Hamley, the world’s oldest toy retailer, is set to be acquired by Reliance Brands Ltd., part of a Mumbai-based conglomerate owned by Mukesh Ambani, the richest man in India.
It was only five years ago that Palm Beach Outlets opened in West Palm Beach, Fla., yet in that brief time the 440,000-sq.-ft. center has become an important magnet in the region.
Despite a surging bottom line, Tapestry Inc. reported second quarter profit and sales that were below Street estimates, citing a volatile economic and geopolitical backdrop.
