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Another retailer is entering the hotel arena
Muji, the Tokyo-based global retailer, will open its largest store to date — underneath its very own hotel. The company will open a hotel in in Tokyo's Ginza district in spring 2019. The hotel will be located in a new, 10-story building that will also house a 35,000-sq.-ft. Muji flagship. The store will occupy one basement floor up to part of the sixth floor above ground, with the rest of the space above devoted to the hotel, according to the Nikkei Asian Review. -
QVC to acquire its biggest rival in $2 billion-plus deal
In a deal that will bring together two longtime home shopping rivals, QVC is acquiring the Home Shopping Network. Liberty Interactive Corp., owner of QVC, currently owns 38.2% of HSN parent HSNi. Under the agreement announced Thursday, Liberty will acquire the remaining 61.8% stake, making HSNi a wholly-owned subsidiary. The all-stock transaction has an enterprise value of $2.6 billion.

