CVC Mulls Buying Stake in Jeweller APM Monaco From TPG
CVC Capital Partners is considering buying a stake in the fashion jeweller from private-equity firm TPG Inc., according to people familiar with the matter.
real-estate
News & Analysis
Macy’s Taps Brookfield to Mine Real Estate Cash as Sales Dip
Brookfield will have the exclusive right for two years to create a development plan for about 50 pieces of Macy’s real estate.
Macy’s Taps Brookfield to Mine Real Estate Cash as Sales Dip
Brookfield will have the exclusive right for two years to create a development plan for about 50 pieces of Macy’s real estate.
News & Analysis
Baltimore OKs Finance Deal For Under Armour CEO's $5.5 Billion Project
Baltimore's city council gave final approval for a $660 million public financing package to help fund a $5.5 billion project for Under Armour chief executive officer Kevin Plank's real estate company, a council spokesman said on Tuesday.
Baltimore OKs Finance Deal For Under Armour CEO's $5.5 Billion Project
Baltimore's city council gave final approval for a $660 million public financing package to help fund a $5.5 billion project for Under Armour chief executive officer Kevin Plank's real estate company, a council spokesman said on Tuesday.
Retail
Macy’s Pullback Imperils $30 Billion of Debt, Morningstar Says
Store closures by Macy’s could hurt more than the mall rats, according to Morningstar Credit Ratings.
Macy’s Pullback Imperils $30 Billion of Debt, Morningstar Says
Store closures by Macy’s could hurt more than the mall rats, according to Morningstar Credit Ratings.
News & Analysis
Coach Signs 20-Year Sale-Leaseback for New York Headquarters
The brand has entered into a 20-year sale-and-leaseback agreement for its headquarters in New York City.
Coach Signs 20-Year Sale-Leaseback for New York Headquarters
The brand has entered into a 20-year sale-and-leaseback agreement for its headquarters in New York City.
Retail
General Growth Sells $1.25 Billion Stake in Fashion Show Mall
General Growth Properties sold a 50 percent stake in Fashion Show, a high-end shopping mall on the Las Vegas Strip, for $1.25 billion.
General Growth Sells $1.25 Billion Stake in Fashion Show Mall
General Growth Properties sold a 50 percent stake in Fashion Show, a high-end shopping mall on the Las Vegas Strip, for $1.25 billion.
Financial Markets
Sports Direct Buys Oxford Street Freehold for Fashion Flagship
Retailer Sports Direct International has announced it will buy the freehold of a property in London's Oxford Street for 108 million pounds for use as a flagship store for its FLANNELS.com fashion brand and offices.
Sports Direct Buys Oxford Street Freehold for Fashion Flagship
Retailer Sports Direct International has announced it will buy the freehold of a property in London's Oxford Street for 108 million pounds for use as a flagship store for its FLANNELS.com fashion brand and offices.
Financial Markets
Prada Store Closures to Offset Openings and Shield Profit Margins
Prada will offset new shop openings with selective closures this year and the next in an effort to shield profit margins from weaker demand.
Prada Store Closures to Offset Openings and Shield Profit Margins
Prada will offset new shop openings with selective closures this year and the next in an effort to shield profit margins from weaker demand.
Retail
Update: Blackstone Denies Seeking to Acquire Brazil Mall Operator
Investment firm Blackstone Group LP on Sunday said it is not considering an acquisition of Brazilian shopping mall operator BR Malls Participacoes SA, denying a report published early in the day by newspaper O Globo.
Update: Blackstone Denies Seeking to Acquire Brazil Mall Operator
Investment firm Blackstone Group LP on Sunday said it is not considering an acquisition of Brazilian shopping mall operator BR Malls Participacoes SA, denying a report published early in the day by newspaper O Globo.
News & Analysis
Macy’s Adds Real Estate CEO to Board to Help With Property Plans
Macy’s Inc. named Four Corners Property Trust Inc. chief executive officer Bill Lenehan to its board, enlisting a real estate expert to help the chain figure out what to do with its properties.
Macy’s Adds Real Estate CEO to Board to Help With Property Plans
Macy’s Inc. named Four Corners Property Trust Inc. chief executive officer Bill Lenehan to its board, enlisting a real estate expert to help the chain figure out what to do with its properties.
Financial Markets
J.C. Penney Looking at Sale-Leaseback Deal for Texas Headquarters
Department store operator J.C. Penney Co Inc said it is pursuing a potential sale and partial leaseback of its headquarters in Texas to reduce debt and costs.
J.C. Penney Looking at Sale-Leaseback Deal for Texas Headquarters
Department store operator J.C. Penney Co Inc said it is pursuing a potential sale and partial leaseback of its headquarters in Texas to reduce debt and costs.
News & Analysis
Coach Leases Space for Fifth Avenue Store, General Growth Says
Coach Inc. leased space at Manhattan’s 685 Fifth Ave. that will serve as a store for the luxury-handbag maker, landlord General Growth Properties Inc. said Tuesday.
Coach Leases Space for Fifth Avenue Store, General Growth Says
Coach Inc. leased space at Manhattan’s 685 Fifth Ave. that will serve as a store for the luxury-handbag maker, landlord General Growth Properties Inc. said Tuesday.
Financial Markets
Einhorn Buys Macy’s Stake Saying It Could Be a Takeover Target
Greenlight Capital, the hedge fund firm led by David Einhorn, said it made a new investment in retailer Macy’s Inc. in the fourth quarter, to "unlock the value" of its land and buildings.
Einhorn Buys Macy’s Stake Saying It Could Be a Takeover Target
Greenlight Capital, the hedge fund firm led by David Einhorn, said it made a new investment in retailer Macy’s Inc. in the fourth quarter, to "unlock the value" of its land and buildings.
The News in Brief
Will Jewellery Help Shape Luxury’s Winners?
As weak appetite for handbags and geopolitical tensions weigh on fashion sales, luxury groups are leaning on high-performing jewellery to help boost growth and steady profit margins.
London’s Liberty Doubles Fabric Section as Sewing Booms
The department store has more than doubled the size of its fabrics department and will host crafting classes this autumn as social media drives a surge in activities like sewing.
US Businesses File Lawsuit Challenging New ‘Forced Labour’ Tariffs
Two small businesses, backed by the group that successfully sued over previous tariffs, say the new policy similarly exceeds the president’s authority to tax imports.
Perfume Maker Givaudan’s Sales Beat Estimates, Tariff Paybacks Weigh on Shares
Givaudan’s second-quarter organic sales came in ahead of market estimates on Thursday, but its shares fell 5 percent on litigation costs and tariff repayments.
Trump to Impose Forced Labour Duties on Friday as Temporary 10% US Tariffs Expire
The move is the White House’s latest effort to restore Trump’s campaign vision of a near-global tariff after the US Supreme Court in February struck down his ‘reciprocal’ duties.
LVMH Appoints General Manager of Fragrance
Givenchy executive Yann Musquin will lead the group’s fragrance portfolio, succeeding longtime division head Romain Spitzer.
India Changes Rule in Win for Foreign E-Commerce Companies
In a major win for Amazon, which lobbied for the change, the government will allow foreign e-commerce companies to buy products directly from Indian sellers and sell them to overseas customers.