retail
LVMH-backed L Catterton nears deal to acquire Birkenstock
[LONDON] L Catterton, the private equity firm backed by luxury French fashion house LVMH, is nearing an agreement to...
After 2020 boom, Home Depot says sales to be flat this year
HOME Depot said demand remains strong almost a year into the Covid-19 pandemic, but its stock fell with investors...
Amundi expands retail, ESG offerings in Singapore with launch of flagship funds
EUROPEAN asset manager Amundi has launched three flagship funds for retail investors in Singapore. All three funds...
De Beers hikes diamond prices again as revival keeps going
[LONDON] De Beers lifted diamond prices at its third consecutive sale as an industrywide recovery from the...
UK shopper numbers rise for fifth straight week despite lockdown
[LONDON] The number of people heading out to shops across Britain increased by 6.8 per cent last week versus the...
Star French florist weathers pandemic
[BRUSSELS] There was a time, pre-pandemic, that Thierry Boutemy's flowery creations graced catwalks, magazine covers...
Going places
SUBSCRIBERSLIKE many people around the world, Paul Melkebeke is itching to hop on a plane, tuck into some aeroplane food, catch...
UK retail sales slump in new lockdown, borrowing less than expected
[LONDON] British retail sales tumbled in January as non-essential shops went back into lockdown, official data...
Australia retail sales up 0.6% in Jan, Covid-19 restrictions a drag
[SYDNEY] Australian retail sales rose by less than expected in January as a coronavirus lockdown in the city of...
China's retail, catering sales jump in Lunar New Year staycation
[BEIJING] China's retail and catering sectors enjoyed a bumper Lunar New Year holiday week, with revenues rising...
US retail sales surged 5.3% in January
[WASHINGTON] US retail sales surged in January by the most in seven months, suggesting fresh stimulus checks helped...
BREAKING NEWS
Lufthansa adds more summer holiday destinations in bet on recovery
[BERLIN] Lufthansa is adding more holiday destinations to its summer flight schedule from Germany in anticipation of...
US bank regulators say pandemic drove up risk in leveraged lending
[WASHINGTON] The credit risk for large, syndicated loans, including leveraged loans, remains high and increased in...
Twitter aims to double revenue in three years; shares surge
[SAN FRANCISCO] Twitter wants to double its annual revenue to US$7.5 billion by 2023, and expects to increase its...
GameStop shares rise in early trade before being halted
[BENGALURU] GameStop shares shot higher in early trading on Thursday before a series of NYSE trading halts, a day...
Yangzijiang Shipbuilding reports higher profit for Q4 FY20; maintains dividend
YANGZIJIANG Shipbuilding's net profit for the fourth quarter ended Dec 31, 2020, rose 17 per cent year on year to...
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