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Tom Tailor: Chinese giant Fosun becomes largest shareholder
The Chinese group Fosun, which already has investments in the respectively Greek, American and Italian companies Folli Follie, Saint John and Caruso, has now has added Tom Tailor Holding AG to the list. ...
Mon, 25 Aug 2014
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China's Qianhai zone to auction more land in August
A pilot economic zone in the southern Chinese city of Shenzhen is to auction four parcels of land next month, the second auction this year, to draw more e-commerce and trade-related companies to the hub. ...
Mon, 25 Aug 2014
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New boss aims to steer Mothercare to recovery
From transforming businesses to sailing the Atlantic, Mark Newton-Jones is a man up for a challenge. Now, the new chief of baby products retailer Mothercare aims to succeed where many have failed and fix one of Britain's best known retailers. ...
Mon, 25 Aug 2014
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Target names outsider as CEO after data breach
Beleaguered retailer Target named former PepsiCo and Wal-Mart executive Brian Cornell as CEO and chairman as it tries to regain customer confidence following a devastating data breach last year that hit earnings. ...
Fri, 22 Aug 2014
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Buyout firm Catterton acquires Bali-inspired jeweller John Hardy
U.S. private equity firm Catterton Partners has acquired Bali-inspired jeweller John Hardy for an undisclosed sum, closing a transaction that took months to negotiate. ...
Fri, 22 Aug 2014
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L'Oreal suffers 'sluggish growth' in United States
French cosmetics giant L'Oreal reported a 4.1 percent rise in second-quarter comparable sales on Thursday, slightly below expectations, and said growth at its consumer goods division was held up by sluggish demand in the United States. ...
Fri, 22 Aug 2014
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Avon forecasts profitable North American business in 2015
Avon Products, a direct seller of beauty products, said its loss-making North American operations would turn profitable in 2015. ...
Fri, 22 Aug 2014
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Yoox bolsters monobrand business with Lanvin
On July 29, 2014, the company Jeanne Lanvin and Yoox signed "a non-binding letter of intent regarding an agreement to manage Lanvin’s online store at the international level.” The information appears a few lines from the bottom of the biannual report published on Wednesday, July 30 by the online fashion ...
Fri, 22 Aug 2014
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US online jeweler Blue Nile experiments with brick and mortar
Diamond rings on display at Nordstrom's flagship Seattle store are not for sale. Shoppers can try them on, inspect the gems' quality up close, but to buy them requires a visit to Blue Nile's website. ...
Fri, 22 Aug 2014
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Metro says conditions still not right for Russia IPO
German retailer Metro AG said conditions are still not right to list a stake in its Russian cash-and-carry business, that was postponed in March due to the Ukraine crisis. ...
Fri, 22 Aug 2014
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Hugo Boss sales growth boosted by running own stores
German fashion house Hugo Boss on Thursday reported second-quarter sales rose 5 percent, helped by its strategy of running more of its own stores. ...
Fri, 22 Aug 2014
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Carrefour says to slow down Argentine investment
Chief Executive Georges Plassat said the impact of the debt default would be manageable for the retailer as it relies on the country for only 3 percent of group sales and 2 percent of operating profits. ...
Thu, 21 Aug 2014
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Adidas warns on profit due to Russia, weak golf business
German sportswear company Adidas said it would scale back plans to expand in Russia and overhaul its golf business, as problems in both areas forced it to cut its 2014 outlook and say targets it had set for 2015 were no longer achievable. Shares in Adidas, which sponsored this year's ...
Thu, 21 Aug 2014
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Yoox confirms 2014 guidance after Q2 meets forecasts
Italian online fashion retailer Yoox stuck to its full-year forecast after meeting expectations with a 30 percent rise in second-quarter core profit thanks to higher sales, including in its struggling home market. ...
Thu, 21 Aug 2014
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Heat on Morrisons CEO as ex-Tesco man named next chairman
Morrisons named Tesco veteran Andrew Higginson as its next chairman on Tuesday, turning up the heat on Chief Executive Dalton Philips as he tries to combat the supermarket's loss of market share. ...
Mon, 18 Aug 2014
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Indian e-tailer Flipkart raises $1 billion in funding
Flipkart, India's largest e-tailer, said on Tuesday it raised a fresh round of funding worth $1 billion as it tries to aggressively scale up after Amazon.com's rapid expansion in the country has heated up competition. ...
Mon, 18 Aug 2014
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Casino H1 profits rise on strong international performance
French retailer Casino posted 880 million euros ($1.18 billion) in first-half operating profit on Tuesday, up 13.3 percent at constant scope and exchange rates thanks to a strong international performance and a recovery under way at its domestic Geant hypermarkets. ...
Mon, 18 Aug 2014
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Next raises profit forecast after strong quarter
Next, Britain's second biggest clothing retailer, raised its guidance for annual sales and profit for the second time in three months after a strong second quarter performance, helped by favorable weather and new store openings. ...
Mon, 18 Aug 2014
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