Capco, the property developer that owns the freehold of Covent Garden, has announced it is considering a demerger after reviewing the “changing profile and scale” of the central London shopping district.
The company is leaving its home in Langholm in July as it said its new premises in Carlisle will be more accessible for its partners. The current head office will be transformed into a heritage centre.
Shareholders of Westfield Corp voted in favour of a $16 billion takeover offer from Unibail-Rodamco, Westfield Chairman Frank Lowy said on Thursday, closing the biggest takeover offer of an Australian company on record.
The South African retailer has repaid about 2 billion euros ($2.34 billion) of its debt in Africa after its local unit used the proceeds of a fundraising to pay back 16 billion rand ($1.26 billion) in shareholder loans.
Target Corp’s first-quarter profit came in below analyst estimates as price cuts, higher wages and investments in its online business ate into margins, sending shares down 5 percent in afternoon trade on Wednesday.
The massive store has five customer “recharge” seating areas, free Wi-Fi and 54 fitting rooms. It is being built on Primark’s new shop fit with immersive tech elements including two LED shop-front video windows.
M&S had some good news Wednesday as it reported more customers, higher e-sales and improved Clothing & Home margins. But all other figures were poor as it spent heavily to force through the change it desperately needs.
U.S. civil liberties groups on Tuesday called on Amazon to stop offering facial recognition services to governments, warning that the software could be used to target immigrants and people of colour unfairly.
In shock news, Tesco said it is to close its Tesco Direct non-food webstore, which sells clothing, homewares, furniture, electricals, toys, health & beauty and more, after conducting a review of the lossmaking business.