Bloomberg Nakumatt Holdings Ltd., East Africa’s largest retailer, is seeking a court order to enter administration as part of a plan to revive its debt-laden business. The Kenyan company will go to court on November 8 for a hearing on the application, which proposes that “business-turnaround professional” Peter Kahi of PKF Consulting Ltd. be appointed as administrator, according to a ...

Bloomberg Banks can hightail it from the UK. For retailers threatened by Brexit, it’s not so easy—they’ve got to stay put even if a disorderly departure from the European Union clogs trade routes and empties store shelves. As the UK charts an increasingly erratic course towards Brexit, retailers like Tesco Plc, J Sainsbury Plc and Next Plc that sell a ...

Bloomberg Hermes International SCA said it will open two new leather-goods production sites over the coming two years in France to meet surging demand for products that include the $10,000 Birkin handbag. One facility will be located near Bordeaux and the other will be in the Paris region, Hermes said. Each will employ about 250 workers. Increasing production is a ...