Retail News
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With David Jones Ltd. trading at the lowest price to its net assets in eight years, the Australian department store’s real estate is making it a buyout candidate.
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Alibaba Group Holding Ltd., China’s largest e-commerce provider, agreed to repurchase about a 20 percent stake in itself from U.S. Web portal Yahoo! Inc. for about $7.1 billion ahead of a potential initial public offering.
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Van Cleef & Arpels, the jewelry house owned by Cie. Financiere Richemont SA, expects to win gem sales from Chinese consumers concerned with declining stock and property investments.
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JPMorgan Chase & Co.’s holdings of home-loan bonds from outside the U.S. soared 35-fold in the past three years. Now, with its chief investment office facing scrutiny after a $2 billion trading loss, investors are raising concern the European market’s biggest buyer will pull back.
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