International News

Apple has announced its financial results for the third quarter of the fiscal year 2017, with profit rising to US $8.7 billion, nearly 12 per cent higher than in the same period of 2016. The strong results announced on Tuesday...

Starbucks has announced that it is closing all 379 of its Teavana stores by spring 2018 as they have been underperforming. These Teavana outlets are primarily based in malls across the country. The move will impact 3,300 workers. "Following a...

Starbucks Corporation has announced entry into a definitive agreement to acquire the remaining 50 per cent share of its East China (East China JV) business from long-term joint venture partners, Uni-President Enterprises Corporation (UPEC) and President Chain Store Corporation...

E-commerce giant Amazon on Thursday launched its Prime Now service in Singapore, a move seen as the start of its expansion in Southeast Asia, the media reported. The Singapore service promises two-hour delivery on items including groceries and electronics, reports...

Fashion house Michael Kors has bought shoemaker Jimmy Choo for just over US $1 billion. Under the terms of the transaction, Jimmy Choo shareholders will receive 230 pence per share, with an enterprise value of approximately US $1.350 billion. The...

Tesco has extended its same-day online grocery delivery service to 300 stores across the UK in a bid to cover 99 per cent of UK households. Customers can order by 1:00 pm to have their shopping delivered from 7:00 pm...

Noon.com, the Middle East’s soon to be launched e-commerce platform, founded by Mohamed Alabbar, has announced the appointment of Faraz Khalid as its Chief Executive Officer. Faraz Khalid is the Co-founder and former Managing Director of Namshi, the Middle East’s...

Louis Vuitton has launched an e-commerce service in China, seeking to capitalise on a rebound in the world’s largest luxury-goods market, where online sales have been dominated by local Internet giants. The website offers leather goods, small leather goods, shoes,...

Apple has appointed Deirdre O'Brien as Vice President of People, who will report to CEO Tim Cook. A nearly 30-year Apple veteran, O'Brien, currently Vice President of Worldwide Sales and Operations, will lead all HR functions including talent development, recruiting,...

Amazon has started selling ready-to-cook meal packages for busy households in a bid to expand its groceries business. The company has registered a trademark for its new meal kit service, which comes with the tagline "We do the prep. You...

In yet another move to grow big in the Chinese market, Apple has appointed Isabel Ge Mahe, currently Vice President of wireless technologies at the company, as new Vice President and Managing Director of Greater China. Reporting to CEO Tim...

As JCPenney continues to explore new merchandise categories and differentiate its business, the retailer is opening toy shops in all of its brick-and-mortar locations with a significantly expanded assortment available at JCPenney.com. Strategically adjacent to the Disney Collection inside JCPenney,...

Tiffany & Co on Thursday appointed former Diesel chief executive Alessandro Bogliolo as CEO. He will also be joining the board of directors. Bogliolo, a luxury industry veteran with 16 years of experience at Bulgari — where he was chief...

Luxury Fashion retailer Burberry has reported retail revenue of £478 million (US$613 million), up +3 per cent. Comparable sales increased 4 per cent in the quarter with strength in Mainland China driving improved, mid-single-digit percentage growth in Asia Pacific. In China, sales...