International News

Amazon says it will add 900 jobs at a Boston office that's set to open next spring. According to a PTI report: The online retail company said yesterday it has signed a lease for a 14,000-sqare-meter space in a building...

Alibaba Group Holding Limited (NYSE: BABA) announced that it will invest approximately US $1 billion to increase its stake in Lazada Group, the leading e-commerce platform in Southeast Asia, from 51 per cent to approximately 83 per cent. This transaction demonstrates the...

In a bid to expand its customer outreach, Apple on Saturday opened its first-ever store in Taiwan. The store is located on the ground floor of the iconic building Taipei 101 of Taiwan's capital Taipei. Apple Taipei 101 features the company's...

With an aim to tap deeper into the US's large home appliances market, Samsung Electronics said it would invest US $380 million in the country to set up new production facility, which is likely to generate about 950 jobs. The...

Tesco is cutting 1,200 jobs at its head office and support centres as part of a major cost-cutting drive as the UK grocery leader adjusts to increasing cost pressures. Tesco said in a statement that the head-office cuts are “a...

E-commerce giant JD.com, China’s largest retailer and Farfetch, the leading global e-commerce platform for the fashion industry, has announced a strategic partnership that will create the premier platform for luxury e-commerce across China, opening a gateway to an US...

Nestlé has acquired a minority interest in Freshly, a leading provider of direct-to-consumer (DTC) healthy prepared meals, which currently supplies consumers in 28 states with weekly shipments of meals. As the lead investor in the US $77 million round...

Mars has announced two important hires as the business accelerates its focus on digital innovation and growth. CEO and President, Mars, Grant F. Reid, said: "Digital is changing the way our consumers and customers experience our products and services. New...

Walmart announced that it has entered an agreement to acquire Bonobos, one of the leading apparel brands built on the Internet, for US $310 million in cash. Following the closing, Founder and CEO of Bonobos, Andy Dunn, will report...

The Estée Lauder Companies Inc has invested in DECIEM, a fast-growing, vertically integrated multi-brand company, driven by a consumer-centric focus that is already impacting the world of beauty. Terms of the investment were not disclosed. DECIEM was founded in 2013...

Nike has introduced the Consumer Direct Offense, a new company alignment that allows Nike to better serve the consumer personally, at scale. Leveraging the power of digital, Nike will drive growth—by accelerating innovation and product creation, moving even closer...

Nestlé said on Thursday that it was considering a sale of its American candy business, the home of treats that include Gobstoppers, Nerds and Butterfinger and Crunch bars as demand for sweets has fallen off in the United States. Nestle...

US retail icon Sears Holdings Corp said on Tuesday it would cut 400 full-time jobs at its headquarters in Illinois as part of its plan to save more than $1 billion in costs annually. The cuts will primarily affect workers...

In its bid to attract young applicants, American fast-food chain McDonald's will hire some US workers this summer through the photo-sharing app Snapchat. The world's largest burger chain said the company and its franchisees will hire about 250,000 people across...