International News

The Estée Lauder Companies Inc has invested in DECIEM, a fast-growing, vertically integrated multi-brand company, driven by a consumer-centric focus that is already impacting the world of beauty. Terms of the investment were not disclosed. DECIEM was founded in 2013...

Nike has introduced the Consumer Direct Offense, a new company alignment that allows Nike to better serve the consumer personally, at scale. Leveraging the power of digital, Nike will drive growth—by accelerating innovation and product creation, moving even closer...

Nike Inc. said Thursday that it expects to cut 2 per cent of its global workforce, or about 1,400 workers, as a result of a corporate restructuring. Nike has 70,700 employees according to FactSet. Called the "Customer Direct Offense," the new...

Nestlé said on Thursday that it was considering a sale of its American candy business, the home of treats that include Gobstoppers, Nerds and Butterfinger and Crunch bars as demand for sweets has fallen off in the United States. Nestle...

Inditex, the world's biggest fashion retailer, has reported 18 per cent surge to €654 million for the first quarter, as sales rose by 14 per cent to €5.5 billion. The Spanish group, which owns eight retail chains including Zara, said...

US retail icon Sears Holdings Corp said on Tuesday it would cut 400 full-time jobs at its headquarters in Illinois as part of its plan to save more than $1 billion in costs annually. The cuts will primarily affect workers...

In its bid to attract young applicants, American fast-food chain McDonald's will hire some US workers this summer through the photo-sharing app Snapchat. The world's largest burger chain said the company and its franchisees will hire about 250,000 people across...

Chinese e-commerce firm Alibaba on Monday announced that it is launching new sales channels in Singapore, Malaysia, Hong Kong and Taiwan, in an effort to gather new users in the region. In Hong Kong, Alibaba will expand its product categories...

Children's clothing retailer Gymboree filed for Chapter 11 bankruptcy protection on Sunday evening as it attempts to escape from a crushing amount of debt. The retailer will seek to eliminate more than US $900 million of debt from its balance...

Carrefour announced the hiring of Alexandre Bompard as its new CEO according to the Wall Street Journal. The French company is Europe's largest supermarket retailer, and currently sells out of warehouses in hypermarket designs. It aims to increase online retail sales...

Tommy Hilfiger, which is owned by PVH Corp. has announced that Alex Pall and Andrew (Drew) Taggart – globally known as the celebrated pop music duo, The Chainsmokers – will appear as the global brand ambassadors for Tommy Hilfiger menswear,...

French cosmetics giant L’Oreal has entered exclusive talks to sell the Body Shop chain to Brazilian make-up company Natura Cosmeticos for €1 billion (£880 million). L'Oreal said on Friday it had received a firm offer from Natura Cosmeticos, and that the...

C.banner International Holdings Limited, the leading international integrated retailer and mid-to-premium footwear brand in China, has announced that Xuzhou C.banner Footwear, Ltd , an indirect wholly-owned subsidiary of the company, has entered into the joint venture agreement with Madden...