Shopping centre investor Plaza Centres N.V. said its bid for the $1.4 billion EDT Retail Trust , via a joint venture, had concluded and that it would compulsorily acquire the 3.6 percent of shares it does not already own.
American brand Obey, created by American artist Shepard Fairey, is developing its women’s collection after having had its design team strengthened. The brand is also hosting events in Europe in order to establish its image in the continent.
Home Retail , Britain's No.1 household goods retailer, has purchased the Habitat home furnishings brand after the firm was placed into administration, seeking to address a slump in sales by diversifying its product offer.
European shoppers are cutting back on discretionary purchases like televisions and furniture as their incomes are squeezed, fuelling fears the region's faltering economic recovery could slide into reverse.
Brazil Monday kicked off its Sao Paulo Fashion Week -- the most important catwalk parades in South America -- amid concerns voiced by some designers that garment quality was lagging behind their world-class ambitions.