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Walgreens shelves pharmacy Boots’ sale as market turmoil hits dealmaking

Boots was initially valued at as much as 8 billion pounds, or US$10.88 billion.

From poverty to billions. Vale: Leonardo del Vecchio, founder of Luxottica

Del Vecchio rose from a childhood in an orphanage to amass a fortune of tens of billions of euros.

Latitude Group rescinds buyout offer for Humm’s BNPL business

Australian digital payment and lending firm Latitude Group has terminated its $335 million offer to buy Humm Group's con...

Goodbye Golden Arches: rebranded McDonald’s stores to reopen in Russia

McDonald's last month said it was selling its restaurants in Russia to one of its local licensees, Alexander Govor.
Image of Apple store in Hong Kong

Apple to cut working hours for retail staff, Microsoft open to unionisation

Last week, the iPhone maker told Reuters it will raise pay for its US employees to $22 per hour or more.

Moscow’s ‘shuttle traders’ may return as Nike axes Russian franchise deals

Inventive Retail Group (IRG), which operates 37 Nike-branded stores in Russia through its subsidiary Up And Run, said th...

JD beats revenue estimates but CEO cautious over Covid outbreaks

JD CEO Xu Lei told analysts on a post-earnings call on Tuesday that the situation was far different to what China experi...

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.

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...

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...

China to crack down on tax evasion in livestreaming industry

Livestreaming has surged in popularity in China, with millions of influencers running channels such as of Douyin, the Ch...

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...

Starbucks faces backlash in China over police incident at store

Chinese consumers and media have become more aggressive about protecting customer rights.

Louis Vuitton set to raise prices this week as costs climb

Louis Vuitton, LVMH’s top fashion brand, will raise prices globally on Wednesday as a result of increased manufact...

Facebook, Instagram are hot spots for fake Louis Vuitton, Gucci and Chanel

Its platforms have emerged as hot spots for counterfeit offenders who exploit their range of social and private messagin...

Chinese sportswear shares jump as Winter Olympics kick off

Anta also owns brands such as Fila, Salomon and Descente.

Tasty TV: Japanese professor creates lickable screen

"The goal is to make it possible for people to have the experience of something like eating at a restaurant on the other...

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...

Tech experts scramble to address critical software bug as hackers strike

The vulnerability, known as Log4j, comes from a popular open source product that helps software developers track changes...