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International News
Explained – What Jack Ma’s retirement means for India
IANS -
That he speaks impeccable English despite being a Chinese comes from the fact that Jack Yun Ma, Co-Founder and Executive Chairman of e-commerce behemoth Alibaba, graduated from Hangzhou Teacher’s Institute with a major in English and later became a...
International News
Alibaba CEO Zhang to succeed Jack Ma as Chairman
IANS -
Chinese e-tailer Alibaba Group's Chief Executive Daniel Zhang will be the new chairman, succeeding its co-founder Jack Ma from September 10, 2019, the global firm announced on Monday.
"Ma will continue as the executive chairman of the company over the...
International News
Jack Ma to step down as Alibaba chief, to pursue philanthropy
IANS -
In a surprising move, China's richest man, Jack Ma, has revealed plans to step down as the Executive Chairman of e-commerce giant Alibaba on Monday to pursue philanthropy in education, paving the way for a change of guard for...
International News
Walmart unboxes America’s best toy shop
When it comes to toys, Walmart is not playing around! Walmart has unboxed its plans for America’s Best Toy Shop: its destination for kids’ favorite products – toys! – in its stores and on Walmart.com. Walmart’s toy aisles are...
Food
The Coca-Cola Company to acquire Costa
The Coca-Cola Company has announced that it has reached a definitive agreement to acquire Costa Limited, which was founded in London in 1971 and has grown to become a major coffee brand across the world.
The acquisition of Costa from...
Food
Nestlé and Starbucks close deal for global license of Starbucks CPG and Foodservice products
Nestlé and Starbucks Corporation announced the closing of the deal granting Nestlé the perpetual rights to market Starbucks Consumer Packaged Goods and Foodservice products globally, outside of the company’s coffee shops.
Through the alliance, the two companies will work closely...
Food
PepsiCo enters into agreement to acquire SodaStream International Ltd.
PepsiCo, Inc. and SodaStream International Ltd. announced that they have entered into an agreement under which PepsiCo has agreed to acquire all outstanding shares of SodaStream for US $144.00 per share in cash, which represents a 32 percent premium...
Fashion & Lifestyle
VF Corporation announces intention to create two independent, publicly traded companies
VF Corporation, a global leader in branded lifestyle apparel, footwear and accessories, announced that its Board of Directors intends to separate the company into two independent, publicly traded companies: VF Corporation, a global apparel and footwear powerhouse, and a...
Fashion & Lifestyle
Crocs to outsource manufacturing of clogs, other footwear
Colorado-based footwear company Crocs Inc is closing company-owned manufacturing plants in Italy and Mexico by year's end and replacing its chief financial officer.
According to a PTI report: The company announced the outsourcing of additional manufacturing and the closure of...
International News
Brookstone files for Chapter 11 protection to facilitate sale of the company
Brookstone Company, has announced that it is seeking a buyer. To facilitate the sale, the company filed voluntary petitions under chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware in Wilmington....
Food
First standalone Princi store in U.S. opens in Seattle
Take a look at a map of Italy and you’ll find the region of Calabria at the toe of the boot, its rugged mountains jutting into a turquoise sea. Rocco Princi grew up in a small village here, surrounded...
Food
Starbucks and Alibaba Group enter into strategic partnership in China
Starbucks Coffee Company and Alibaba Group Holding Ltd. has announced a deep, strategic 'New Retail' partnership that will enable a seamless Starbucks Experience and transform the coffee industry in China.
Collaborating across key businesses within the Alibaba ecosystem, including Ele.me,...
Food
Kroger launches direct-to-customer e-commerce platform Ship
The Kroger Co. has announced the introduction of Kroger Ship, its new direct-to-customer e-commerce platform.
"Kroger Ship is our next step in creating a seamless experience that allows our customers to shop when and how they want," said Yael Cosset,...
Fashion & Lifestyle
Leonardo DiCaprio invests in sustainable footwear brand Allbirds
IANS -
Actor Leonardo DiCaprio's latest investment will help in making sustainable, eco-friendly fashion more mainstream with his sustainable footwear company 'Allbirds‘.
The environmentally conscious actor has been active towards the battle against climate and environmental changes, and has now invested in...
Latest News
The Luxottica report card for 2022
A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
