Walmart is likely to reach a deal to buy a majority stake in e-commerce player Flipkart by the end of June in what could be the U.S. retail giant's biggest acquisition of an online business, according to two sources.
Japan’s Fast Retailing Co , owner of clothing chain Uniqlo, on Thursday posted a 35 percent rise in second-quarter operating profit and upgraded its full year forecast by 13 percent as overseas sales took the lead in driving growth.
Aeon Co Ltd, Japan’s largest retailer by sales, posted a record annual operating profit after a 14 percent jump from the previous year on the back of restructuring efforts, and forecast a further gain this year.
Investment bank Piper Jaffray released the results of its 35th semi-annual “Taking Stock With Teens” survey on Tuesday, revealing strong gains for the beauty sector and promising progress for streetwear and 90s fashion.
Restructuring clothing retailer Vivarte said on Wednesday it had reached a deal to sell its ready-to-wear Naf Naf brand to a consortium led by Chinese fashion company La Chapelle & Co, for an undisclosed amount.
“Thanks, but no thanks”. That’s the message shopping malls giant Hammerson delivered to Europe-based suitor/predator Klépierre on Wednesday morning after receiving an updated buyout proposal from the French firm.