PARIS — Carrefour said Monday it had signed a memorandum of understanding with real estate investment firm Klépierre to buy 127 shopping malls in France, Spain and Italy for a total of 2 billion euros, or $2.7 billion at current exchange, as part of a plan to boost its European hypermarket business.
The world’s second-largest retailer behind Wal-Mart Stores Inc. said it would create a company encompassing a total of 172 shopping malls adjoining its hypermarkets.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)