Will a day go by this month when Hammerson isn't in the news? Perhaps not. The big story today is that the proposed mega-merger between the shopping centres giant and its smaller peer isn't going to happen.
The New York-based consumer brands group announced on Tuesday that it has signed a multi-year deal with Chinese sportswear manufacturer and distributer Beiying Sports Technology Co. to expand its Avia brand to China.
The shoe designer has entered into a new Chinese partnership with Luxba Group, the Hong Kong firm owned by billionaire entrepreneur Adrian Cheng, in a bid to relaunch in China and reach more Millennials in the region.
Ikea Group, owner of most Ikea budget furniture stores, said on Tuesday it would open one of its new, smaller city-centre stores in downtown Paris by summer 2019 as part of a push to become more accessible to shoppers.
The £3.4 billion acquisition of Intu by Hammerson might never happen, despite the French company that could have derailed the deal walking away from another bid for the larger of the two UK shopping centre giants.
Walmart Inc, the world’s largest brick-and-mortar retailer, said on Tuesday it has made extensive changes to its website, betting that a cleaner, more modern walmart.com will help it win market share from Amazon.com Inc.
The Miami-based apparel company announced on Monday that it has signed a licensing agreement with Taesok Optical Co. for the production of Perry Ellis Portfolio branded eyewear to be distributed in South Korea.