Saks Fifth Avenue owner Hudson’s Bay Co said on Wednesday it had received a bid for its German department store chain Kaufhof from Signa Holding, the Austrian property and retail group that owns Karstadt.
Marico Limited reported a 2.48 per cent rise innet profit to Rs 185 crore (approx $28.6 million) for the second quarter as compared to Rs 180 crore (approx $27.8 mn) it reported in same quarter last fiscal.
India’s beauty cosmetics and grooming market will touch $35 billion from the present $6.5 by 2035, according to a joint survey by The Associated Chambers of Commerce & Industry of India (ASSOCHAM) and MRSSIndia.com.
‘Supermalls’ in the UK are set to outperform physical retail growth overall, as they attract Millennial shoppers by including more leisure options in their mix, according to a new report from GlobalData.
Value Retail, the company behind some of the world’s most successful luxury outlet centres, has launched China’s largest mobile payment method Alipay to give its Chinese consumers an easy and safe way to make payments.
Debenhams profits dropped in the latest year but the big news was around its rebirth plan that includes a new designer signing, in-store gyms, soaring mobile sales, making its Danish chain a Scandi hub and much more.
With Interparfums recording an 18.8% jump in revenues for the first nine months of the year, totalling 324 million euros, the fragrance company expects 2017 revenues to range between 400 and 405 million euros.