The re-ordering of the retail hierarchy continues. Boohoo, the online fast fashion business, is to acquire Debenhams, and perhaps also Burton, Dorothy Perkins and Wallis, while Asos – the other big name in sexy street style – is set to snap up Topshop.
The stores bearing these traditional High Street names will close forever, although the Topshop Oxford Circus flagship may become a showroom for Asos.
It is yet another sign that attention is turning to a less glamorous type of retail premises – warehouses and sheds.
They may be utilitarian, but many investors now see this type of building as an ideal home for some of their money.
Union Budget 2021: How Sensex, Nifty moved on Budget Day in last 10 years businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.
SL Green Realty Corp. :
Financial and Operating Highlights
Net income attributable to common stockholders of $3.43 per share for the fourth quarter of 2020 and of $5.85 for the full year as. | February 5, 2021
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American Express Elects Thomas Baltimore to Board of Directors
January 27, 2021 GMT
NEW YORK (BUSINESS WIRE) Jan 27, 2021
American Express Company (NYSE: AXP) today announced that Thomas J. Baltimore, Jr., Chairman, Chief Executive Officer and President of Park Hotels & Resorts Inc., has been elected to its Board of Directors, effective January 27, 2021.
“Tom is a highly-respected leader in the hospitality industry, with over 30 years of experience, including more than two decades in senior executive roles navigating global organizations through significant changes in travel and lodging,” said Stephen J. Squeri, Chairman and Chief Executive Officer. “He also brings extensive capital markets knowledge, and I know our Board will benefit greatly from his insights as we continue to execute our strategy and make investments to structure the company for long term growth.”
Budget 2021: Accord infrastructure status to real estate sector
The government can consider extending the harbor limit to 20 per cent for next three to four years.
Real estate sector is an important pillar for the economic growth and stability of the country. It is the second largest employment provider and also supports various sub-sectors, such as steel, cement, infrastructure. Consequently, the government has undoubtedly taken measures to incentivise the sector. However, owing to the ever-changing landscape, the sector faces many challenges, such as lack of liquidity, delay in projects, unstable demand among others.
To add to the issues, COVID-19 related lockdown led to an unprecedented era for real estate sector. Apart from the policy initiatives, the industry expects that the upcoming Union Budget 2021 will address direct tax challenges to alleviate the stress surrounding the sector.