Selfridges is for sale with a formal auction process about to start. It hasn’t been announced by its owners, the Westons, but a news report said Credit Suisse will be canvassing prospective buyers “imminently”.
Entrepreneur and yoga guru Ramdev has announced that he has no plans for a Patanjali initial public offering this year but could take a decision on the matter by the end of the current 2022 financial year.
In a month that's shaping up to be huge as far as luxury deals are concerned, the latest news is that LVMH is boosting its stake in Off-White. Virgil Abloh's streetwear label will now be 60% owned by the French giant.
Companies around the world must boost sustainability efforts, not just for the planet, but also for their bottom line as consumers globally believe businesses are responsible for a whole host of sustainability issues.
India’s e-commerce market is expected to grow significantly with a strong adoption of online services across the country, which will contribute to it becoming the world’s third largest digital economy by 2030.
H&M Group’s net sales rose as much as 75% in local currencies during Q2 (the March to May period), although given the strengthening Swedish Krona, its revenues translated into ‘only’ a 62% rise on a total basis.