German retailer Metro AG plans to sell its struggling Real hypermarket chain, which some analysts say could fetch around 1 billion euros and attract interest from potential buyers including online giant Amazon .
On the eve of its semi-annual results, the company celebrated the reopening of its Milanese flagship. FashionNetwork.com analyses the event that reveals the intricacies within the omnichannel retail giant.
The fashion and footwear shows hosted by Ifema will open on 7-9 September, marking the beginning of a new era under the leadership of Charo Izquierdo. Changes will include more menswear, technology and sustainability.
Casino, which is battling to ease investor concerns about its high debt levels, posted stronger-than-expected second-quarter revenue, thanks to accelerating sales in France and Brazil, and predicted solid growth ahead.
A deal between Carrefour and Tesco to team up on global purchasing will help them not only cut prices but also expand their own-label ranges, tightening a squeeze on major brand producers such as Nestle and Kraft Heinz.
Saks Fifth Avenue owner Hudson’s Bay Co is in discussions with Austrian property and retail group Signa Holding GmbH about a joint venture for its German retail chain Kaufhof, two sources said on Monday.