Arvind Fashions Limited (AFL) said that its board of directors has approved raising of INR 439 crores via the preferential allotment of equity shares to multiple marquee investors including promoters. The shares in the preferential allotment will be issued at a price of INR 218.5 each. According to Arvind Fashions, the marquee investors taking part […]
Retail industry news : Walt Disney has inaugurated a new Disney Store in Shanghai, China in the HKRI Taikoo Hui Mall to offer customers exclusive Disney merchandise that is locally designed. The new Disney Store in Shanghai is located in what is called as a vibrant shopping and entertaining hub on the 789 Nanjing Road […]
VF acquisition of Williamson Dickie : American worldwide apparel and footwear giant VF Corporation has signed an agreement to acquire workwear manufacturer Williamson-Dickie in an all-cash deal worth around $820 million. VF Corporation says that the Williamson Dickie acquisition aligns with its commitment to active portfolio while boosting its growing workwear platform further. The subsequent […]
Retail industry news : Gymboree Corporation, an American children’s apparel retailer, has announced its decision to shut down business at about 350 of its stores to channelize its financial resources on potentially profitable locations. According to the latest apparel retail news, the stores closure from the American clothing retailer is in accordance of a court-supervised […]
Walmart has signed a deal to acquire online apparel company Bonobos for $310 million in an all-cash deal just a day after the retail acquisition news of Amazon acquisition of Whole Foods Market for $13.7 billion. While Amazon has been looking to make a presence on the physical front, Walmart on the other hand is […]
In a massive retail acquisition deal, E-commerce giant Amazon has announced that it will acquire American supermarket chain Whole Foods Market for approximately $13.7 billion. According to the latest retail news, the two parties have signed a definitive merger agreement in this regard with Amazon agreeing to offer $42 per share to the stakeholders of […]
British luxury retailer Jimmy Choo which specializes in upscale shoes, accessories, handbags and fragrances, has listed itself up for sale following a review of its business according to the latest retail industry news. Jimmy Choo is mulling over various strategic options it has in a bid to give maximize value for its stakeholders and in […]
Bebe Stores financial news : American women’s clothing retailer Bebe Stores has announced the closing of all its stores by May end after struggling to turn around its business. The latest move from the California-headquartered Bebe Stores will see 168 stores getting closed leaving about 700 jobs at risk, as per the LA Times. Bebe […]