Currently reviewing the possibility of a sale, Revlon announced declining revenues and widening losses for Q3 on Friday, as weaknesses in its North American business took their toll on the company’s top line.
A South Korean boycott of Japanese goods is seen dragging down sales at Fast Retailing Co Ltd’s Uniqlo stores, denting otherwise strong financial results due to be announced on Thursday, analysts said.
Alibaba Group chairman Jack Ma will step down from the Chinese firm on Tuesday, leaving his handpicked successor a daunting task of steering the $460bn firm when the market for its core e-tail business has slowed.
India’s Reliance Industries Ltd is looking to buy fashion and child-focused retailers abroad and partner with global sports and beauty brands as part of its expansion into consumer markets, a top executive told Reuters.
Amazon.com Inc founder Jeff Bezos sold shares worth $1.8 billion (£1.49 billion) in the last three days of July, reducing the value of his stake in the world's third most valuable company to about $110 billion.
The president of luxury group LVMH has become the world's second-richest man, overtaking Microsoft co-founder Bill Gates but ranking behind Amazon’s founder Jeff Bezos, according to Forbes and Bloomberg.