International News

Ferrero, the Italian brand that invented and manufactures the chocolate-hazelnut spread, opened its first all-Nutella cafe on May 31. The cafe is located in the city's Millennium Park Plaza. The cafe serves a mix of sweet and savory items centered...

The H&M group will be launching a new brand, ARKET, this year. ARKET, the new brand, will be a modern-day market, offering essential products for men, women, children and the home. The first store will open early autumn 2017 on...

RadioShack closed more than 1,000 stores over the weekend, leaving the chain with just 70 company-owned stores left in operation. The 96-year-old electronics retailer shut down most of its stores just two months after filing for Chapter 11 bankruptcy protection. At...

Naspers’ Turkish e-commerce site, Markafoni announced on Thursday on its website that it will discontinue operations and close, effective 30 June, 2017. Markafoni is an online shopping e-commerce site for Turkish consumers which deals in clothing and fashion accessories. “Despite initial success, the business...

On Wednesday, Amazon was granted a patent for a shipping label that includes a built-in parachute "to enable the delivery of packages by aerial vehicles (UAVs) or other aerial vehicles". The patent, as reported by GeekWire, was filed in August...

Michael Kors said Wednesday it will close 100 to 125 full-price stores over the next two years. The company had 827 retail locations as of April 1. The closures are intended to improve profitability, Michael Kors said. The retailer anticipates...

Retail giant Amazon has launched direct cargo flights from the US to Zhengzhou, capital of central China's Henan Province. The planes which were carrying products, including food, clothes and household appliances ordered by Chinese buyers, flew from New York, Chicago...

Berlin-headquartered Delivery Hero has agreed to acquire Carriage, the food delivery platform based in Kuwait. Founded by CEO Abdullah Jihad Almutawa, CFO Musab Jihad Almutawa, COO Khaled Youssef Alqabandi, and CTO Jonathan Lau, Carriage currently operates in the Gulf Council...

Online retail giant Amazon on Thursday opened its first brick-and-mortar bookstore in New York, selling a limited range of its highest-rated books. The offerings are limited to just 3,000 titles, none of which have received fewer than four out of...

Apple opened its first South-East Asia store in Singapore on May 27 and hundreds of shoppers camped out in anticipation of the launch. Braving the equatorial heat as early as Friday night, customers were greeted by Apple’s Senior Vice President of...

Singer Mariah Carey and her longtime manager, Stella Bulochnikov, are reportedly planning to open a beauty company here. "Mariah and Stella are opening a business together, their own beauty company that they hope will feature their own products of make-up,...

The Estée Lauder Companies has announced global leadership updates for Aveda, Bobbi Brown, La Mer and Bumble and bumble. These brands are part of the portfolio led by Jane Hertzmark Hudis, Group President. Global Brand President, Aveda, Dominique Conseil, has...

Nestlé has appointed Stuart Raetzman as CEO of Nestlé Skin Health, effective immediately. “I am very pleased that Stuart will be leading Nestlé Skin Health as CEO. Nestlé’s purpose is to enhance quality of life and contribute to a healthier...

CNBC reported late Tuesday that Jeff Bezos's multifaceted company has been taking on pharmaceutical talent. That includes both the hiring of a general manager to lead a potential unit and other prospects from the pharmacy sector, according to sources. For...