Top fashion CEOs fear rising costs from climate change

The chief executives of seven top clothing companies, including Hennes & Mauritz Gap and Adidas , are calling on governments to agree a strong climate change deal, saying they fear global warming will drive up their costs. Almost 200 nations are meeting in Paris until Dec. 11, trying to work out a deal to limit a rise in temperatures blamed on increasing emissions of greenhouse gases. “We come together to acknowledge that climate change is harming the world in which we operate,” read the joint declaration, also signed by heads of Levi Strauss, Timberland-owner VF Corp , Eileen Fisher and Burton Snowboards.

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Top fashion CEOs fear rising costs from climate change

South Africa’s Truworths to buy majority stake in Office Retail Group

South African fashion retailer Truworths International said on Monday it has entered into an agreement to buy an 88.9 percent stake in Britain's Office Retail Group for 5.5 billion rand ($382 million). The British retailer's management will retain an 11.1 percent stake in Office. Truworths has the option to buy that stake within 3 to 5 years, it said in a statement.

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South Africa’s Truworths to buy majority stake in Office Retail Group

South Africa’s Truworths to buy majority stake in Office Retail Group

South African fashion retailer Truworths International said on Monday it has entered into an agreement to buy an 88.9 percent stake in Britain's Office Retail Group for 5.5 billion rand ($382 million). The British retailer's management will retain an 11.1 percent stake in Office. Truworths has the option to buy that stake within 3 to 5 years, it said in a statement.

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South Africa’s Truworths to buy majority stake in Office Retail Group