Bloomberg OVS SpA, Italy’s largest children’s clothing retailer, agreed to buy Charles Voegele Holding AG with two other investors for about 56 million francs ($57 million), ensuring the survival of the ailing Swiss chain after years of speculation about its future. The offer price of 6.38 francs per share is 2.1 percent higher than Charles Voegele’s closing price on ...

  Bloomberg Ikea, the world’s biggest furniture retailer, has selected asset manager Pradera as the lead bidder to buy 27 European retail parks surrounding its stores, according to a person with knowledge of the matter. Pradera has offered about 1 billion euros ($1.1 billion) to buy the assets which are being sold through broker Cushman & Wakefield Inc., the person ...

  AP As thousands of commercial drones take to the skies under new Federal Aviation Administration rules, some small operators are pursuing a coveted exemption that would allow them to fly their drones where they can’t be seen by the pilot. The companies who want them say the so-called line-of-sight exemptions are essential to someday use drones for such tasks ...