Bloomberg Woolworths Holdings Ltd appointed Roy Bagattini from Levi Strauss & Co as chief executive officer to replace Ian Moir, who will step down after nine years at the helm of the South African retailer. Bagattini, 56, will start next month, the Cape Town-based company said in a statement. He is the head of the Americas region of the US ...

Bloomberg Target Corp tumbled after posting holiday sales that were below its own expectations and slashing its fourth-quarter sales outlook, delivering a warning sign for the entire retail sector that tougher times lie ahead. Comparable sales — a key barometre of retail performance — rose 1.4% in the November-December period, far less than last year’s 5.7% growth. Target plans to ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai, on Tuesday announced during the second Dubai Council’s meeting, that a new district under the name of ‘Dubai Future District’ dedicated to the new economy will take shape in Dubai. The Dubai Future District will see Dubai World ...