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Ivanka Trump to shut fashion brand as big-name stores drop it

Bloomberg Ivanka Trump, the president’s daughter, is pulling the plug on Ivanka Trump, the purveyor of womens’ fashion. After a year and a half of sporadic controversy over potential conflicts of interest, Trump, a White House adviser, said that she would wind down the company. She made the decision after some big-name department stores dropped her brand, but said in ...

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Fosun considers takeover of $10bn-insurer Ageas

Bloomberg Fosun International Ltd., the Chinese group backed by billionaire Guo Guangchang, is considering an offer for all or parts of Belgian insurer Ageas in what could be its boldest move to expand its international footprint, people familiar with the matter said. Shanghai-based Fosun is talking to advisers about alternatives including teaming up with a partner to split the Brussels-based ...

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Facebook sets up China subsidiary to build innovation hub

Bloomberg Facebook Inc.’s apps and websites are still blocked in China, but that’s not stopping the social media giant from trying to open a center in the country to support local startups. Facebook set up a Chinese subsidiary, Facebook Technology (Hang Zhou) Ltd., earlier this month, according to a filing with the National Enterprise Credit Information Publicity System. The subsidiary, ...

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