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Westfield Group remain tight-lipped about Starwood deal Wednesday, 22nd May 2013
Westfield Group are allegedly in the early stages of agreeing a deal with Starwood Capital Group to sell seven of its U.S. shopping malls, according to Reuters. Private real estate investment company, Starwood Capital Group, are thought to offering in excess of USD 1 billion for the acquisitions, a source revealed on Wednesday.
Hudson's Bay boosts Tommy Hilfiger presence in Canada Wednesday, 1st May 2013
Hudson’s Bay is to open some shops-in-shops for Tommy Hilfiger as the department store giant boosts the assortment of the American sportswear brand across Canada.
Myron Ullman to return as CEO of J. C. Penney Tuesday, 9th April 2013
J. C. Penney has brought back former CEO Myron Ullman following Ron Johnson’s removal from the position. Following Johnson’s appointment as CEO, succeeding Ullman who had occupied the position from 2004 to 2011, he introduced a policy in which the department store chain would cease offering discounts through coupons and limited time bargains in favour of always lower prices.