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Valesco buys majority stake in Moncler’s headquarters in Milan

European real estate fund manager The Valesco Group, a portfolio company of New World Group, has acquired a majority stake in a 200-million-euro state-of-the-art office building being developed by Covivio SA, which will serve as the global headquarters for luxury fashion brand Moncler in Milan. Located in Milan's Symbiosis district, the 409,000...

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The Children’s Place reports ‘significant improvement’ in gross profit margin to 35% in Q3

The Children’s Place, Inc., an omnichannel children’s specialty portfolio of brands, reported a decrease of 18.8 percent in net sales to 390.2 million dollars for its third quarter, compared to 480.2 million dollars for the three months that ended October 28, 2023. For the three months ending November 2, 2024, net income was 20.1 million...

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