Eddie Lampert has stepped in to contribute towards a financing package of between $500 million and $600 million that the U.S. retailer was close to securing on Sunday to fund operations during bankruptcy proceedings.
Walmart Inc said on Friday it has acquired online lingerie retailer Bare Necessities for an undisclosed amount, its second apparel-focused acquisition in less than two weeks as it seeks more inroads into online fashion.
Amazon could face a threat other than just EU antitrust scrutiny after a key EU lawmaker announced proposals aimed at curbing online marketplaces' use of merchants' data to boost sales of own brand products.
Following predictions from industry observers indicating Chinese company Icicle as the favourite to take over Carven, the French brand has confirmed that the premium fashion group is indeed the new owner of the house.
Sears Holdings CEO Eddie Lampert is exploring a bid for some of the U.S. retailer's businesses and real estate once it files for bankruptcy, an alternative to a traditional court-supervised reorganization.
Sneaker start-up brand Allbirds may only be three-and-a-half years old but it has already garnered a total of $75 million in funding, after a fresh $50 million investment, lifting its company valuation to $1.4 billion.