Danone Acquires Protein Drinks Maker Huel in €1 Billion Deal
Huel, which counts actor Idris Elba and TV presenter Jonathan Ross among its investors, has agreed to be acquired by the French consumer goods group in a deal worth about $1.2 billion.
business-growth
Financial Markets
Online Retailer Boohoo.com Raises Full-Year Sales Forecast
Boohoo.com Plc has nudged up its full-year sales forecast, after a rise in new customers helped first-quarter revenue beat its expectations.
Online Retailer Boohoo.com Raises Full-Year Sales Forecast
Boohoo.com Plc has nudged up its full-year sales forecast, after a rise in new customers helped first-quarter revenue beat its expectations.
Luxury
Op-Ed | The Great British Luxury Paradox
Compared to companies in France, Italy and Germany, only a few luxury brands from Britain have scaled up to become global powerhouses, but there's potential for more, argues Michael Ward.
Op-Ed | The Great British Luxury Paradox
Compared to companies in France, Italy and Germany, only a few luxury brands from Britain have scaled up to become global powerhouses, but there's potential for more, argues Michael Ward.
Retail
Wal-Mart Says Tech Investments Will Boost Online Sales
Wal-Mart executives touted the technology investments the retailer is making to boost online sales, during the annual shareholder meeting.
Wal-Mart Says Tech Investments Will Boost Online Sales
Wal-Mart executives touted the technology investments the retailer is making to boost online sales, during the annual shareholder meeting.
Financial Markets
Michael Kors Rises After Forecast Exceeds Analysts’ Projections
Michael Kors released early summer products — including some that aren't available at other retailers — to bring customers into its stores.
Michael Kors Rises After Forecast Exceeds Analysts’ Projections
Michael Kors released early summer products — including some that aren't available at other retailers — to bring customers into its stores.
Financial Markets
Mothercare Full-Year Profit Jumps on Turnaround Plan
Baby goods retailer Mothercare said full-year profit jumped 51 percent as the turnaround plan for its troubled British business made progress, sending its shares up as much as 9 percent.
Mothercare Full-Year Profit Jumps on Turnaround Plan
Baby goods retailer Mothercare said full-year profit jumped 51 percent as the turnaround plan for its troubled British business made progress, sending its shares up as much as 9 percent.
Financial Markets
Alibaba-Backed Paytm Says It Has Enough Funds for Five Years
One97 Communications Ltd., the owner of an Indian online payment processor backed by Alibaba Group Holding Ltd.’s finance arm, said funds at its disposal were enough to last five years, enabling it to build a business model that is “predictable.”
Alibaba-Backed Paytm Says It Has Enough Funds for Five Years
One97 Communications Ltd., the owner of an Indian online payment processor backed by Alibaba Group Holding Ltd.’s finance arm, said funds at its disposal were enough to last five years, enabling it to build a business model that is “predictable.”
Retail
Canadian Retailer Hudson's Bay to Open Stores in Netherlands
Canadian retailer Hudson's Bay Company says it plans to open up to 20 new stores in the Netherlands over the next two years, creating thousands of new jobs in a nation recently hit by the closure of a major chain of stores.
Canadian Retailer Hudson's Bay to Open Stores in Netherlands
Canadian retailer Hudson's Bay Company says it plans to open up to 20 new stores in the Netherlands over the next two years, creating thousands of new jobs in a nation recently hit by the closure of a major chain of stores.
Financial Markets
Amazon Will Become America's Top Clothing Retailer in 2017, Says Cowen & Co.
It's been a tough few weeks for retailers, yet Amazon's shares are up over two percent.
Amazon Will Become America's Top Clothing Retailer in 2017, Says Cowen & Co.
It's been a tough few weeks for retailers, yet Amazon's shares are up over two percent.
Technology
E-Commerce Company JD.com's Revenue Jumps 47 Percent
JD.com Inc, China's No.2 e-commerce company, has reported a 47 percent rise in revenue, as sales on its platforms surged.
E-Commerce Company JD.com's Revenue Jumps 47 Percent
JD.com Inc, China's No.2 e-commerce company, has reported a 47 percent rise in revenue, as sales on its platforms surged.
Technology
Oliver Samwer Says Rocket Internet Investors Need to Think Long-Term
Rocket Internet's investors need to buy into its five to 10 year plans rather than focusing on short-term market fluctuations, founder Oliver Samwer told a German newspaper.
Oliver Samwer Says Rocket Internet Investors Need to Think Long-Term
Rocket Internet's investors need to buy into its five to 10 year plans rather than focusing on short-term market fluctuations, founder Oliver Samwer told a German newspaper.
Technology
Shopify Jumps After First-Quarter Revenue, 2016 Outlook Beat
E-commerce software provider Shopify Inc. rose in early trading after it reported first-quarter results that beat analysts’ estimates and boosted its full-year outlook as its mobile business continues to grow.
Shopify Jumps After First-Quarter Revenue, 2016 Outlook Beat
E-commerce software provider Shopify Inc. rose in early trading after it reported first-quarter results that beat analysts’ estimates and boosted its full-year outlook as its mobile business continues to grow.
Financial Markets
Chanel Winning Fight Against Luxury Grey Market, Says Bruno Pavlovsky
Chanel said its efforts to curb the grey market have been successful and are helping boost revenue in China despite weaker overall demand for luxury goods.
Chanel Winning Fight Against Luxury Grey Market, Says Bruno Pavlovsky
Chanel said its efforts to curb the grey market have been successful and are helping boost revenue in China despite weaker overall demand for luxury goods.
The News in Brief
Qatar Investment Authority Eyes 10% Stake in Golden Goose
Qatar’s sovereign wealth fund is preparing to buy a stake in Italian sneaker maker Golden Goose, Corriere della Sera reported Saturday.
Retailers Push UK to Join US and EU Ending Shein Parcel Loophole
British retailers are pushing the UK government to end a tax loophole that has helped online giants Shein and Temu make significant inroads and gain market share.
Exclusive: Deciem to Relaunch The Chemistry Brand
The Estée Lauder-owned beauty company and The Ordinary parent will relaunch one of its original brands as it moves to rekindle its reputation for incubation.
De Beers Makes Sweeping Cuts to Its Elite Diamond-Buying Club
The diamond company produced less than 22 million carats last year, down from almost 35 million in 2022.
L’Oréal India in Talks to Acquire Beauty Company Innovist
L’Oréal is in advanced talks to acquire a majority stake in Bare Anatomy parent Innovist sources told The Economic Times India.
Zegna Chairman Says War Has Clouded Visibility of Demand in Middle East
The Italian fashion house cautioned the war is reducing visibility on demand in the Middle East, which accounts for 7 percent of its sales, though all stores are currently open in the region.
Glossier Appoints New CMO
Nicole Solorzano, who joins from Ouai, is the Millennial beauty brand’s latest hire.