Adidas said on Thursday that sales had returned to growth in greater China faster than it had expected after the coronavirus lockdown, while the reopening of business in Europe and the Americas was going more gradually.
Amazon.com is in early-stage talks to buy a stake worth at least $2 bn in Indian mobile operator Bharti Airtel , three sources said, underscoring the growing attraction of India's digital economy for U.S. tech giants.
With rumors mounting that Bernard Arnault may be attempting to renegotiate a lower deal price for LVMH’s acquisition of Tiffany, the luxury group said Thursday it will not buy any shares in the jeweler on the market.
Less than two years on from its CVA, New Look is in talks with its landlords again and has appointed property agents to help it negotiate rent deals based on turnover as it prepares to reopen its store estate this month.
Watchmaking giant Fossil had a tough time in Q1 as the effects of the global pandemic hurt its operations all over the world. But things could have been worse and its Q1 global net sales fell ’only’ 16% to $390.7m.
Canada Goose Holdings Inc said on Wednesday it would limit shipments to department stores and focus on its own outlets and website to shore up profit margins, as it looks to cushion the blow from the COVID-19 pandemic.
The LVMH CEO is exploring ways to reopen negotiations on the French luxury goods giant's $16.2 billion acquisition of Tiffany & Co, as U.S. social unrest and the coronavirus pandemic weigh on the retail sector.
Shares in shopping centre giant Intu rose by more than half on Tuesday and continued rising Wednesday as it published figures suggesting its cash position will remain positive in 2021 if it gets a deal with its lenders.