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News & Analysis

Alibaba's Jack Ma Sells Shares Worth $8.2 Billion

13 July 2020 • By Reuters

13 July 2020 • By Reuters

Ma has cut his stake in the company over the past year to 4.8 percent from 6.2 percent.

News & Analysis

Alibaba's Jack Ma Sells Shares Worth $8.2 Billion

Ma has cut his stake in the company over the past year to 4.8 percent from 6.2 percent.

News & Analysis

Primark Rejects £30 Million Bonus for Bringing Back Staff

12 July 2020 • By Reuters

12 July 2020 • By Reuters

The fast fashion retailer said it would not take advantage of a British government scheme despite losing £650 million in net sales a month since stores were forced to shutter.

News & Analysis

Primark Rejects £30 Million Bonus for Bringing Back Staff

The fast fashion retailer said it would not take advantage of a British government scheme despite losing £650 million in net sales a month since stores were forced to shutter.

News & Analysis

Ted Baker Faces Investor Revolt Over Executive Pay

12 July 2020 • By Bloomberg

12 July 2020 • By Bloomberg

An advisory firm said the company’s decision to increase executive salaries and bonuses is not justified.

News & Analysis

Ted Baker Faces Investor Revolt Over Executive Pay

An advisory firm said the company’s decision to increase executive salaries and bonuses is not justified.

News & Analysis

US Targets French Luxury in Tariff Retaliation

12 July 2020 • By Bloomberg

12 July 2020 • By Bloomberg

The move comes after President Emmanuel Macron’s government said it would tax the Silicon Valley tech giants.

News & Analysis

US Targets French Luxury in Tariff Retaliation

The move comes after President Emmanuel Macron’s government said it would tax the Silicon Valley tech giants.

News & Analysis

Brooks Brothers Gets Bankruptcy Loan With Zero Interest Rate

11 July 2020 • By Bloomberg

11 July 2020 • By Bloomberg

The new $80 million loan will eliminate an early repayment penalty and give the company more time to close any sale arranged as part of the bankruptcy case.

News & Analysis

Brooks Brothers Gets Bankruptcy Loan With Zero Interest Rate

The new $80 million loan will eliminate an early repayment penalty and give the company more time to close any sale arranged as part of the bankruptcy case.

News & Analysis

Investor Drops Boohoo Shares Over Garment Worker Allegations

10 July 2020 • By Reuters

10 July 2020 • By Reuters

Standard Life Aberdeen, previously one of Boohoo's biggest investors, said the fast fashion group's response to reports of factory worker abuse was 'inadequate in scope, timeliness and gravity.'

News & Analysis

Investor Drops Boohoo Shares Over Garment Worker Allegations

Standard Life Aberdeen, previously one of Boohoo's biggest investors, said the fast fashion group's response to reports of factory worker abuse was 'inadequate in scope, timeliness and gravity.'

News & Analysis

Muji USA Files for Chapter 11 Bankruptcy

10 July 2020 • By Bloomberg

10 July 2020 • By Bloomberg

Even before the pandemic hit, the Japanese retailer's US unit had been operating at a loss for the past three fiscal years.

News & Analysis

Muji USA Files for Chapter 11 Bankruptcy

Even before the pandemic hit, the Japanese retailer's US unit had been operating at a loss for the past three fiscal years.

News & Analysis

Armani Returned to Sales Growth in 2019

10 July 2020 • By Reuters

10 July 2020 • By Reuters

While the results put the Italian group a year ahead of target amid a three-year streamlining turnaround, the company said it could not yet accurately estimate the full effects of Covid-19 on the business.

News & Analysis

Armani Returned to Sales Growth in 2019

While the results put the Italian group a year ahead of target amid a three-year streamlining turnaround, the company said it could not yet accurately estimate the full effects of Covid-19 on the business.

News & Analysis

John Lewis Set to Close Eight Stores and Cut 1,300 Jobs

9 July 2020 • By Reuters

9 July 2020 • By Reuters

The move follows as the British department store chain focuses on e-commerce, which is set to represent around 60 to 70 percent of its total sales this year and next.

News & Analysis

John Lewis Set to Close Eight Stores and Cut 1,300 Jobs

The move follows as the British department store chain focuses on e-commerce, which is set to represent around 60 to 70 percent of its total sales this year and next.

News & Analysis

Fast Retailing Predicts 50% Annual Profit Decline Due to Covid-19

9 July 2020 • By Reuters

9 July 2020 • By Reuters

Despite its recent forecast, the company saw Uniqlo's same-store sales rise 26 percent in June from a year earlier.

News & Analysis

Fast Retailing Predicts 50% Annual Profit Decline Due to Covid-19

Despite its recent forecast, the company saw Uniqlo's same-store sales rise 26 percent in June from a year earlier.