Tesco Plc sales increased 2.3 percent to 51 billion pounds (72.4 billion dollars); ninth consecutive quarter of like-for-like sales growth in Q4 with UK like-for-like sales up 2.2 percent. Group operating profit before exceptional items increased 28.4 percent to 1,644 million pounds (2,355 million dollars). […]

UPDATE London - European property giant Klépierre is intent on taking over UK shopping mall owner Hammerson and derailing its current deal to take over smaller rival intu, as it has submitted a revised offer. Klépierre, which originally made a 5 billion pound takeover bid to Hammerson last month, has […]

The Alliance for Bangladesh Worker Safety (Alliance) whose five-year-term draws to a close at the end of the year, has decided to look for a way to carry forward its inspections, safety monitoring, training and helpline services. This was announced by the Alliance in a note released today. The board […]

The Asos Group generated retail sales growth of 27 percent during six months to February 28, 2018 to 1,158.1 million pounds (1,643.6 million dollars), with UK growth of 22 percent to 414.5 million pounds (588.2 million dollars) and strong international growth of 31 percent or 28 percent constant currency […]

Levi Strauss & Co. reported first quarter net revenues grew 22 percent on a reported basis and 16 percent excluding 55 million dollars in favorable currency translation effects, driven by broad-based Levi's brand growth in all regions and channels. The company also raised full-year 2018 revenue growth […]

Columbia Sportswear Company plans to acquire remaining 40 percent interest in Columbia Sportswear Commercial (Shanghai) Company, the joint venture that it currently operates in China with Swire Resources Limited, a subsidiary of Swire Pacific Limited. The acquisition, the company said, is subject to […]

The Galeries Lafayette group, via its holding company Motier has acquired a 51 percent majority stake in La Redoute following the approval of the relevant French and international regulatory authorities. The company said in a statement that the Galeries Lafayette group maintains its objective of owning […]

London - Sanpower Group, the Chinese owner of British department store chain House of Fraser, has announced the launch of a new supply chain programme, designed to create a gateway for premium Chinese brands to gain access to the UK and EU market through House of Fraser. The new initiative, which aims […]

Alibaba founder Jack Ma said a China-US trade war could endanger his pledge to create 1 million US jobs, state media reported Tuesday, as China and the US lock horns over trade. The billionaire made the headline-grabbing promise to Donald Trump at Trump tower last year as Beijing worked to woo the newly […]

Luxury fashion house Hermès continues to expand its own craftsmanship hub in France, with the opening of The Manufacture de l'Allen leather workshop. Marking the 16th leather workshop from the fashion house, the new site is set to employ 260 leather artisans. Located in Allenjoie, in the department […]

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