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Saint Laurent teams up with Farfetch to launch online sales in China

The Kering-owned French luxury and fashion brand Saint Laurent is stepping up its e-commerce efforts in China to sell products on a new online platform launched jointly by British luxury e-tailer Farfetch with e-commerce giant JD.com. Collections from Kering-owned luxury...

Amazon hired 50,000 employees in a single day

Amazon hosted the nation's largest job fair on Wednesday at 12 different locations across the country. The behemoth tech company was looking to fill more than 50,000 full and part-time jobs, mostly at the company's fulfillment centers. Nearly 40,000 of...

Morrisons strikes £1bn McColl's deal; to revive Safeway brand

British Suparmarket Morrisons has agreed a long-term fresh produce and grocery supply deal with convenience store operator McColl’s. The deal also marks the revival of the Safeway brand after more than a decade, with McColl's to be given exclusive access...

Apple reports US $8.7 bn profit in Q3

Apple has announced its financial results for the third quarter of the fiscal year 2017, with profit rising to US $8.7 billion, nearly 12 per cent higher than in the same period of 2016. The strong results announced on Tuesday...

Starbucks to close all Teavana stores worldwide

Starbucks has announced that it is closing all 379 of its Teavana stores by spring 2018 as they have been underperforming. These Teavana outlets are primarily based in malls across the country. The move will impact 3,300 workers. "Following a...

Starbucks to acquire remaining shares of East China JV; operate all Starbucks in Mainland China

Starbucks Corporation has announced entry into a definitive agreement to acquire the remaining 50 per cent share of its East China (East China JV) business from long-term joint venture partners, Uni-President Enterprises Corporation (UPEC) and President Chain Store Corporation...

Amazon launches Prime Now in Singapore

E-commerce giant Amazon on Thursday launched its Prime Now service in Singapore, a move seen as the start of its expansion in Southeast Asia, the media reported. The Singapore service promises two-hour delivery on items including groceries and electronics, reports...

Tesco introduces same-day delivery across UK

Tesco has extended its same-day online grocery delivery service to 300 stores across the UK in a bid to cover 99 per cent of UK households. Customers can order by 1:00 pm to have their shopping delivered from 7:00 pm...

Noon.com appoints Faraz Khalid CEO

Noon.com, the Middle East’s soon to be launched e-commerce platform, founded by Mohamed Alabbar, has announced the appointment of Faraz Khalid as its Chief Executive Officer. Faraz Khalid is the Co-founder and former Managing Director of Namshi, the Middle East’s...

Apple appoints Deirdre O'Brien new VP of People

Apple has appointed Deirdre O'Brien as Vice President of People, who will report to CEO Tim Cook. A nearly 30-year Apple veteran, O'Brien, currently Vice President of Worldwide Sales and Operations, will lead all HR functions including talent development, recruiting,...

Amazon launches ready-to-cook meals in a bid to expand groceries biz

Amazon has started selling ready-to-cook meal packages for busy households in a bid to expand its groceries business. The company has registered a trademark for its new meal kit service, which comes with the tagline "We do the prep. You...

Apple appoints new Managing Director for Greater China

In yet another move to grow big in the Chinese market, Apple has appointed Isabel Ge Mahe, currently Vice President of wireless technologies at the company, as new Vice President and Managing Director of Greater China. Reporting to CEO Tim...

JCPenney introduces toy shops in all stores

As JCPenney continues to explore new merchandise categories and differentiate its business, the retailer is opening toy shops in all of its brick-and-mortar locations with a significantly expanded assortment available at JCPenney.com. Strategically adjacent to the Disney Collection inside JCPenney,...

Supermarket chain Aldi to create 4,000 UK jobs to support expansion plans

German discount supermarket chain Aldi is creating 4,000 new jobs in the UK to match rising sales, with new jobs including store assistants and deputy store managers. The grocer, which has more than 700 UK stores, said that it saw...

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Nexus Select Trust acquires Vega City Mall in Bengaluru for Rs 913 cr

This includes a purchase consideration of Rs 869.75 crore and a balance towards planned capex, including renewables, and closing...
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