Hudson’s Bay Co plans to reject Austrian property and retail group Signa Holding GmbH’s 3 billion euro bid ($3.7 billion) for Kaufhof, Germany’s largest retail chain, people familiar with the matter said on Wednesday.
Michael Kors Holdings Ltd reported strong holiday-quarter sales and raised its full-year revenue forecast, showing the luxury goods maker’s moves to cut promotions in order to reinvigorate sales were paying off.
George Feldenkreis, founder of Perry Ellis International Inc, has reportedly made a bid to purchase the American apparel firm, after being ousted from his role of executive chairman, the Wall Street Journal reported.
Cortefiel has reason to celebrate, unveiling its third quarter results this week. The firm reported an increase in total sales, strong e-commerce revenues and an uptick in operating profit, as well as a decline in debt.
John Lewis had a fairly unimpressive week in the seven days to February 3 as overall sales dropped by 0.2%. But in a chilly UK, its exclusive fashion offer and beauty did better than other categories.