Shares in shopping centre giant Intu rose by more than half on Tuesday and continued rising Wednesday as it published figures suggesting its cash position will remain positive in 2021 if it gets a deal with its lenders.
UK consumers are looking forward to socialising and taking part in plenty of activities that have been banned during the lockdown and this could bode well for future fashion purchases, new figures have shown this week.
Hammerson Chief Executive Officer David Atkins will step down, the shopping mall owner and operator said on Wednesday, as it faces a crisis spurred by coronavirus-induced shop closures and a collapse in rent.
Macy's Inc said on Tuesday it planned to raise $1.1 billion (£893.36 million) in a bond offering, backed by a first mortgage on some of its properties, to repay funds borrowed under a revolving credit facility.
Chinese tech giant Tencent Holdings will invest 500 billion yuan ($70 billion) over the next five years in technology infrastructure including artificial intelligence and cybersecurity, the company said Tuesday.
HFR will host a virtual fundraiser in order to build funds for Icon 360, a nonprofit made to provide relief to designers of color who are pivoting their businesses in response to Covid-19 and need funding to scale.
Bernard Arnault, Europe’s richest man, has acquired a one-quarter stake in Arnaud Lagardère’s holding company, in a move that will be seen as an attempt to support the family of his fellow French billionaire.
The U.S. continued its cautious reemergence from a coronavirus-linked shutdown over the past week, with measures of retail foot traffic slowly increasing but broader indexes of economic activity still stalled.
John Hargreaves, the multimillionaire founder of discount retailer Matalan, is suing PwC over claims the accounting firm gave him bad advice on how to avoid paying taxes when he moved from the UK to Monaco.