Amazon.com is making a push for merchants on its website to sell goods into other countries, setting the stage for greater competition with rival marketplaces run by eBay and potentially Alibaba Group Holding.
The Italian luxury label was awarded the mass sum by the New York court for damages and interest pertaining to a case brought against 60 counterfeiters using 150 websites to sell fake Ferragamo products.
German sportswear brand Puma outlined new mid-term targets on Tuesday, expecting to lift currency-adjusted sales by around 10 percent a year up to 2022 and raise its operating profit margin to about 10% of sales by then.
Flipkart will no longer be bearing such a large percentage of discounts offered on merchants’ products as part of sales promotions and will now be asking merchants themselves to bear 60 percent of discounting.
On March 19, the Reserve Bank of India (RBI) gave Future Group’s subsidiary, Future Retail, approval for raising its limit on registered portfolio foreign investors (RPFI) to 49 percent of its paid up capital.
Beauty products maker Coty Inc has launched an $8 billion (5.7 billion pounds)-equivalent debt refinancing, banking sources said, after paying billions to acquire brands that appeal to younger consumers.
Claire’s Stores Inc said on Monday it filed for Chapter 11 bankruptcy protection and expects to reduce debt by about $1.9 billion, as the struggling retailer of girls’ accessories combats a fall in mall traffic.
Alibaba said it will invest an additional $2 billion in Southeast Asian e-commerce firm Lazada Group and replace its CEO, consolidating its control over the firm as it targets an aggressive expansion in the region.