U.S. teen retailer rue21 Inc, which exited bankruptcy in September, is seeking financing after lackluster holiday sales failed to generate the cash it had hoped for, people familiar with the matter said on Friday.
Alibaba Group Holding will pay about 5.45 billion yuan (625.62 million pounds) for a 15 percent stake in China's Easyhome, a home improvement chain, as the internet giant expands its investments in offline businesses.
China’s Fosun International has beat Qatar’s Mayhoola in the bidding contest for French fashion brand Lanvin in a deal that should lead to an investment of more than €100 million, two sources close to the matter said.
The company has announced a positive fourth quarter, ended December 31, 2017, propelled forward by even demand across apparel, accessories and footwear categories, and success in EMEA, Canada and APAC.
A deal has been struck to sell Bally and while we don’t know how much the deal’s worth, we do know that the Swiss brand will be controlled by one of the world’s biggest textile names, Shandong Ruyi Investment Holding.