| Business |
| Business related information |
| Fashion Square lures another luxury retailer |
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Designer Carolina Herrera, who is known for her stunning gowns at the Oscars, will open her sixth U.S. lifestyle boutique at Scottsdale Fashion Square.
The 3,900-square-foot-store opens this winter next to Tiffany & Co. in the mall's south wing near Nordstrom.
Meantime, the former Robinsons... |
| TPG in talks with Russian retailer |
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TPG, the US private equity firm, has held early-stage talks on investing in Seventh Continent, the Russian retail group, underlining its ambition to be the first global buy-out group to do a big deal in the country.
The interest comes as diplomatic relations deteriorate between Russia and the wes... |
| German retailer Plus Discount to open outlet in Pavlikeni |
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German retailer Plus Discount, a Tengelmann company, said it will invest 1.8 mln levs in an outlet in Pavlikeni, a city in Northern Bulgaria.
The discount retailer has won an auction for a 0.7 ha municipal lot in the city center with a bid of 780,000 levs.
The other candidates were Mihailov Legal ... |
| Delta Holding Taking Over 11 Sales Centres |
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Representatives of Serbian Delta holding and Banja Luka-based Tropik trading company have signed a takeover contract.
Representatives of Serbian Delta holding and Banja Luka-based Tropik trading company have signed a takeover contract of 11 sales centres in the Bosnian Serb entity of Republika Srp... |
| IKEA Cyprus to open in September |
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The budget furniture store IKEA will open its first outlet in Cyprus on September 5 within the busiest commercial square mile on the outskirts of Nicosia, where other store openings are expected the same month in what is probably going to be the biggest shopping mall on the island.
Vassilis Four... |
| New supermarket for city |
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Traders are hoping the arrival of a no frills supermarket will breathe life into their street.
Cut-price supermarket chain Aldi has bought the old Sainsbury's store in London Road, Brighton, and plans to open next year.
There are around 5,000 Aldi stores in Europe, Australia and the US, which... |
| Carrefour: Spanish acquisition is good fit |
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Tengelmann sells 250 Spanish hard discount stores to Carrefour for E200 million.
Carrefour's deal with Tengelmann looks set to be a positive move for both European retailers. The move will allow the Frances's Carrefour to continue its Spanish expansion and establish its Dia fascia as the hard dis... |
| British retailer Tesco plans to open store in poor Los Angeles neighborhood |
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British supermarket giant Tesco PLC plans to capitalize on the critical need for grocery stores in South Los Angeles by opening a Fresh & Easy Neighborhood Market in the economically depressed area.
It will be one of about 50 stores the chain intends to open in three western U.S. states by the en... |
| Europes top 30 grow share |
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Europe's top grocery retailers are continuing to take market share, according to Planet Retail's latest report, reports Fiona Briggs
The research company’s Top 30 Grocery Rankings for Western & Central Europe reveals the leading 30 retailers now account for 59% of the total grocery sector... |
| HMV profits drop |
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Music and book retailer HMV has posted a fall in profits after struggling to compete with supermarkets and online rivals.
In a statement the company revealed that its pre-tax profit before exceptional items slumped to £48.1 million in the 12 months to April 28th, down from £98.2 million a year ... |
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