BERLIN (Reuters) – German retailer Metro AG plans to sell up to a quarter of its Russian cash-and-carry unit in a London listing in coming months to raise funds to invest in the fast-growing business and pay down debt.
Metro (MEOG.DE: Quote, Profile, Research, Stock Buzz) said its supervisory board had given its approval last Friday for the company to prepare for an initial public offering in London in the first half of the year, which it said was subject to market conditions.
BERLIN (Reuters) – Spanish fashion label Desigual is accelerating its expansion in Europe and emerging markets, seeking to ride predictions of fast growth in women’s apparel while also taking the colorful brand into new areas like perfume and shoes.
The Barcelona-based company has gained a reputation for bright garments and bold marketing, offering free clothes to shoppers who arrive in their underwear to special sale parties.
BERLIN, Jan 16 (Reuters) – Associated British Foods
expects improved profitability at its Primark discount fashion
chain to offset a weaker than expected performance at its sugar
unit this year.
The company’s trading update on Thursday said that a strong
Christmas helped Primark to a better than expected profit margin
in the 16 weeks to Jan. 4, with the chain resisting pressure to
discount stock after an unusually warm September and October
delayed sales of winter clothing.