Fendi to Open in Brazil

Thanks to Fendi, the latter will soon be part of the fashion mix in Brazil. The Roman fashion house, prized for its sables and inlaid minks, is to open a flagship on Wednesday in São Paulo’s Cidade Jardim, its first unit in South America’s largest country. “There’s a growing appreciation for luxury there,” said chief... Continue Reading →

Marco-Pierre White closes Dubai restaurant

British celebrity chef Marco-Pierre White has shuttered an upmarket restaurant branded with his name in Dubai, just weeks after denying to Arabian Business that its closure was imminent. Melia Dubai announced this week that the Titanic restaurant has closed down following a mutual decision to end its partnership with controversial chef White. Last month, when... Continue Reading →

Tiffany to Open First Store in Russia in 2014

RAPAPORT... Tiffany & Co. announced plans to open its first retail outlet in Russia — a two-level store in Moscow’s GUM department store, , located in Red Square. The store will be approximately 4,520 square feet large and is expected to open in spring 2014. The store’s interior will feature archival motifs symbolic of Tiffany’s... Continue Reading →

Pick n Pay not optimistic on sales outlook

FOOD inflation and increases in the price of petrol and municipal services will continue to "burden consumers’ disposable income, while economic growth and household spending is likely to remain sluggish", Pick n Pay chairman Gareth Ackerman warned in the group’s annual report on Monday. This echoes the pessimistic outlook of other retail companies, which expect... Continue Reading →

Edcon Loss Widens

Edcon Holdings Pty Ltd., a South African clothing retailer owned by Bain Capital Partners LLC, posted a wider annual loss as changes in stores and management disrupted sales. Same-store retail sales growth slowed to 0.4 percent in the year through March, from 7.4 percent a year earlier, the Johannesburg-based company said in a statement today.... Continue Reading →

Foschini’s profits increase

Johannesburg - The Foschini Group, South Africa's No.3 listed clothing retailer, missed estimates with an 11 percent rise in full-year profit as debt-laden consumers cut back on spending. Foschini, which also sells jewellery and furniture, said diluted headline earnings per share totalled 851.3 cents in the year to end-March compared with 766.1 cents a year... Continue Reading →

Aldar announces opening date for Yas Mall

Aldar Properties said on Monday that its Yas Mall retail project will open on March 26 next year, The Abu Dhabi developer said construction is currently 78 percent complete and ahead of schedule with major milestones being achieved including the permanent power and chilled water connections. “We are incredibly pleased to have reached this important... Continue Reading →

Primark clothes sold online through Asos tie-up

The UK chain famed for its cut-price clothing is one of the fastest growing fashion retailers in the country but has so far resisted launching its own website to sell products. John Bason, the finance director of Primark’s parent company Associated British Foods, said the trial will last a “few months” and include menswear and... Continue Reading →

New Parklands mall opening July

Cape Town, 30 May 2013: Regarded as one of the fastest growing middle class suburbs in South Africa, Parklands in Cape Town’s Northern Suburbs continues to attract interest, thanks to easy access to local schools and main transport links, and close proximity to Blouberg & Table View beaches. Now, a new shopping centre will offer... Continue Reading →

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