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Tag: deal

Philip Green secures last-ditch £310m Topshop mortgage deal | Business

Sir Philip Green has secured a last-ditch £310m mortgage deal for his flagship Topshop store on Oxford Street in London with the US private equity company Apollo Management International. The deal will be a relief to Green’s family business, which owns Arcadia Group, the parent company of high street brands including Miss Selfridge, Wallis and …

Philip Green secures last-ditch £310m Topshop mortgage deal | BusinessRead More

Retailers welcome initial trade agreement but final deal is needed 

The U.S. and China announced Friday they have reached a phase one trade deal that includes some tariff relief. The agreement, whose precise conditions are still being negotiated,  cancels the implementation of a 15% tariff on $156 billion in Chinese imports, primarily consumer goods such as toys, clothes and electronics, which had been scheduled to …

Retailers welcome initial trade agreement but final deal is needed Read More

Card retailer Clintons seals rescue deal that saves 2,500 jobs | Business

Clintons, the card retailer, has been bought out of administration in a deal that safeguards 2,500 jobs. The pre-agreed deal with the chain’s existing US owners comes after Clintons failed to win support from landlords for an insolvency procedure known as a company voluntary arrangement (CVA) under which it wanted to cut rents and close …

Card retailer Clintons seals rescue deal that saves 2,500 jobs | BusinessRead More

LVMH confirms deal to acquire Tiffany for $16 billion

A woman walks past a Tiffany & Co. store at a shopping mall in Beijing, November, 2018. Mark Schiefelbein | AP LVMH has reached a deal to buy Tiffany & Co. at $135 a share in cash, or $16.2 billion, in a move that will give the company more access to U.S. luxury consumers. Confirming …

LVMH confirms deal to acquire Tiffany for $16 billionRead More

LVMH reaches deal to acquire Tiffany for $16.3 billion

Pedestrians pass in front of a Tiffany & Co. store. Akos Stiller | Bloomberg | Getty Images Bulgari owner LVMH has reached a deal to buy Tiffany & Co. at $135 a share in cash, or $16.3 billion, according to sources familiar with the matter.  The boards of the luxury firms have been discussing a …

LVMH reaches deal to acquire Tiffany for $16.3 billionRead More

Done Deal: Le Tote completes Lord & Taylor acquisition; names new president

There’s a new person at the top of Lord & Taylor. Fashion rental subscription service Le Tote has completed its acquisition of Lord & Taylor from Hudson’s Bay Company and has named Ruth Hartman, chief merchandising officer of Le Tote, as president of the department store company. Hartman brings more than 30 years of experience …

Done Deal: Le Tote completes Lord & Taylor acquisition; names new presidentRead More

US-China ‘phase one’ deal is not a win for apparel industry, AAFA says

US President Donald Trump speaks after announcing and initial deal with China while meeting the special Envoy and Vice Premier of the People’s Republic of China Liu He at the Oval Office of the White House in Washington, DC on October 11, 2019. Nicholas Kamm | AFP | Getty Images As the U.S. and China …

US-China ‘phase one’ deal is not a win for apparel industry, AAFA saysRead More

UK civil engineering slumps; trade deal optimism lifts markets – business live | Business

“The construction sector’s distressing decline continued in October in spite of a small improvement in the headline index as a resolution to the political impasse seemed close. However with a fall in civil engineering not seen for a decade and the biggest drop in housebuilding since 2016, it appears that strength in the sector is …

UK civil engineering slumps; trade deal optimism lifts markets – business live | BusinessRead More

Done Deal: Barneys sold to Authentic Brands Group; NYC flagship to evolve to pop-up 

There was no last-minute white knight for beleaguered luxury retailer Barneys New York. Authentic Brands Group announced it has completed the purchase of the intellectual property of Barneys New York. The sale price was $271.4 million. The bankruptcy court had approved the sale the previous day, Oct. 31. But Barneys and its supporters held out some hope, as …

Done Deal: Barneys sold to Authentic Brands Group; NYC flagship to evolve to pop-up Read More

Hudson’s Bay’s deal to go private hits roadblock

Get great content like this right in your inbox. Subscribe A major shareholder is opposing the deal to take Saks’ parent Hudson’s Bay Co. private. In October, a group headed up by Richard Baker, executive chairman of the struggling department store company, agreed to pay C$10.30 ($7.84) a share in cash for shares outstanding. The …

Hudson’s Bay’s deal to go private hits roadblockRead More