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McDonald’s on expansion spree

To further strengthen its position in the Indian market, popular QSR chain McDonald's is planning to open several new outlets to cross the total store count of 250 by the end of the current calendar year. “We currently have...

Walmart appoints Cindy Davis as EVP, Global Consumer Insights

 Walmart has appointed Cindy Davis as executive vice-president of Global Consumer Insights. Davis will lead the newly created Insights team, helping both Walmart and Sam’s Club understand broad consumer trends, provide insight into customers’ needs across the world and...

Walmart banks on ‘sustainability’ for profitable growth

Walmart, the world's largest retailer by sales, is using its expertise in sustainability as a means for profitable growth.“We are moving more aggressively to integrate into our business strategy and operations a holistic sustainability plan for 100 per cent...

American Apparel appoints John Luttrell as EVP, CFO

American Apparel Inc, manufacturer, distributor and retailer of branded fashion apparel, has recently announced the appointment of John J Luttrell as executive vice-president (EVP) and chief financial officer (CFO) with effect from February 7, 2011. Luttrell, a graduate of...

Philip Clarke, Tesco’s incoming CEO, names executive committee

Philip Clarke has announced the composition of his executive committee to take effect on March 1, 2011; when he succeeds Sir Terry Leahy as group chief executive of Tesco plc. “Given that the size and scope of the...

Coty Inc. gearing towards initial public offering

Coty Inc. seems to be heading towards an initial public offering, as industry watchers speculate. Two private equity firms, Berkshire Partners and Rhône, made a cash infusion into the beauty firm, making minority equity investments in the $3.6 billion...

Drugstore chain Walgreens makes executive appointments

US-based drugstore chain Walgreens has recently announced the appointment of Graham W. Atkinson as senior vice-president and chief customer experience officer with effect from January 24. He will be responsible for developing and leading the company’s loyalty strategies with...

Tony Fisher becomes president of Target’s Canadian operations

Minneapolis-based Target Corporation has named Tony Fisher as the president of its Canadian operations. In this position, Fisher will be responsible for building the team, establishing the headquarters and leading the day-to-day operations of the corporation’s recently announced expansion...

Michael Francis to oversee Target’s entry into Canada

Target Corporation has recently announced that the company’s chief marketing officer, Michael Francis, will serve as the executive committee sponsor of Target’s entry into the Canadian market. In this role, Francis will oversee the extension of Target’s brand as...

Morrisons to acquire 16 Netto stores from Asda

UK-based supermarket chain Morrisons has entered into an agreement with Asda to acquire 120,000 sq.ft of additional selling space through the purchase of 16 former Netto UK stores at a cost of £28.1 million. Obtaining the stores is conditional...
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The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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