International News

Nestle said Friday that it plans to further reduce its workforce in France as it looks to cut costs and centralize operations.The group, which employs 13,000 people in France, wanted to avoid layoffs and attrition may account for some...

Toys “R” Us is planning to close as many as 180 of its stores as it struggles to reorganize in bankruptcy. The planned closings represent about 20 percent of Toys “R” Us storesThe retail chain, which filed for bankruptcy...

Carrefour has announced a potential investment by Tencent and Yonghui in Carrefour China as well as a strategic cooperation agreement with Tencent in China.Potential Investment by Tencent and Yonghui in Carrefour ChinaCarrefour has signed a term sheet with Tencent...

Walmart Stores Inc. has announced that Judith McKenna will be promoted to President and Chief Executive Officer (CEO) of Walmart International, the company’s second-largest operating segment. She will be succeeding David Cheesewright, who has been in role since 2014...

Abercrombie & Fitch has launched their new unisex kids' collection to appeal to all children regardless of their gender.The 'Everybody Collection', released by the abercrombie kids division, includes a variety of graphic hoodies, sweatshirts, sandals and hats.The tagline for...

Swiss Compagnie Financiere Richemont SA is planning to acquire all of the Yoox Net-A-Porter Group SpA shares it doesn't already own for a maximum price of 2.69 billion euros.Commenting on the offer, Johann Rupert, Chairman of Richemont, said in...

Marks & Spencer has carried out a major shake-up of its marketing team, led by the appointment of Sharry Cramond as marketing director for food and hospitality.Cramond arrives at the department store from a successful career with Southeastern Grocers...

In a move that could revolutionise the way we buy groceries, Amazon opens its first supermarket without checkouts -- human or self-service -- to shoppers on Monday.Amazon Go, in Seattle in the US, has been tested by staff for...

David Beckham will launch 21 men's grooming products under the name House 99 on Feb 1 in the United Kingdom, exclusively at Harvey Nichols stores. male grooming products called House 99.This new product line is inspired by David Beckham's...

Marks & Spencer has appointed Humphrey Singer to its board as chief finance officer.Singer, who is currently Group Finance Director at Dixons Carphone, will take up his new role as Marks & Spencer embarks on its five-year transformation programme....

President and Chief Executive Officer J. Patrick Doyle has announced his intention to depart Domino's on June 30 after more than eight years at the helm of what is now the world leader in pizza.At the same time, Domino's...

H&M will launch an affordable luxury label called Nyden in early 2018.Called Nyden, a hybrid of the Swedish words for ‘new’ and ‘it’, the line will be led by Oscar Olsson, who has worked at H&M since 2013.Nyden will...

Geoffroy Van Raemdonck, a retailer with mostly luxury brand experience, has been named CEO of the Neiman Marcus Group.Dallas-based Neiman Marcus said Friday in a filing that Karen Katz, 60, will retire as CEO on Feb 12 and then...

Dunkin Donuts is cutting back on its food and drink offerings aiming for speedier, more accurate service.The scaled back menus will appear in New England and upstate New York from Monday onwards, and roll out to the rest of...