Hammerson Chief Executive Officer David Atkins will step down, the shopping mall owner and operator said on Wednesday, as it faces a crisis spurred by coronavirus-induced shop closures and a collapse in rent.
Macy's Inc said on Tuesday it planned to raise $1.1 billion (£893.36 million) in a bond offering, backed by a first mortgage on some of its properties, to repay funds borrowed under a revolving credit facility.
Chinese tech giant Tencent Holdings will invest 500 billion yuan ($70 billion) over the next five years in technology infrastructure including artificial intelligence and cybersecurity, the company said Tuesday.
HFR will host a virtual fundraiser in order to build funds for Icon 360, a nonprofit made to provide relief to designers of color who are pivoting their businesses in response to Covid-19 and need funding to scale.
Bernard Arnault, Europe’s richest man, has acquired a one-quarter stake in Arnaud Lagardère’s holding company, in a move that will be seen as an attempt to support the family of his fellow French billionaire.
The U.S. continued its cautious reemergence from a coronavirus-linked shutdown over the past week, with measures of retail foot traffic slowly increasing but broader indexes of economic activity still stalled.
John Hargreaves, the multimillionaire founder of discount retailer Matalan, is suing PwC over claims the accounting firm gave him bad advice on how to avoid paying taxes when he moved from the UK to Monaco.
Under the 'Act for Good' campaign, those who donate to A Common Thread through Omaze will be entered into the running to win VIP experiences, like the opportunity to shadow Annie Leibovitz on a Vogue photo shoot.
Christian Dior’s The Female Gaze podcast series took on a new dimension on Friday, as its new episode featured an interview with creative director Maria Grazia Chiuri, who described herself as a political couturier.