After bailing out menswear label Corneliani, the Italian government is supporting the growth of womenswear label Liu Jo via a €15 million loan by state-controlled investment bank Cassa Depositi e Prestiti.
Ikea sees sales returning to growth this year after the coronavirus crisis boosted shoppers' interest in spending more on their homes, a trend the world's biggest furniture retailer believes is here to stay.
The program will provide those selected with business-building bootcamp, one-on-one mentorship, monetary funding including grants, and a shot at pitching their company to industry experts, investors and Sephora leaders.
Walmart is to sell its UK supermarket chain Asda to a consortium comprising private equity group TDR Capital and the founders of petrol station operator EG Group. The purchase price is £6.8 billion ($8.8 billion).