Blackstone Group agrees on stake purchase of China-based shopping mall developer
Blackstone Group would be buying a 40% stake in Chinese shopping mall operator SCP Co.
Fashion/Clothing
Under Armour Is Laying off Employees, Re-Focusing on Core Men's Apparel
Under Armour said it's laying off employees and re-prioritizing its core men's apparel business as part of its restructuring effort.
Hawaii's 2024 Teacher Appreciation Week Concludes with Last Chance Discounts for Educators
Several stores are participating in Hawaii’s celebration of Teachers Appreciation Week, most of which will end on May 10...
Target Cuts Pride Merch Ahead of June After 2023 Fiasco
Target announced that it was planning to reduce its LGBTQ+-themed merchandise in some of its stores for June’s Pride Month...
Canada: Competition Bureau Probes Lululemon Over 'Greenwashing' Allegations
A complaint reveals Lululemon's marketing-environmental impact discrepancies, citing a significant rise in greenhouse gas emissions since the "Be Planet" campaign's started in 2020...
Rue21 Apparel Stores Set to Close in the Coming Weeks After Filing for Third Bankruptcy
Rue21 has announced that it will be shutting down all of its 540 locat...
Berkshire Hathaway's Brooks Running CEO Deems China, Europe as Growth Areas
Brooks Running's newly appointed chief executive has expressed optimis...
Latest News
Lululemon Athletica's attitude on complaints drives customers to competitors- report
Lululemon Athletica Inc's attitude towards complaints had driven customers to competitors, according to an NBC News report.
Lululemon Athletica receives more customer complaints- report
Customers had again complained about the quality of Lululemon Athletica Inc's yoga pants, according to a report
Sandra Ortega Mera inherits fortune in shareholdings
Sandra Ortega Mera inherits shares in Inditex and Rosp Corunna Participciones Empreseriales SL, which owns the world's largest clothing retailer Zara.
Deals of the day
The following bids, mergers, acquisitions and disposals were reported on Thursday.
Barneys New York Inc targeted by black shoppers after racism controversy
Black customers protested at Barneys New York Inc after being detained by staff.
Kmart’s Tara Poseley hired as CPO of Lululemon Athletica Inc.
Tara Poseley of Kmart hired as new chief product officer of Lululemon.
CVSL makes USD 268 million offer for Blyth- sources
CVSL Inc offered to buy Blyth Inc for USD 268 million, according to sources interviewed by Bloomberg.
Permira set to acquire Dr. Martens maker
The family business that owned the Dr. Marten brand would be acquired by private equity firm Permira for GBP300 million.
HSBC to back out of Pakistani unit sale deal
HSBC Holdings plc failed to obtain regulatory approval from the State Bank of Pakistan to sell its banking business in Pakistan.
