By Planet Retail2013-05-08T07:00:00+01:00
French retailer Carrefour and Turkish partner Sabançi Holding are to reorganise the governance of their joint venture.
Sabançi, which was the minority shareholder, has increased its share capital in CarrefourSA by an additional 12% to 50.8%. Carrefour’s stake is 46.2%.
Syrian refugee children have been making clothes for Marks Spencer and Asos, it has been claimed.
Retail round-up on June 9, 2016: UK prime minister David Cameron slams Sports Direct’s “appalling practices”, and Tesco's Giraffe chain changes ownership.
Retail round-up on June 8, 2016: Dominic Chappell blamed for BHS's demise, Tesco may sell Kipa and Giraffe chains and Amazon expands on groceries.
With both Tesco and Superdry pulling out of international ventures on the same day, Retail Week asks whether UK retail is scaling back its global ambitions.
The coronavirus crisis will wipe $2.1trn (£1.7trn) off of global retail sales in 2020, new data has predicted.
The coronavirus outbreak has sparked fears and headlines worldwide since emerging in the Chinese city of Wuhan at the start of the year.
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