Bloomberg Jorge Perez, the billionaire who helped turn South Florida’s skyline into a beacon for Latin America’s wealthiest, is preparing to hand over his empire. The 66-year-old developer, known as Miami’s “Condo King,” said he hopes his sons Jon Paul and Nicholas will take the reins of the Related Group soon so he can focus more on travel, philanthropy …

  Bloomberg Steinhoff International Holdings NV agreed to buy UK discount chain Poundland Group Plc for £597 million ($794 million) as the South African company looks beyond Britain’s Brexit vote to further expand its European retail interests. Steinhoff’s cash offer is worth 222 pence a share, about 40 percent more than where the stock was trading before bid speculation sent …

  Reuters Jarir Marketing, one of Saudi Arabia’s largest retailers by market value, missed analysts’ estimates as it posted a 17 percent fall in second-quarter net profit amid a decrease in sales of computers and office supplies. It made a net profit of 128.5 million riyals ($34.3 million) in the three months to June 30, down from 154.9 million riyals …