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Next sells plot of land for 54.1 million pounds

British retail giant Next has sold a plot of land in Essex generating the company net cash proceeds after costs of 54.1 million pounds. In a regulatory filing, Next said the transaction also brings in an exceptional profit – meaning the deal does not form a part of its normal business – of 16.3 million pounds. The plot of land, located near...

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Retail

Global brands intensify focus on India’s fast-expanding consumer base

Global fashion and luxury brands are increasingly shifting their focus to India as growth in mature markets stagnates, according to a report by The Economic Times. The attraction is grounded in India’s large population of aspirational, younger consumers with rising incomes — a demographic that is reshaping spending patterns and brand strategies....

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