Luxury Swiss watchmakers, usually not fans of online retailing, are launching a new digital Watches & Wonders event on Wednesday to show off their latest products, hoping to revive sales hit by the coronavirus crisis.
Hammerson has been frustrated in what it thought was a done deal for seven of its retail parks with that £400 million deal now permanently off, although it can now access the £21 million deposit that had been paid.
Shares in Hammerson have plunged by more than 7% after the shopping centre owner revealed that its plan to raise £400 million by offloading a portfolio of retail parks has failed to complete by the deadline.
Hammerson has sold a portfolio of seven retail parks to Orion for £400m, in what is thought to be the largest transaction of its kind in the past decade. Only one retail park remains in the company's portfolio.
Swiss watchmaker Oris has unveiled a new timepiece to support annual men's health awareness campaign Movember, enrolling New York Yankees manager Aaron Boone to promote Oris's efforts to "change things for the better.
Shares in struggling British shopping centre operator Intu Properties Plc jumped more than 20% on Monday after a report that private equity firm Orion Capital Managers was considering a buyout of the company.
A boom in online luxury goods sales is finally convincing high-end watchmakers, long sceptical that customers would pay thousands to buy intricate timepieces on the web, to step up their investments in e-commerce.