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Steinhoff acquires S African shoe retailer as profit rises

  Bloomberg Steinhoff International Holdings NV said it sees further opportunities for growth in its main markets as the acquisitive South African clothing and furniture retailer announced its latest purchase and reported a 20 percent rise in full-year profit. The company agreed to buy Tekkie Town, a South African shoe retailer with 302 stores, Steinhoff said in a report posted ...

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Canada’s Aritzia to raise $234mn in Toronto IPO

  Bloomberg Aritzia LP, the Canadian women’s fashion retailer, aims to raise about C$300 million ($234 million) from its initial public offering, in what would be the country’s largest IPO since the C$1.83 billion sale of electric utility Hydro One Ltd. in October. Aritzia shareholders Berkshire Partners and company founder Brian Hill plan to sell 20 million subordinate voting shares ...

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Experts discuss way out for UAE’s cooling bill

  Dubai / Emirates Business Sustainability and construction experts have said that a new approach to traditional architecture designs, intelligent products, climate-tailored building designs, and 3D technology are optimal solutions for tackling the UAE’s cooling bill. The carbon footprint of the Emirates will be one of the core topics discussed at the upcoming Middle East Façades Summit, taking place on ...

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