Shares in Debenhams rose as much as 9 percent on Wednesday after an outgoing director of Sports Direct said the sportswear firm's board had discussed combining the department store group with House of Fraser.
Hearst Netherlands, part of the global group Hearst Corporation, has transferred all of its branded content activities to Hearst Agency. The agency aims to offer creative content intelligence to its advertising clients.
On the eve of its semi-annual results, the company celebrated the reopening of its Milanese flagship. FashionNetwork.com analyses the event that reveals the intricacies within the omnichannel retail giant.
The accessory brand Da Milano is currently exploring a number of international markets including Nepal and the UK for possible expansion and its transit retail segment now accounts for 30 percent of overall revenue.
Tencent Holdings, which has lost some $200 billion in market value this year, is facing fresh criticism from analysts and investors unnerved by regulatory roadblocks, a fuzzy overseas strategy and growing debt.
Mike Ashley, the billionaire founder and majority owner of Sports Direct, faces a potential shareholder revolt at the company's annual meeting on Wednesday, though he will not be present to hear any protests.