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Hammerson bought rival Intu for £3.4 billion to create a mall giant

British shopping centers owner Hammerson has agreed to buy smaller rival Intu Properties for about £3.4 billion ($4.56 billion) to create a pan-European real estate giant controlling assets worth £21 billion. Hammerson owns the Brent Cross shopping centre in London, as...

Steepest decline for UK fashion market since 2009: Kantar Report

The British fashion market has witnessed its steepest decline since 2009, according to the latest figures from Kantar Worldpanel. Data to the 52 weeks ending 25 September 2016 revealed that the market has now seen four months of consecutive...

BHS returns as BHS International, focuses on e-shop

A month after its final store closed, British retailer BHS is back - but only online and with a new name and new owners. After the store went under in June 2016, its online and international operations were bought over by the Al...

5 international department stores that are struggling to survive

Big Box Stores Getting Smaller Despite the fact that retailers internationally are working hard to adjust to a more digital consumer - by either shutting their under-performing stores or coming up with a new retail strategies - department stores do...

British retailer BHS collapses, 11,000 jobs lost

British department store chain BHS is all set to down shutters, cutting almost 11,000 jobs in the process after failing to find a buyer, administrators have declared. The 88-year-old chain, which sells clothing, food and homeware, has failed to keep pace...
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The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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