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Prada S p A : Japan's Onward sells Jil Sander label to Italian luxury group OTB


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TOKYO (Reuters) - Japanese retailer Onward Holdings is selling its loss-making Jil Sander brand to Italian luxury conglomerate OTB, which will add the label to a collection that includes Diesel, Maison Margiela and Marni.
Onward, which bought the Jil Sander brand for about $244 million in 2008, said in a Tokyo Stock Exchange release on Friday that the subsidiary recorded a loss of 17.8 million euros ($21.22 million) in the year through February 2020.
The company, which depends heavily on sales at Japanese department stores and has struggled with pandemic-related closures and weak consumer spending, said it aimed to shore up its finances by exiting the Jil Sander business. ....

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North-South Highway: slow site clearance and material shortage


North-South Highway: slow site clearance and material shortage
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 01/03/2021
  
14:08
GMT+7
Some provinces have failed to meet the Prime Minister’s deadline for site clearance for the eastern part of the North – South Highway.
Some provinces have failed to meet the Prime Minister’s deadline for site clearance for the eastern part of the North – South Highway.
Six out of 11 sections of the eastern part of North-South Highway for the period of 2017-2020, which were converted to public investment, have started. Two other sections that are also invested by the State are expected to start in May. ....

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