The suit claims that Matthew Whitman Lazenby, president and CEO of the company that owns Bal Harbour, made statements that "breached the parties’ contract and Bal Harbour’s fiduciary duty," according to Saks.
French media conglomerate Vivendi and activist fund Amber Capital - the two biggest shareholders in French company Lagardere - said they would go to court over Lagardere's refusal to hold a special shareholders meeting.
The problems afflicting the UK high street have been illustrated by news from the Local Data Company (LDC) that showed a quarter of former BHS stores remain vacant, even though the retailer collapsed in 2016.
Influencers are concerned about their livelihoods being at risk from an executive order by the U.S. president that will effectively ban TikTok if its Chinese parent does not reach a deal to divest it by mid-September.
Alibaba is in talks to raise its stake in a Chinese courier company with an aim to become the top shareholder, sources said, as it accelerates consolidation in the world's largest express delivery market.
China’s Alibaba Group has put on hold plans to invest in Indian companies, two sources said, amid souring business relations and rising political tension between the two nations after a clash on their Himalayan border.
TikTok said on Monday that it had "no choice” but to sue the Trump administration over U.S. President Donald Trump’s executive order banning transactions in the US with the popular short-form video-sharing app.
Taiwan on Monday gave the domestic branch of Alibaba's e-commerce site Taobao six months to re-register as a Chinese investment rather than a foreign one, or leave, in the government's latest shot against Chinese firms.
Financiere Agache, a unit of luxury goods group billionaire Bernard Arnault, will buy up a 27% stake in Arnaud Lagardere's personal holding company LCM, Arnault and Lagardere said in a joint statement on Wednesday.
The Council of Fashion Designers of America has announced the upcoming launch of Runway360, a digital platform designed to keep members of the American fashion industry connected during the Covid-19 pandemic.