Property giant Unibail-Rodamco-Westfield has announced that it’s to sell Almere Centrum in The Netherlands for €155 million. It has struck a deal with a group of private investors led by the UMB Group.
E-tail giant Zalando said on Monday that it has acquired a controlling stake in Highsnobiety for an undisclosed sum. The two companies will now “join forces to lead the way in engaging and inspiring customers”.
Britain's economy unexpectedly shrank in April, official figures showed Monday, adding to fears of a slowdown three days before the Bank of England possibly unveils another rate rise in response to higher inflation.
Value fashion and lifestyle retailer Matalan is facing questions from investors over its financing. Two groups of lenders want answers to how the retailer is scheduling debt repayments in the face of economic hardship.
The label caught the eye at Milano Design Week with an imposing installation, proof of its ambitious plans for the Versace Home line, whose furniture is now manufactured under license by Luxury Living Group.