A receiver of New Zealand’s biggest homeware store has revealed how hard her firm tried to sell the business as a going concern, including approaching more than 50 would-be buyers. But in the end, attempts
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Moncler Takes Full Control of Stone Island
MILAN — Moncler said on Tuesday evening, at the end of trading, that it has entered into an agreement with Venezio Investments Pte. Ltd., an indirect, wholly owned subsidiary of Singapore’s state investor Temasek Holdings
Read moreFred Segal Opening Flagship in New Las Vegas Resort
Fred Segal is choosing Las Vegas as the next location for a new retail concept store. The Los Angeles brand will open a mixed retail project, featuring men’s and women’s apparel and accessories with Fred
Read moreSlide in growth stocks pummel Nasdaq, Powell testimony underway
(Reuters) – The Nasdaq index fell more than 2% on Tuesday as investors sold off mega-cap growth stocks on valuation concerns, while keeping a close eye on Federal Reserve Chairman Jerome Powell’s testimony in Congress.FILE
Read moreJanet Yellen Drops Hints
What Janet Yellen thinks The Treasury secretary opened the DealBook DC Policy Project yesterday, one of the few media interviews she has given since taking the job last month. Although she was typically understated in
Read moreNasdaq futures deepen slide ahead of Powell speech
(Reuters) – Futures tracking the Nasdaq index pointed to a more than 1% drop at the open on Tuesday as investors sold off high-flying technology stocks on valuation concerns ahead of Federal Reserve Chairman Jerome
Read moreWWD, Parsons, Yellowbrick Launch Online Fashion Business Course
WWD has teamed with the Parsons School of Design and the education platform Yellowbrick to produce Fashion Business Essentials — an online course digging deep into the trends shaping the industry today. The program includes
Read moreHSBC lowers ambitions on dividends, returns after pandemic-induced annual profit fall
HONG KONG/LONDON (Reuters) – HSBC Holdings PLC on Tuesday abandoned its long-term profitability target, and unveiled a revised strategy focused mainly on wealth management in Asia after the COVID-19 shock saw its annual profits drop
Read moreLiam Dann: Ratings upgrade a big tick for NZ, but what will it mean?
OPINION: If anyone still needed proof that New Zealand’s pandemic response has been the right one for the economy, then yesterday’s S&P Global Ratings upgrade should suffice. New Zealand is now the first developed nation
Read moreDBS faces lawsuits in India over takeover of Lakshmi Vilas Bank
DBS Group, South-east Asia’s largest lender, said it is facing lawsuits in India related to its recent takeover of a struggling local bank. Holders of Lakshmi Vilas Bank’s equity shares and Tier 2 bonds that
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