British clothing retailer Next has agreed to acquire a 25% stake in upmarket smaller rival Reiss and has an option to take its holding to 51%, it said on Wednesday.
Next said it will pay 33 million pounds ($46 million) for the equity and also make a debt investment of 10 million pounds, financed from its cash resources.
The group has an option to acquire an additional 26% interest at pre-agreed terms. The option falls away after July 2022.
Main Photo: EPA/ANDY RAIN
Electrolux plans to lay off 1,700 people in Italy, more than 40% of its workforce in the country, and close one of its plants there, Italian trade unions said on Monday.
The Swedish ...
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Electrolux plans to lay off 1,700 people in Italy, more than 40% of its workforce in the country, and close one of its plants there, Italian trade unions said on Monday.
The Swedish ...
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Ukrainian President Volodymyr Zelenskiy said that Russia has no intention of ending the more than four-year-old war with his country and Kyiv was preparing for further attacks.
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Ukraine struck Russia’s oil infrastructure in the Black Sea port city of Tuapse for the third time in a month, local authorities said Tuesday.
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