International News

Alexander & Baldwin Inc. announced that it bought three shopping centers on different islands for US $254 million in continuation of a strategy to accumulate retail property throughout the state while it sells mainland real estate holdings.The three centers...

Revlon, Inc., a leading global beauty company, has announced that it has signed an exclusive global license agreement with contemporary fashion brand AllSaints Retail, Ltd. for the development, marketing, and distribution of fragrances and ancillary products.Established in 1994, AllSaints...

South Korean cosmetics company Nature Republic has opened its first outlet in Indonesia.The store is in a Jakarta shopping mall and posted 100 million won ($94,000) in sales on its pre-opening day Wednesday, the Seoul-based company said."We will expand...

Domino's Pizza, the largest pizza company in the world based on global retail sales, announced results for the fourth quarter and fiscal 2017, comprised of strong growth in same store sales, global store counts and earnings per share.Domestic same...

JC Penney which has already shuttered dozens of locations in the wake of sluggish sales, will close eight more stores this year, eliminating the jobs of roughly 480 employees.The retailer says that as it takes steps to restore revenue...

JD.com, Inc., China’s largest retailer, has announced that it has entered into definitive agreements for the financing for its logistics subsidiary, JD Logistics, with investors including Hillhouse Capital, Sequoia China, China Merchants Group, Tencent, China Life, China Development Bank...

Coca-Cola HBC said Wednesday that full-year net profit rose 24 percent, as improved economic conditions helped to increase sales and operating margins.The company, which sells Coca-Cola drinks in 28 countries mostly in Europe, said sales grew 4.9 percent to...

Grocery delivery firm Instacart has raised US $200 million in a new funding round led by Coatue Management, as well as Glade Brook Capital Partners and existing investors.The new funding values Instacart at US $4.2 billion and comes less...

Nestle said Friday that it has acquired a majority interest in organic plant-based foods and snack company Terrafertil.The move widens its presence in Latin America, the United States and the United Kingdom.Terrafertil’s product line focuses on dried golden berries....

Alibaba Group Holding will pay about 5.45 billion yuan (US $866 million) for a 15 percent stake in China's Easyhome, a home improvement chain, as the internet giant expands its investments in offline and retail businesses and will also...

Amazon.com Inc said on Thursday it would start delivering Whole Foods groceries via its fast-shipping Prime Now service in select U.S. cities, and plans to expand it across the country this year.The online retailing behemoth will add Whole Foods...

Hudson’s Bay Co., the owner of Saks Fifth Avenue, named CVS Health Corp. executive Helena Foulkes its first female chief executive officer as the department-store operator struggles with declining traffic and a restless activist investor.Foulkes, who has been with...

The Kroger Co and EG Group, a privately-held petrol forecourt convenience store retailer based in Blackburn, Lancashire, United Kingdom, has announced a definitive agreement for the sale of Kroger's convenience store business unit to EG Group for US $2.15...

Avon Products has announced that Jan Zijderveld has been appointed Chief Executive Officer, effective immediately. He succeeds Sheri McCoy, who previously announced her intention to retire from the company and board. Zijderveld will also serve as a member of...