Steinhoff International-owned Greenlit Brands has sold its general merchandise division to Allegro Funds, as the South African retailer grapples with the fallout of an accounting scandal worth about $7 billion.
Kylie Jenner has agreed to sell a 51% stake in her lucrative beauty business to Coty for $600 million as part of a long-term strategic partnership to further develop the firm into a global powerhouse brand.
Alibaba will close its order books early to prospective institutional investors as part of its $13.4 billion secondary listing in Hong Kong, according to two people with direct knowledge of the matter.
Retail billionaire Mike Ashley, the founder of Sports Direct, has demanded new rent deals are tied to sales across his store empire that now includes HoF and Jack Wills as well as Sports Direct and Flannels.
J.C. Penney Co on Friday reported a smaller-than-expected quarterly loss as it sold more diamond jewelry and denim clothing, showing efforts to revive sales and profits at the department store are taking hold.
A matter of days after the confirmation of a collaboration between Prada and Adidas, the worlds of luxury and sneakers may be coming together once again, via a Jordan 1 signed by Dior, rumored to be released next June.
The Hong Kong-based apparel, footwear and brand management company announced on Thursday that it has made significant progress in reducing its net loss as it continues to push forward with aggressive restructuring.
The Morellato group, a European leader in the production and distribution of jewellery and watches, has announced the acquisition of French chain Cleor, one of the country's leading jewellery retailers.