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American apparel lays off workers, mulls outsourcing

  Reuters Teen apparel retailer American Apparel Llc is laying off hundreds of workers as it overhauls its production process, which could include outsourcing part of its production to another US manufacturer, the Los Angeles Times reported. “If we do decide to produce some pieces out-of-house, they will still be American-made,” Chief Executive Paula Schneider wrote in a letter obtained ...

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Malaysia’s Aeon Co sets up $260mn Islamic debt plan

  Reuters Mall operator Aeon Co Malaysia has established twin debt facilities to raise up to 1 billion ringgit ($260 million) in Islamic securities, according to a regulatory filing by credit rating agency RAM Ratings. The issuance plan from Aeon, 51 percent owned by Japan’s largest retailer Aeon Co Ltd, includes 15-year Islamic medium-term notes and 7-year Islamic commercial papers. ...

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Irish Ryanair extends charm offensive with loyalty rewards

  DUBLIN/ Reuters Ryanair is all set to launch its first loyalty scheme in decades, introduce customer satisfaction surveys and allow “one-tap” upgrades using mobile phones as it extends its efforts to rid itself of a reputation for poor service. The Irish low-cost airline, Europe’s largest by passenger numbers, has seen profits and passenger numbers soar since Chief Executive Michael ...

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