Australia’s David Jones Shareholders Back $2 Billion Bid

David Jones department store | Source: Reuters

SYDNEY, Australia — Shareholders of David Jones Ltd, Australia's No. 2 department store by sales, on Monday backed a $2 billion bid by South Africa's Woolworths Holdings Ltd, ending weeks of uncertainty over the intentions of top shareholder Solomon Lew.

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South Africa’s Woolworths Set to Buy Australia’s David Jones for $2 Billion

David Jones | Source: Reuters

SYDNEY, Australia — South African retailer Woolworths Holdings Ltd is set to buy Australia's second-largest department store David Jones for $2 billion, trumping an offer from Australian rival Myer Holdings Ltd with a hefty premium.

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Australia’s Billabong Faces Possible Class Action Lawsuit

Billabong's 'Made for Living' campaign | Source: Billabong

SYDNEY, Australia — Law firm Slater & Gordon Ltd said on Thursday it was preparing a class action lawsuit against Australian surfwear company Billabong International Ltd over alleged misleading conduct in information disclosure.

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David Jones Rises as Rejected Myer Merger Proposal Revealed

David Jones Store | Source:

SYDNEY, Australia — David Jones Ltd., Australia’s second-largest listed department store company, rose the most in two months after it said it received a merger proposal in October from larger rival Myer Holdings Ltd. that it rejected.

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Sneakerboy’s Luxury Retail Revolution

Sneakerboy | Photo: March Studio

With the launch of Sneakerboy, Chris Kyvetos, a member of the recently launched BoF 500, is targeting a new generation of luxury consumers with a highly covetable selection of sneakers and an innovative digital retail model that blends the tactility of a physical store with the efficiencies of the Internet.

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Billabong Accepts Refinancing Offer From Centerbridge, Oaktree

Billabong Colour of Love Campaign | Source: Billabong

GOLD COAST, Australia — Billabong International Ltd., the unprofitable Australian surfwear company, accepted a refinancing proposal from a group including Oaktree Capital Management LP and Centerbridge Partners LP, saying it offered better terms than a rival plan to repay debt.

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Decarnin exits Balmain, Reviving Russia, Boom time in Australia, Twitter’s brand pages, Ruth Hogben live

Christophe Decarnin | Source: Homme a la Mode

Balmain Exit (Vogue UK) “Christophe Decarnin is leaving Balmain after spending five years as creative director. A successor has not yet been appointed…. Decarnin joined the French fashion house in 2005 as a designer before being made the creative director in November 2007. He is largely credited for introducing the rock and military-inspired look… that the label is currently known for.” Reviving the Russian

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