De Beers Makes Sweeping Cuts to Its Elite Diamond-Buying Club
The diamond company produced less than 22 million carats last year, down from almost 35 million in 2022.
real-estate
News & Analysis
Macy’s Taps Brookfield to Mine Real Estate Cash as Sales Dip
Brookfield will have the exclusive right for two years to create a development plan for about 50 pieces of Macy’s real estate.
Macy’s Taps Brookfield to Mine Real Estate Cash as Sales Dip
Brookfield will have the exclusive right for two years to create a development plan for about 50 pieces of Macy’s real estate.
News & Analysis
Baltimore OKs Finance Deal For Under Armour CEO's $5.5 Billion Project
Baltimore's city council gave final approval for a $660 million public financing package to help fund a $5.5 billion project for Under Armour chief executive officer Kevin Plank's real estate company, a council spokesman said on Tuesday.
Baltimore OKs Finance Deal For Under Armour CEO's $5.5 Billion Project
Baltimore's city council gave final approval for a $660 million public financing package to help fund a $5.5 billion project for Under Armour chief executive officer Kevin Plank's real estate company, a council spokesman said on Tuesday.
Retail
Macy’s Pullback Imperils $30 Billion of Debt, Morningstar Says
Store closures by Macy’s could hurt more than the mall rats, according to Morningstar Credit Ratings.
Macy’s Pullback Imperils $30 Billion of Debt, Morningstar Says
Store closures by Macy’s could hurt more than the mall rats, according to Morningstar Credit Ratings.
News & Analysis
Coach Signs 20-Year Sale-Leaseback for New York Headquarters
The brand has entered into a 20-year sale-and-leaseback agreement for its headquarters in New York City.
Coach Signs 20-Year Sale-Leaseback for New York Headquarters
The brand has entered into a 20-year sale-and-leaseback agreement for its headquarters in New York City.
Retail
General Growth Sells $1.25 Billion Stake in Fashion Show Mall
General Growth Properties sold a 50 percent stake in Fashion Show, a high-end shopping mall on the Las Vegas Strip, for $1.25 billion.
General Growth Sells $1.25 Billion Stake in Fashion Show Mall
General Growth Properties sold a 50 percent stake in Fashion Show, a high-end shopping mall on the Las Vegas Strip, for $1.25 billion.
Financial Markets
Sports Direct Buys Oxford Street Freehold for Fashion Flagship
Retailer Sports Direct International has announced it will buy the freehold of a property in London's Oxford Street for 108 million pounds for use as a flagship store for its FLANNELS.com fashion brand and offices.
Sports Direct Buys Oxford Street Freehold for Fashion Flagship
Retailer Sports Direct International has announced it will buy the freehold of a property in London's Oxford Street for 108 million pounds for use as a flagship store for its FLANNELS.com fashion brand and offices.
Financial Markets
Prada Store Closures to Offset Openings and Shield Profit Margins
Prada will offset new shop openings with selective closures this year and the next in an effort to shield profit margins from weaker demand.
Prada Store Closures to Offset Openings and Shield Profit Margins
Prada will offset new shop openings with selective closures this year and the next in an effort to shield profit margins from weaker demand.
Retail
Update: Blackstone Denies Seeking to Acquire Brazil Mall Operator
Investment firm Blackstone Group LP on Sunday said it is not considering an acquisition of Brazilian shopping mall operator BR Malls Participacoes SA, denying a report published early in the day by newspaper O Globo.
Update: Blackstone Denies Seeking to Acquire Brazil Mall Operator
Investment firm Blackstone Group LP on Sunday said it is not considering an acquisition of Brazilian shopping mall operator BR Malls Participacoes SA, denying a report published early in the day by newspaper O Globo.
News & Analysis
Macy’s Adds Real Estate CEO to Board to Help With Property Plans
Macy’s Inc. named Four Corners Property Trust Inc. chief executive officer Bill Lenehan to its board, enlisting a real estate expert to help the chain figure out what to do with its properties.
Macy’s Adds Real Estate CEO to Board to Help With Property Plans
Macy’s Inc. named Four Corners Property Trust Inc. chief executive officer Bill Lenehan to its board, enlisting a real estate expert to help the chain figure out what to do with its properties.
Financial Markets
J.C. Penney Looking at Sale-Leaseback Deal for Texas Headquarters
Department store operator J.C. Penney Co Inc said it is pursuing a potential sale and partial leaseback of its headquarters in Texas to reduce debt and costs.
J.C. Penney Looking at Sale-Leaseback Deal for Texas Headquarters
Department store operator J.C. Penney Co Inc said it is pursuing a potential sale and partial leaseback of its headquarters in Texas to reduce debt and costs.
News & Analysis
Coach Leases Space for Fifth Avenue Store, General Growth Says
Coach Inc. leased space at Manhattan’s 685 Fifth Ave. that will serve as a store for the luxury-handbag maker, landlord General Growth Properties Inc. said Tuesday.
Coach Leases Space for Fifth Avenue Store, General Growth Says
Coach Inc. leased space at Manhattan’s 685 Fifth Ave. that will serve as a store for the luxury-handbag maker, landlord General Growth Properties Inc. said Tuesday.
Financial Markets
Einhorn Buys Macy’s Stake Saying It Could Be a Takeover Target
Greenlight Capital, the hedge fund firm led by David Einhorn, said it made a new investment in retailer Macy’s Inc. in the fourth quarter, to "unlock the value" of its land and buildings.
Einhorn Buys Macy’s Stake Saying It Could Be a Takeover Target
Greenlight Capital, the hedge fund firm led by David Einhorn, said it made a new investment in retailer Macy’s Inc. in the fourth quarter, to "unlock the value" of its land and buildings.
The News in Brief
L’Oréal India in Talks to Acquire Beauty Company Innovist
L’Oréal is in advanced talks to acquire a majority stake in Bare Anatomy parent Innovist sources told The Economic Times India.
Zegna Chairman Says War Has Clouded Visibility of Demand in Middle East
The Italian fashion house cautioned the war is reducing visibility on demand in the Middle East, which accounts for 7 percent of its sales, though all stores are currently open in the region.
Glossier Appoints New CMO
Nicole Solorzano, who joins from Ouai, is the Millennial beauty brand’s latest hire.
Macy’s CEO Points to E-Shaped Economy, Signalling Consumer Shift
The mention of a forked economy by the head of America’s largest department store signals a heightened wariness that middle-income Americans will continue to spend at the same pace.
France’s Bid to Suspend Shein’s Marketplace Rejected by Appeals Court
The decision from Paris’ Court of Appeal marked a win for the fast-fashion giant after a scandal over sex dolls resembling children for sale on its site.
Coty Announces Board Revamp
The embattled Covergirl owner has appointed five new independent directors amidst a wider leadership and company shakeup.
Zimmermann Names Roberto Eggs CEO
The Moncler Group executive will succeed longtime CEO Chris Olliver, who is staying on as executive chairman.