By Reuters Staff
3 Min Read
TOKYO, March 8 (Reuters) - Japanese shares reversed course to end lower on Monday as some investors adjusted positions ahead of the end of the fiscal year, while concerns over rising U.S. bond yields also weighed on sentiment.
The Nikkei share average fell 0.42% to close at 28,743.25, while the broader Topix edged down 0.14% to 1,893.58.
“Investors are trying to take advantage of the recent rally to adjust their positions toward the end of the fiscal year in March,” said Takashi Hiroki, chief strategist, Monex Securities.
Japanese shares made a strong start to 2021, with the Nikkei touching 30,000 level for the first time in 30 years last month on optimism over COVID-19 vaccine rollouts and an economic recovery.
Japanese shares fell for a second straight session on Friday as overnight declines on Wall Street prompted domestic investors to sell index heavyweights and high-flying technology shares.
By Reuters Staff
2 Min Read
BERLIN, Feb 15 (Reuters) - ProSiebenSat.1 Media is seeking a buyer for its online beauty retailer Flaconi, a source familiar with the matter said on Monday, as Chief Executive Rainer Beaujean seeks to streamline the German broadcasting group.
Potential buyers include German fashion e-tailer Zalando , perfumery store chain Douglas and French luxury goods group LVMH’s Sephora, added the source, who requested anonymity due to the sensitivity of the matter.
A sale process is just beginning, the source said, after Manager Magazine reported that Zalando had expressed an interest in buying Flaconi. ProSieben flagged Flaconi as a sale candidate last September.
Apparel retailer Gap Inc on Thursday forecast a return to sales growth this year, as it expects sales at its Athleta brand to double in the next two years and the roll-out of COVID-19 vaccines to drive traffic at its stores.
By Reuters Staff
2 Min Read
FILE PHOTO: Makkah Mall, one of the shopping malls operated by Arabian Centres, is pictured in Makkah, Saudi Arabia, April 17, 2019. REUTERS/Waleed Ali
DUBAI (Reuters) - Saudi Arabian retailer Fawaz Abdulaziz Alhokair has agreed to buy a minority stake in e-commerce platform VogaCloset, it said on Wednesday, seeking to boost its online presence.
Alhokair said it will acquire 25.5% of the share capital in the UK-based e-commerce company, with the 68.9 million riyal ($18.4 million) transaction funded through its own resources.
“This deal will allow Alhokair to gain access to a leading international website with a strong position and presence in the Middle East and Saudi Arabia to strengthen its brands and bring it closer to its customers,” Alhokair said in a bourse statement.