International News

Chinese e-commerce giant Alibaba's Chairman Jack Ma, in a meeting with Pakistan Prime Minister Nawaz Sharif in Davos, has said that his company has a lot of interest in investing in the country. According to a ANI report: The two...

Walmart, which had announced a year ago it would close 269 under-performing stores, including 154 that employ  approximately 10,000 workers, in the United States, has now announced that it will add 10,000 retail jobs in the country this year. The announcement has won...

China's e-commerce giant Alibaba said on Tuesday that it has joined a group of 20 brands to fight counterfeit goods using data analysis. Alibaba said it was the first alliance to fight counterfeits and it includes both Chinese and international...

The world's largest glasses maker Luxottica has agreed to a 46 billion euro merger with rival French eye wear firm Essilor to create a global colossus with revenues of more than 15 billion euros, the firms said on Monday. Luxottica...

US-based e-commerce and cloud computing company Amazon has plans to create more than 100,000 new jobs in the US over the next 18 months, a media report said. The e-commerce giant, which employs 180,000 full-time US workers, said in a...

The McDonald's restaurant chain is again inviting bids for the sale of part of its stake in McDonald's Holdings, a company that manages the brand's operations in Japan, after an unsuccessful attempt in 2015. The parent company, which owns around...

Apple's iPhone 7, iPhone 7 Plus and iPhone 6s were the three most popular smartphones in the US at the beginning of the three-month holiday period last year, making a combined share of 31.3 per cent, media reported. At 55.3...

Canadian apparel maker Gildan Activewear Inc won a bankruptcy auction to acquire ailing fashion retailer American Apparel for $88 million in cash. Gildan said on Tuesday it will buy manufacturing equipment and intellectual property rights related to American Apparel, but the...

Fast food giant McDonald's will set up its largest franchisee outside the US in China. The US food chain on Monday announced it would partner with a group of investors, making the new company the largest franchisee outside America, Xinhua...

Jack Ma, founder and chairman of China's e-commerce giant Alibaba, on Monday met with US President-elect Donald Trump and discussed plans to help US small businesses sell products to China through the company's platform. "I think the President-elect is very...

Even as e-commerce behemoth Amazon.com and teen apparel store chain Forever 21 vye to acquire bankrupt and ailing fashion retailer, American Apparel LLC, Indiaretailing Bureau brings you the rise and fall of the fashion retailer. 1989 born American Apparel is a 21st century...

Indian-origin shop-owners are locked in a naming row with one of Britain's biggest retail chains, Sainsbury's, after they decided to name their local store in south-east England Singhbury's, according to a PTI report. Co-owners Inderjit Singh Nagpal and Manmeed Singh...

Celebrity chef Jamie Oliver is set to close six of his Italian restaurants after tough trading and the pressures and unknowns following the Brexit vote. Oliver intends to close Jamie's Italian restaurants in Aberdeen, Exeter, Cheltenham, Richmond, Tunbridge Wells and...

America's largest department store chain Macy's said it is shutting down 68 stores and cutting more than 10,000 jobs, the media reported. The announcement on Wednesday was issued alongside an unfavourable earnings report, showing comparable store sales dipped 2.1 per...