Abu Dhabi Investment Authority is investing $597 million in Reliance Retail, valuing the largest Indian retail chain at a whopping $100 billion. The investment follows KKR and Qatar Investment Authority together investing $1.7 billion in the Indian firm, which is part of Mukesh Ambani’s Reliance Industries. Abu Dhabi sovereign-wealth fund’s investment will fetch it a … Read more
Hugh Jackman seeks solace in retail therapy amidst split from Deborra-Lee Furness Amid the recent announcement of his separation from wife Deborra-Lee Furness, Hollywood actor Hugh Jackman sought solace in retail therapy. The 54-year-old Marvel star was spotted indulging in some shopping in Manhattan on Thursday, perhaps as a way to cope with the challenging … Read more
Anyone who has shopped on Amazon will have seen the Buy Box with its peppy yellow and orange Add to Cart and Buy Now buttons. The US Federal Trade Commission has seen it too, and made it central to an antitrust case filed against Amazon today. The long-anticipated government complaint, joined by 17 state attorneys … Read more
Text size Lazer brazing at Ford plant in Oakville, Ontario. Hourly workers at the plant have a new labor deal. Courtesy Ford Labor deals in the car business are possible. A deal between the United Auto Workers and the Detroit-Three auto makers might be closer than investors expect. Just look north. Ford Motor (ticker: F) … Read more
China’s huge actual property market has struggled after a long time of debt-fueled, fast development. Bloomberg | Bloomberg | Getty Pictures BEIJING — China reported July information that broadly missed expectations. The Nationwide Bureau of Statistics report additionally didn’t embrace the unemployment determine for younger folks, which has soared to report highs in current months. … Read more
Cargo ships dock on the container terminal in Lianyungang Port, East China’s Jiangsu province, Dec 7, 2022. CFOTO | Future Publishing | Getty Photos The Covid hangover of inventories continues to be a giant headache for retailers and the logistics firms which earn a living transferring their merchandise. As peak retail commerce order season nears … Read more
A Goal division retailer in North Miami Seaside, Florida, Could 17, 2023. Joe Raedle | Getty Photographs Extra grocery purchases, fewer formidable do-it-yourself initiatives and last-minute splurges on the retailer. This week, among the largest retailers within the nation reported earnings and described how their prospects are purchasing. As House Depot, Goal and Walmart reported … Read more