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India’s Reliance to buy dozens of brands in $6.5bn consumer goods play
Reliance plans to build a portfolio of 50 to 60 grocery, household and personal care brands within six months and is hir...
Tod’s says China lockdowns won’t derail 2022 results
The analyst consensus is for 2022 sales of around 970 million euros and a 5 per cent EBIT margin.
Ferragamo CEO promises quick turnaround despite China hit
Marco Gobbetti, who joined the family-owned group in January from Burberry, forecast a rise in Ferragamo's sales this ye...
Adidas lowers 2022 expectations amid China lockdowns
Adidas also cut its operating margin forecast, saying it will remain at the previous year's level of 9.4% instead of inc...
Amazon results and outlook fall short as warehouse, fuel costs soar
The company expects to lose as much as $1 billion in operating income this quarter, or make as much as $3 billion.
ACCC sues Uber for misleading fares, seeks $26 million penalty
Uber said that ever since the ACCC has raised the issue, it has “worked to streamline our in-app messages to make it cle...
Facebook-owner Meta to open first physical store in metaverse bet
Meta Platforms is set to open its first physical store as the company plots a course to take its highly touted metaverse...
European beauty manufacturers face supply crisis amid Ukraine-Russia war
European perfume- and cosmetics-makers face shortages of paper, glass, and some key oils and alcohols, as Russia's invas...
As western retail brands exit, Russia looks east for replacements
Russia is looking to China, India, Iran and Turkey to plug the gap created by an exodus of western retail companies, an ...
GameStop posts quarterly loss on supply woes, Omicron hit
Global video game retailer GameStop – which owns EB Games in Australia – has reported a net loss for the fourth quarter,...
Shareholders urge Amazon to boost tax transparency
The 100 groups that signed the letter included several environmental, social and governance-focused and religious funds,...
Uniqlo to suspend Russia operations in U-turn
The company was notable stand out among major retail brands.
Alibaba reports slowest revenue growth since going public
Speaking on an investor call, deputy CFO Toby Xu said the drop was caused in part by lowering merchant fees amid the slo...
Louis Vuitton set to raise prices this week as costs climb
Louis Vuitton, the world's biggest luxury brand, will become one of the first big labels in the industry to hike prices ...
In relief for retailers, Vietnam won’t close factories amid Covid surge
The government is targeting economic growth of 6 per cent to 6.5 per cent this year, up from 2.5 per cent in 2021.
Mandatory masks, tests as NY Fashion Week embraces ‘new normal’
Fashionistas will be accessorising their outfits with mandatory masks to attend New York Fashion Week this season, adher...
Chinese fashion retailer Shein revives plan for New York listing
It was not immediately clear how much the company was looking to raise from its New York debut.
Nike sues Lululemon over Mirror Home Gym
Nike, based in Beaverton, Oregon, is seeking triple damages for Lululemon's alleged wilful infringement, and a variety o...
China’s Alibaba pledges carbon neutrality by 2030
Alibaba promised to achieve carbon neutrality by 2030 in its own direct emissions - known as "scope 1" - as well as its ...
Legislation imposes world-leading lifetime ban on cigarette purchasing
The number of stores legally allowed to sell cigarettes will be reduced from 8000 now to just 500.
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