International News

Toys"R"Us Asia Ltd has entered into an agreement to unify the Toys"R"Us business in Japan with the company's business in Greater China and Southeast Asia. Headquartered in Hong Kong and in partnership with the Fung Retailing Group, the enlarged Toys"R"Us...

Luxury shoe and bag retailer Jimmy Choo, with market value of over 700 million pounds (Rs 5,800 crore), had in April 2017, put itself up for sale. The retailer said it had "decided to conduct a review of the...

The UK economy grew by just 0.3 per cent at the start of this year, the slowest growth rate since the first three months of 2016, according to official figures released on Friday. The Office for National Statistics (ONS) said...

Fendi has opened Fendi Ginza, a new flagship boutique infused with the latest global concept inside Ginza Six. Renowned for the historically acclaimed craftsmanship of its skilled artisans and extraordinary creativity, the Maison’s core values and artistic passion will have...

Coca-Cola plans to cut 1,200 jobs as it deepens its cost-cutting initiatives in response to sluggish soda sales. The job cuts account for about one percent of the soda giant’s 100,300 employees. The soda giant said it would trim the...

The French luxury group LVMH, led by billionaire Bernard Arnault, is to take full control of Christian Dior, in a complex US $13 billion deal that reunites the fashion house with the perfume and other Dior brands. According to LVMH,...

Luxury shoe and bag retailer Jimmy Choo, with market value of over 700 million pounds (Rs 5,800 crore), has put itself up for sale. The retailer said it had "decided to conduct a review of the various strategic options open...

Canberra, Australian retailers are preparing for the invasion of US giant Amazon, and have vowed to take the fight up to the online-based store when it comes to local shores. Amazon confirmed its rapid Australian expansion by announcing its search...

Women's clothing chain Bebe Stores said Friday that it would close all of its locations after a string of losses. The company, which had 180 stores at the end of 2016, also plans to liquidate all merchandise and fixtures within...

Online shoppers in Britain spend more per household than consumers in any other country, the UK Cards Association said in a report. UK households spent the equivalent of US $5,900 using payment cards online in 2015, the BBC quoted the...

Starbucks Coffee Company announced that it will make sure 100 million healthy coffee trees get into the hands of coffee farmers that need them by, 2025. This effort is part of the company’s ongoing commitment to provide comprehensive support...

The Estée Lauder Companies Inc. announced leadership appointments for its two largest markets, North America and the United Kingdom (U.K.) and Ireland. After an extraordinary career, Thia Breen, Group President, North America, has made the decision to retire. Chris Good,...

The fashion chain Jaeger collapsed into administration on Monday, putting 700 high street jobs at risk. The group's directors have appointed AlixPartners to oversee the process following failed attempts by the company's private equity owner, Better Capital, to sell the...

Sunoco LP has announced that it entered into a definitive asset purchase agreement for the sale of a majority of its convenience stores to 7-Eleven, Inc. ("7-Eleven"). Total consideration in the transaction is US $3.3 billion in cash plus fuel,...