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Beauty & Wellness
L’Oreal China and Alibaba team up on green packaging
L’Oréal China and Alibaba Group signed an agreement committing to using environmentally packaging in order to reduce waste in China.
The agreement, which will be rolled out over the next five months, includes a pledge from L’Oréal to switch to...
Food
Carrefour and Tesco announce long-term strategic partnership
Carrefour and Tesco have announced their intention to form a long-term strategic agreement.
This agreement will cover strategic relationships with suppliers as well as the joint purchase of own-brand products and non-market goods. It will be governed by three-year operational...
International News
Online shopping will become a lot more exciting with the launch of Mall.Global. The US $500 million debut venture of Dubai based tech firm revealed the project outline that is all set to give traditional e-commerce a facelift by...
Food
Kroger and Nuro partner to pilot autonomous delivery
The Kroger Co. and Nuro has announced a new partnership to redefine the grocery customer experience for Americans by piloting an on-road, fully autonomous delivery experience.
Together, America's largest supermarket retailer Kroger and Nuro, maker of the world's first fully...
Fashion & Lifestyle
Fourth quarter revenue of NIKE increases 13 percent to US $9.8 billion
NIKE, Inc. has reported financial results for its fiscal 2018 fourth quarter and full year ended May 31, 2018.
Fourth quarter revenue increased 13 percent to US $9.8 billion driven by strong double-digit revenue growth in international markets and NIKE...
Food
Starbucks Corporation has announced a set of strategic priorities and corresponding operational initiatives to accelerate growth and create long-term shareholder value.
Starbucks details three strategic priorities to regain revenue and earnings momentum:
- Accelerating growth in the U.S. and China, the...
International News
Google to invest US $550 mn in Chinese e-commerce player JD.com
In an apparent move to rebuild its presence in the country, tech giant Google is set to invest US $550 million in cash into Chinese e-commerce player JD.com.
"As part of a strategic partnership, Google will put US $550 million...
Fashion & Lifestyle
Gap Inc. appoints new global head of Gap brand
Gap Inc. has announced the appointment of Neil Fiske as President and Chief Executive Officer of Gap brand. Fiske will begin his new role on June 20, 2018, and will serve on the company’s senior leadership team, reporting to...
International News
Advent International to acquire majority stake in Walmart Brazil
Walmart and Advent International, one of the largest and most experienced global private equity investors, announced that Advent has agreed to invest in a majority stake in Walmart Brazil to strengthen the business and position it for long-term success.
Under...
Food
Starbucks chief Howard Schultz leaves firm after 36 years
IANS -
Starbucks Executive Chairman Howard Schultz, who oversaw the growth of the coffee chain into a global powerhouse, has said he is quitting the company after nearly four decades.
Schultz, who retired as Chief Executive last year, is to relinquish his...
Fashion & Lifestyle
H&M’s Afound to open its first store in Stockholm and Malmö
Afound has announced the opening dates for its first two stores, which will be located in Stockholm and Malmö. The Stockholm store will open on June 14 at Drottninggatan 53, while the Malmö store will open on June 16...
International News
Alibaba to invest over 100bn yuan on smart logistics
IANS -
Chinese e-commerce giant Alibaba Group on Friday announced that it will invest over 100 billion yuan to build a smart logistics network, aimed at improving the company's efficiency and delivery reach to customers.
The announcement was made by Jack Ma,...
Food
Walmart introduces shop-by-text service
Walmart has introduced personal shopping service in collaboration with Jetblack. The service gives customers access to personal shoppers through text message by paying US $50 per month.
Jenny Fleiss, Co-Founder and CEO of Jetblack said, “Consumers are looking for more...
International News
As part of ongoing efforts to streamline the company's operations and focus on our Best Stores, Sears has identified approximately 100 non-profitable stores, 72 of which will begin store closing sales in the near future.
"We continue to evaluate our...
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...