Bestseller, the Danish fashion company owned by the Holch Povlsen family, today holds a stake bigger than 17% of Asos.com, the UK’s largest online-only fashion store. In the beginning of 2010, its holdings accounted for around 4%
The Japanese brand has suffered a 15% sales decline in the Japanese market, which accounts for 80% of its total turnover. The fall can be explained by increased local competition and mild Aumtumn-Winter weather.
Web advertising firm Groupon Inc, considered one of the fastest growing Internet companies in history, has raised $500 million by selling an equity stake, a month after reports that it turned down a $6 billion takeover offer from Google Inc.
British retailer John Lewis said sales at its department stores in the week to Saturday were 7 percent up on a year ago, although they dipped slightly from the previous week's record as snow kept some shoppers at home.