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Ikea in talks to buy city-centre retail property in big European cities

Ingka Group's investment arm is pushing into real estate.

Tiffany beats profit estimates on soaring China demand

Tiffany & Co, which is being bought by French luxury giant LVMH, beat Wall Street expectations for quarterly profit on T...

Dire forecast for global luxury goods sales

Sales of luxury goods worldwide are set to fall by 23 per cent this year.

Amazon US launches online pharmacy in new contest with drug retail

The move builds on the web retailer’s 2018 acquisition of PillPack, which Amazon said will remain separate for customers...

VF Corp adds Supreme to its stable in US$2.1 billion deal

VF Corp will pay US$2.1 billion to buy streetwear apparel company Supreme, adding another popular brand to the Vans shoe...

McDonald’s launches new growth strategy; beats profit estimates

Business unveils "McPlant" line of plant-based menu items.
Alibaba logo

Alibaba sales exceed forecasts on Chinese e-commerce growth

Alibaba Group beat third-quarter revenue estimates, driven by e-commerce growth after China emerged from coronavirus loc...

Alibaba reportedly looking to invest in online fashion retailer Farfetch

Shares of London-based Farfetch jumped about 16% to $32.59 following the news.