South Africa’s Woolworths Takes on Zara and H&M With Australian Bid

Woolworths Brand Witchery | Source: Woolworths

CAPE TOWN, South Africa — Woolworths Holdings Ltd. of South Africa is using a $2 billion takeover of Australia’s David Jones Ltd. to challenge fashion retailers Inditex SA, Hennes & Mauritz AB and Fast Retailing Co. in the southern hemisphere.

…Continue Reading

How Aldo Bensadoun Became a Billionaire

Aldo Bensadoun | Source: Courtesy

NEW YORK, United States — Aldo Bensadoun, who founded the Aldo Group in 1972 selling wooden clogs in Canada, is the sole owner of the Aldo Group’s two shareholding entities. The retailer now has a value of $1.7 billion, according to data compiled by Bloomberg, making Aldo’s executive chairman, Bensadoun, a billionaire.

…Continue Reading