Shinsegae sells Samsung Life Insurance shares for duty-free biz
Samsung Life Insurance
Seoul - Yonhap
South Korean retail giant Shinsegae and its discount retail chain unit E-Mart have sold their stakes in Samsung's insurance unit for 655.2 billion won (US$600 million), industry sources said Friday, securing cash for the upcoming bid for a new duty free shop.
Shinsegae and E-Mart each sold 3 million shares in Samsung Life Insurance Co. via a block sale after Thursday's market closing, shortly after announcing its stock sale plan.
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France's Carrefour revamps operations
Paris - Emiratesvoice
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Beirut - NNA
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Paris - Emiratesvoice
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Taipei - Emiratesvoice
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Paris - Emiratesvoice
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to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
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