected 2-4 percent in 2017, as higher spending in Europe and China outpace weakness in the United States and southeast Asia.
The crystal specialist is to put an end to its line of accessible jewellery, citing a strategic reorganisation of its brand portfolio.
Upon closing of the merger between Naked and Bendon, Naked shareholders will receive 7% of the combined company. Naked and Bendon first proposed a merger in January.
Ulta Beauty reported on Thursday solid first quarter results including a 39.4 percent increase in net income, as the beauty specialist defied the struggling retail market. It plans to open 100 more stores.
Consumer products company Funko LLC has acquired Loungefly, maker of pop culture focused accessories and handbags under various brand licenses that include Disney and Sanrio.
UK property developer Hammerson said Friday it has sold two major retail parks in Kent, southeast England, for £80m. British retail parks have seen tough times lately with footfall dropping.
London-based menswear retailer The Idle Man has launched a new crowdfunding campaign as it hopes to raise £500,000 to support its international expansion plans.
Surfstitch will extend its current trading halt on the ASX, on the back of implications from a $100 million class action and "the high level of uncertainty around the negotiations with the litigation funder."
Movado Group Inc. saw a major drop in sales for the first financial quarter of 2018, from $114.1 million in the same quarter last year to $99.3 million. The New Jersey-based company will put its focus on new products.
South African-based retailer Massmart reported on Thursday a near 2 percent fall in overall same-store sales in the first five months of the current year, as outlets outside its home market underperformed.