Flipkart to buy 8 percent stake in Aditya Birla’s fashion unit for $204 million
Walmart Inc’s Flipkart will buy a 7.8% stake in Aditya Birla Fashion and Retail Ltd for 15 billion rupees ($204 million),the fashion retail company. “...
Category : Retail
VENU NAIR JOINS AS THE MD AND CEO OF SHOPPERS STOP
Department store chain Shoppers Stop Ltd., announced the appointment of Trent’s Venu Nair as its Managing Director and Chief Executive Officer effective 6 November, 2020....
H&M TO EXPAND STORE IN LUCKNOW
The Swedish company considers India as an important market and look forward to increase its presence through both, online and brick-and-mortar approach. The group is...
H&M TO INVEST IN ONLINE RETAIL THAN PHYSICAL
Hennes & Mauritz will exit the coronavirus crisis in better shape, according to its new chief executive,as she announced plans to close a record number...
The US Fashion Retail Bankruptcies
Approximately 43 retailers have filed for bankruptcies so far, according to S&P Global Market Intelligence report. Latest retailers to go into administration include Le Tote,...
Neiman Marcus’ Restructuring Plan Gets Approval
Neiman Marcus has received court approval for its plan to reorganize in Chapter 11. The luxury department store chain, which filed for bankruptcy in May,...
Ann Taylor May be Out of Bankruptcy Before Thanksgiving
Bankrupt Ascena Retail Group has a hearing on Oct. 23 to confirm its reorganization plan and, once approved, can expect an exit court proceedings about...
Holiday Sales Likely to See 1% to 5% increase: Deloitte
It is expected that holiday sales are likely to increase between 1 and 5%, and Deloitte’s overall sales forecast between 1,147 and 1,152 billion dollars...
DUTY FREE SHOPPING IN UK TO END COVID 19 IMPACT LUXURY BRANDS
The UK Government announced that tax free shopping in the UK will end on 31st December this year. All overseas visitors will no longer be...
Victoria Secret UK Secures Itself from Bankruptcy
As per the new deal signed with Next Victoria Secret which has a store in MIlton Keynes, will continue to have a high street presence....