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Business

Toys 'R' Us gets court permission to borrow US$2bil after filing for bankruptcy

NEW YORK: Toys 'R' Us Inc got court permission on Tuesday to borrow more than US$2 billion to start paying suppliers so it can stock up on items like Lego building blocks and Barbie dolls for the holiday season, a day after it filed for bankruptcy.

Business

Toys ‘R’ Us files for bankruptcy ahead of holiday season

Wilmington, Delaware: Toys ‘R’ Us Inc, the largest US toy store chain, filed for bankruptcy protection late Monday, the latest sign of turmoil in the retail industry that is caught in a viselike grip of online shopping and discount chains.

Business

Sycamore Partners to buy Staples for US$6.9bil

NEW YORK: Sycamore Partners said it would acquire US office supplies chain Staples Inc for US$6.9bil, a rare bet by a private equity firm this year in the US retail sector, which has been roiled by the popularity of Internet shopping.

TECH

As retail stores close, where are the jobs going?

While experts say more store closures are coming, something else is occurring: The losses of traditional retail jobs are being absorbed by the likes of Amazon, with its new fulfilment centres and warehouses.

Style

Fancy headgear, hippy prints – it’s New York Fashion Week!

The first act of the style spectacle that is New York Fashion Week opened late last week to a fanfare of riotous colour and swaggering clout.

News

Newly launched outlet mall to boost KLIA’s appeal

MFMA DEVELOPMENT Sdn Bhd, a joint venture between Mitsui Fudosan Co Ltd and Malaysia Airports Holdings Bhd, celebrated the launch of the Mitsui Outlet Park KLIA Sepang (MOP KLIA Sepang) last Wednesday.

Community

Ice cream brand opens KL flagship store with two infinity bars

ICE CREAM lovers can now have their very own customised Magnum experience with the opening of the Magnum Kuala Lumpur flagship store in Mid Valley Megamall.

Community

Ice cream brand opens KL flagship store with two infinity bars

ICE CREAM lovers can now have their very own customised Magnum experience with the opening of the Magnum Kuala Lumpur flagship store in Mid Valley Megamall.

Lifestyle

Look ahead to Spring/Summer 2015’s trends

Designs of the season point the way with an abundance of fashionable designs, cuts and materials.