Amazon.com has invested around 45 billion rupees ($634.20 million) into its Indian subsidiaries as the Seattle-based e-commerce giant ramps up operations in one of its fastest growing markets. Documents filed …
France’s LVMH, the world’s largest luxury group by sales, has approached jeweller Tiffany & Co about a takeover that would see the US company known for its diamond engagement rings join …
Vietnam restaurant chain Mon Hue has closed down without notice, evidently unable to pay its debt. Restaurants under the Mon Hue brand along with sister chains including Pho Ong Hung …
Waitrose has opened one new store and confirmed plans for another in the UAE. The first new store, which will be operated by Fine Fare Food Market, opened in in …
Hudson’s Bay Company, which owns Saks Fifth Avenue, has agreed to be taken private in the latest upheaval to hit the retail sector. The Canadian-based retailer will buy back the …
Domino’s has run into trouble in Europe: the company, that operates the pizza chain’s UK franchise, has abandoned an expansion into Switzerland, Norway, Sweden and Iceland after its stores there …
After its successful launch in Hyderabad and Mumbai, Swedish furniture giant Ikea is now looking at expanding in tier-II cities as a part of its phase 2 expansion plan. The …
Would it surprise you to learn that online sales for the USA in 2018 amounted to less than 15% of all retail in total? Well, ecommerce only represented 14.3% of …
Nike is reportedly planning to end its supply agreements with independent retailers over the next two years as it focuses efforts on its direct-to-consumer division. According to The Sunday Times, …
Uber has announced it will acquire Santiago-based Cornershop, an online grocer serving Chile, Mexico, Peru and Toronto, according to a press release. The acquisition is expected to close in early …