International News

German discount supermarket chain Aldi is creating 4,000 new jobs in the UK to match rising sales, with new jobs including store assistants and deputy store managers. The grocer, which has more than 700 UK stores, said that it saw...

Amazon says it will add 900 jobs at a Boston office that's set to open next spring. According to a PTI report: The online retail company said yesterday it has signed a lease for a 14,000-sqare-meter space in a building...

True Religion Brand Jeans has secured critical stakeholder support for a comprehensive financial recapitalization of the company’s capital structure. In signing a Restructuring Support Agreement (“RSA”) with the substantial majority of its Term Loan Lenders and its Sponsor, TowerBrook...

Alibaba Group Holding Limited (NYSE: BABA) announced that it will invest approximately US $1 billion to increase its stake in Lazada Group, the leading e-commerce platform in Southeast Asia, from 51 per cent to approximately 83 per cent. This transaction demonstrates the...

In a bid to expand its customer outreach, Apple on Saturday opened its first-ever store in Taiwan. The store is located on the ground floor of the iconic building Taipei 101 of Taiwan's capital Taipei. Apple Taipei 101 features the company's...

With an aim to tap deeper into the US's large home appliances market, Samsung Electronics said it would invest US $380 million in the country to set up new production facility, which is likely to generate about 950 jobs. The...

Tesco is cutting 1,200 jobs at its head office and support centres as part of a major cost-cutting drive as the UK grocery leader adjusts to increasing cost pressures. Tesco said in a statement that the head-office cuts are “a...

It takes two years for a garment to go from fashion to pollution. The landfills are today filling up with apparel at an alarming speed. One brand with belief in a better way ahead is making waves around the...

E-commerce giant JD.com, China’s largest retailer and Farfetch, the leading global e-commerce platform for the fashion industry, has announced a strategic partnership that will create the premier platform for luxury e-commerce across China, opening a gateway to an US...

Amazon.com has unveiled a service that ships up to 20 items of clothing, shoes or accessories at a time for customers to try and pay for only those they don't return within seven days. Shoppers receive a 20 per cent...

Nestlé has acquired a minority interest in Freshly, a leading provider of direct-to-consumer (DTC) healthy prepared meals, which currently supplies consumers in 28 states with weekly shipments of meals. As the lead investor in the US $77 million round...

Mars has announced two important hires as the business accelerates its focus on digital innovation and growth. CEO and President, Mars, Grant F. Reid, said: "Digital is changing the way our consumers and customers experience our products and services. New...

Former One Direction star Zayn Malik, who joined forces with Italian fashion house Donatella Versace to launch his first range last October, has unveiled his second line for the luxury label. He has revealed that it was inspired by his...

Walmart announced that it has entered an agreement to acquire Bonobos, one of the leading apparel brands built on the Internet, for US $310 million in cash. Following the closing, Founder and CEO of Bonobos, Andy Dunn, will report...