British department stores Selfridges flies under Thai-Saudi flag Africa, Middle East On October 7, 2024, the Saudi Arabian public investment fund announced acquisition of Austrian Signa‘s shares in Selfridges Group.…
Retail media: Criteo signs Selfridges and Belk department stores Americas Europe After losing ManoMano and Boulanger in recent months, retail media specialist Criteo announced on October 8 a new partnership with U.S.…
Swiss department stores Globus are now under Central Group’s Thai governance Europe On September 30, Thailand-based Central Group (sales of €3.3 billion for Central Retail in H1 2024 up 6%), completed ownership of Switzerland’s Globus.…
Toy specialist Hamleys opens more concept stores in Dubai and London Africa, Middle East Europe In Dubai, on August 23, Hamleys (2023 sales: US$59 million, down by 8.8%, after a rise of 68% in 2022),…
Macy’s develops post-purchase retail media with Rokt AI Americas After a test phase last autumn, Macy’s Media Network, the Macy’s advertising network created in 2020, signed a partnership with New York-based retail tech Rokt on August 8,…
The Saudi public investment fund wants 50% of Selfridges Europe On July 15, following the publication of an insolvency report on the Austrian property company Signa,…
Department stores: faced with pressure from the market, Nordstrom wants to go private Americas According to WWD, the American department stores’ chain Nordstrom announced an intention to go private,…
Galeries Lafayette returns to 2019 sales levels Europe Galeries Lafayette celebrates a 130th anniversary this year. After returning to pre-Covid sales levels, the department store chain is forecasting revenue of €3.85 billion this year. Despite an expected slowdown during the Olympic Games, Asian expansion goals continue.
After very heavy weather, Chalhoub and Times Square take emergency measures Africa, Middle East Two heavy storms wreaked havoc in Dubai on April 16 (254 mm of water) and on May 2. The damages recorded,…
China and India don’t have enough luxury, says Savills Africa, Middle East Asia According to a Savills report published on May 15, luxury store openings worldwide fell by 13% in 2023.…
