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Retail

Famous Brands warns of R874m impairment

Oct 15 2018 12:03

Famous Brands has decided to recognise an impairment of R874m pre-tax at Group level, with the basic loss per share expected to be up to 623 cents per share for the six months ended August 31, 2018.

Retail

Grand Parade Investments chair vows to ward off 'hostile takeover'

Oct 11 2018 19:09

Dr Hassen Adams, executive chair of empowerment company Grand Parade Investments is determined to ward off what he calls an attempted hostile takeover.

Retail

Jooste advised friends to sell Steinhoff stock before collapse

Oct 10 2018 19:38

South Africa’s financial regulator has been made aware of the message to sell the South African retailer’s shares days before the stock collapsed, according to two people familiar with the situation.

Retail

Steinhoff bondholders said to offer loan as part of bankruptcy filing

Oct 04 2018 18:00

A group of Steinhoff bondholders may inject about $300m into the retailer’s troubled US bedding unit Mattress Firm as part of a bankruptcy filing, according to sources.

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Retail

Luxury reels as talk of China border checks fans trade fear

Oct 04 2018 23:00

Shares of luxury-goods companies from Japan’s Shiseido to France’s LVMH have fallen after social media reports that China is stepping up customs checks on citizens bringing in goods from overseas.

Retail

Barnes & Noble soars as going private could mean faster changes

Oct 04 2018 16:46

Barnes & Noble, facing management upheaval and shrinking revenue, buoyed shareholders’ spirits with news of it's weighing acquisition interest from several parties, including chairperson Len Riggio.

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