Russian state diamond miner Alrosa has secured a 44.2 billion rouble ($1.59 billion) loan from state-controlled bank VTB (VTBR.MM) which will allow it to redeem its short-term debt this year, VTB said on Friday.
France's Aeroports de Paris (ADP.PA) and Switzerland's The Nuance Group (TNG), a retailer partly owned by Stefanel (STEP.MI), gained permission from the European Commission on Monday to form a joint venture.
Unprecedented pre-Christmas discounting by the country's store groups is helping to improve consumer confidence, a survey showed on Friday, but retailers remain gloomy about their prospects heading into 2009.
The country's biggest sporting goods retailer Sports Direct posted a better-than-expected 7.4 percent increase in first-half underlying earnings and said it was on track to meet market expectations for the full-year.
Britain's biggest sporting goods retailer Sports Direct International Plc posted a better-than-expected 7.4 percent increase in first-half underlying earnings and said it was on track to meet market expectations for the full-year.
Despite U.S. retailers' parade of deep discounts and limited-time deals, the average consumer has completed much less holiday shopping by this point in the season than in previous years, according to a survey released on Tuesday, December 16th by the National Retail Federation
LVMH, the world's biggest luxury goods group, has scrapped a planned Louis Vuitton flagship store in Tokyo's glitzy Ginza shopping district, as a spreading recession takes the luster off designer brands.
Two shopping center operators failed to reach key agreements, one with a lender and one with a potential partner, reflecting an increasingly tough environment for real estate investment trusts as they try to shore up their balance sheets in the face of the credit crisis.