The struggling department stores will shut down the units this month, resulting in 660 job losses.

The Italian private equity fund Dgpa Capital, controlled by Style Capital, has sold the 100% stake of the beachwear brand Sundek’s global licensee to Italian group Mo.Da Gioielli. 

The cosmetics giant will move its London office to White City building, where other companies like Ralph&Russo and Yoox Net-a-Porter will also open new offices. 

The chief executive officer of the group, Maela Mandeli, plans to “energize” the image of the brand after QuatrrroR acquired 60% of the stakes of the company last year.  

The American cosmetic company, which acquired a majority stake in the brand last November, has created a new roadmap for the company with a new chief executive officer.  

The American fashion company operates with one factory in the United States, around twenty in Asia, a dozen in Italy, one in Spain and Peru. 

The British company Bonmarché, that hired FRP Advisory to handle its administration process in October, has stated that the company’s creditors may not recover much of the money they are owed. 

The French luxury company has planned to close its store in Times Square mall in Causeway Bay shopping district amidst protests in the region. 

The company sealed the deal with a board meeting today, it says in a feeling. Avon shareholders own 27.3% of the combined company’s capital.