It’s official — Thailand’s Central and Austria’s Signa are buying Selfridges Group from the Weston family. The transaction “will create one of the world’s leading omnichannel luxury department store groups”.
Chinese company Tencent will pay out a $16.4 billion dividend by distributing most of its JD.com stake, weakening its ties to the e-commerce firm and raising questions about its plans for other holdings.
Barbour’s latest year saw revenues plunging, its newly-filed accounts showed on Thursday. But there was good news as the firm is profitable and said its performance showed the “strength and resilience” of its brands
Now the world's most popular fashion house, according to the fashion search platform Lyst, Balenciaga hasn't stopped making the news this year with ideas that seem each more ingenious and avant-garde than the next.
The multi-service agency has bolstered its senior staff by naming Jessica Juliano as head of omni-channel operations, Giovanni Pungetti as head of Asia and Giovanni de Marchi, ex Slam Jam, as head of brand partnerships.
NewRiver has been busy selling off some of its shopping centre interests. The London-based real estate investment trust has sold Poole Retail Park in Dorset and Templars Square Shopping Centre in Cowley, Oxfordshire.
Celebrity choices and collaborations were key to fashion this year as consumers got back to almost normal life. And Balenciaga was the label that benefited most with interest spiking, Lovethesales.com research shows.
Footwear fit tech specialist Volumental has raised $13 million in a new funding round as it works to grow in Europe and Asia. It has the world’s largest dataset of 3D foot scans and is already strong in the US market.