The Cortefiel Group announces the change of its visual identity to Tendam, as part of the strategic plan initiated almost 24 months ago. Its new identity was presented today during the World Retail Congress which is currently taking place this week in Madrid. Formerly known as Grupo Cortefiel, a leading […]

London - Although it has been nearly five years since the most deadly accident in the history of garment manufacturing took place - Rana Plaza - the need for brands and trade unions to take on the responsibility to improve the lives of millions of workers remains. A new report from the NYU Stren Centre […]

In the first quarter, Intu reported record letting activity, with 60 long term leases signed representing 10 million pounds (14.2 million dollars) of annual rent. In aggregate, the company said, these were 5 percent above previous passing rent. The company added, unprompted awareness of the Intu brand […]

UPDATE London - UK shopping centre giant Hammerson has called off its proposed 3.4 billion pound deal with smaller rival Intu, citing a weak market and a disconnect between share price and the value of its business. In a statement issued this morning, the board of Hammerson noted that it “firmly believed […]

For the financial year 2017, Italian luxury menswear group Ermenegildo Zegna reported 2.3 percent revenue growth current exchange and 4.5 percent at constant exchange to 1.183 billion euros (1,463.6 billion dollars), reports Style Network. EBITDA for the year rose 12 percent to 142 million euros (175.6 […]

The Bon-Ton Stores, Inc. has announced that in an auction for the company's assets held pursuant to Section 363 of the US Bankruptcy Code, a joint venture composed of the holders of the company's 8 percent Second Lien Secured Notes due 2021 and Great American Group, LLC and Tiger Capital Group, LLC […]

Chinese online fashion retailer Meilishuo, backed by Tencent Holdings, is reported to be in talks with several investment banks to launch an initial public offering of shares (IPO) in the U.S. The IPO could value the start-up at circa 4 billion dollars, according to people familiar with the matter quoted […]

Morgan Stanley (NYSE:MS) has recently lifted its recommendation on shares in Associated British Foods (LON:ABF) to an ‘Overweight’ due to the low valuation it says is being applied to the Primark business in comparison to Inditex. In the same note to investors, analysts at Morgan Stanley pointed out […]

London - An additional 450 workers at Marks & Spencer face an uncertain future as the high street retailer announced the impending closure of its distribution centre in Hardwick Grange, near Warrington. The facility, which currently handles the distribution of its home and clothing goods for Marks & […]

The World Retail Congress kicks off in Madrid today, and Yankeemagazines is there. Since 2007 this annual, three-day forum brings together today’s retail leaders from around the world to discuss key-issues, network, and forecast the retail future. The congress was introduced by Pablo Isla, President of […]

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