Miniso: The New York-listed Chinese retailer looking to take London high streets by storm February 26, 2024 Shein was first - but it isn't the last Chinese operation coming for London
Covent Garden leasing demand drives Capital & Counties rental growth February 23, 2022 Capital & Counties Properties has revealed strong demand levels for leasing in Covent Garden was one of the main drivers behind the company’s valuation uplift in the second half of 2021. In the year ended 31 December, the property investment giant reported a total equity of £1.8bn, while underlying net rental income increased from £43.6m [...]
US issues warning over doing business in China’s Xinjiang province July 14, 2021 The US has issued a warning to companies doing business in China’s Xinjiang province. The Xinjiang Supply Chain Business Advisory said that businesses and firms who still have supply chains and investment ties in the Chinese region ‘could run a high risk of violating US law.’ Washington cited evidence of genocide and other human rights [...]
Softbank board loses dissenting voice as Uniqlo founder leaves December 27, 2019 The founder of clothes company Uniqlo will resign from the board of Softbank after 18 months in the job. Tadashi Yanai, who is chief executive of Uniqlo, will leave the Softbank independent board member post at the end of the month to focus on his fashion business. Read more: Softbank ‘tightening governance’ at firms it [...]
Battersea Power Station opens doors to the public after decades since landmark closed October 14, 2022 After four decades out of action, London’s iconic Battersea Power Station is opening to the public today, as owners of the Grade II listed landmark hope to cement it as one of the capital’s top retail and leisure destinations. More than 60 shops and bars are opening today at the Art Deco development, including a [...]
Pink goes offline as Covid takes the shirt off its back January 13, 2021 Pink Shirtmaker, the fashion retailer that became famous trading under the name Thomas Pink, has been shuttered by owner LVMH. Covid appears to have seen off the shirtmaker, which had been struggling for years and closed its Jermyn Street flagship in December. All traces of its social media channels, online store and links on the [...]
Grab buys investment startup as it beefs up financial offering February 4, 2020 Softbank-backed startup Grab today said it has acquired retail wealth management startup Bento as the app looks to expand its financial services offering. The Singapore-based firm said Bento will be rebranded as Grab Invest, and its products will be rolled out in its home market and across southeast Asia in the first half of the [...]
US executive to leave Softbank’s $100bn Vision Fund February 5, 2020 A top US executive is leaving Softbank’s $100bn Vision Fund after expressing concerns about “issues” at the Japanese investment giant, which has been hit by a series of setbacks over the past few months. Michael Ronen, a former banker at Goldman Sachs who joined Softbank in 2017, told the Financial Times he was leaving and [...]
Coronavirus: Ikea shuts mainland China stores following outbreak January 29, 2020 Ikea is the latest company to announce it will temporarily close stores in China due to the outbreak of coronavirus. The Swedish retailer will shut around half of its 30 stores in mainland China until further notice to help halt the spread of the disease, the company’s owner Ingka Group said. Other global chains including [...]
Activist investor Elliott builds up $2.5bn stake in Softbank February 6, 2020 Activist hedge fund Elliott Management has reportedly built a $2.5bn (£1.93bn) stake in Softbank. The activist investor is discussing ways it could boost the value of the Japanese conglomerate, according to Reuters reports. One of the issues reportedly being discussed is how SoftBank can improve the decision-making process at its Vision Fund and the possibility [...]