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Walmart considering acquiring stake in Turkish retailer
New York -- A Thursday report by the Financial Times said that Wal-Mart Stores Inc. is in discussions with Turkish retailer Migros Ticaret AS to acquire an 80% stake in the company from London-based private equity group BC Partners.
The Times said that Walmart held meetings with Migros managers in recent days in Turkey but it had not placed a bid for the Turkish retailer. Sources have not been identified and Wal-Mart so far has not commented. -
David Yurman, Miu Miu to open at Westfield Valley Fair
Santa Clara, Calif. -- Westfield announced that David Yurman and Miu Miu will open first-to-market stores at its Westfield Valley Fair property in Santa Clara, Calif. A new Prada boutique will open as well, joining other luxury retailers such as Burberry, Tag Heuer, Wolford, Mont Blanc, Louis Vuitton, Tiffany and Cartier.