David Beckham is reportedly selling a 55% stake in his management business to acquisition-hungry Authentic Brands Group (ABG) for as much as £200 million. The reports haven't been confirmed by either party.
US retail giant JCPenney has a new CEO and has named Marc Rosen to the post, effective November 1. And Stanley Shashoua, chief investment officer at the firm’s owner, Simon Property Group, becomes executive chairman.
The department store chain has joined forces with the pioneering athleisure label to launch Juicy by Juicy Couture, an exclusive brand expansion offering an affordable and inclusive take on the label’s signature styles.