South Africa’s Steinhoff priced the initial public offering (IPO) of its African unit at 20.50 rand on Friday, the middle of the marketed range and valuing the business at about 71 billion rand ($5.40 billion).
JD has acquired a 15% stake in a South Korean footwear chain in a joint venture with Shoemarker Inc. The British retailer plans to buy an additional 35% of the business at a later date and rebrand it as JD.
H&M’s Q3 revenue growth was dampened by a need to offer more discounts, the Swedish fashion retail giant said Friday, although it also added that the cloud had a silver lining as its AW inventory is much cleaner.
Canadian lifestyle retailer Roots Corp said on Wednesday it filed a preliminary prospectus with the securities regulatory authorities in Canada for a proposed initial public offering of its common shares.
Macy’s Inc will increase by 20 percent the number of workers it hires during the holiday shopping season to staff distribution and warehouses that support its online business, but total holiday hiring will fall.
John Lewis chairman Sir Charlie Mayfield is calling for a “serious debate in Parliament about what kind of Brexit we’re going to have” as UK consumer confidence weakens and the group says H2 will be affected.