CITI news and archive

End of September is deadline for Farm Rio acquisition bids

Farm Rio, a key brand within the Azzas 2154 (Azzas) group, recently dissolved its merger with Soma. The brand, which is now being considered for sale, is receiving non-binding proposals until the end of September. It is worth noting that following the demerger, Farm Rio will become an independent entity, with capital from both controllers,...

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Fashion

Shoppers to pay 10% more for jeans and T-shirts

Shoppers will pay pricey cotton and yarn as almost every retailer is aimed to pass the raw materials cost increase to their customers, in order to content margins. Recession- based discounts and special offers are to be soon disappeared as cotton prices have reached all-time highs, already doubling in the past year. In a collective warning, US...