Chinese company Tencent will pay out a $16.4 billion dividend by distributing most of its JD.com stake, weakening its ties to the e-commerce firm and raising questions about its plans for other holdings.
Barbour’s latest year saw revenues plunging, its newly-filed accounts showed on Thursday. But there was good news as the firm is profitable and said its performance showed the “strength and resilience” of its brands
NewRiver has been busy selling off some of its shopping centre interests. The London-based real estate investment trust has sold Poole Retail Park in Dorset and Templars Square Shopping Centre in Cowley, Oxfordshire.
Footwear fit tech specialist Volumental has raised $13 million in a new funding round as it works to grow in Europe and Asia. It has the world’s largest dataset of 3D foot scans and is already strong in the US market.
Sales at Stella McCartney fell to £28.4m from £38.6m as the pandemic hit last year. And it saw a pre-tax loss bigger than its sales at £31.4m. But 2020 was also a year of renewal and it said 2021 sales are recovering.
Speculation has resurfaced that THG (formerly The Hut Group) could be taken private again by its founder with the firm’s battered share price rising as investors buy in hopes of a privately-backed buyout.
The American footwear brand has announced that it has transitioned from its third-party distributor model in the Philippines and has set up a subsidiary through which it will manage its operations in the country.