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Brazil’s Pao de Acucar denies talks with Carrefour

Brazilian retailer Grupo Pao de Acucar denied it is in talks with rival Carrefour about merging their units in Latin America's biggest economy.Pao de Acucar, Brazil's biggest diversified retailer, said in a securities filing on Wednesday that "it is...

Brazil on way to driving luxury growth, execs say

Once a country associated with the slums known as favelas, Brazil is on its way to becoming a new engine of growth for the luxury industry, executives at the Reuters Luxury and Fashion Summit said this week.Luxury sales in...
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Puma onboards fitness icon Milind Soman as running ambassador

Soman will endorse Puma’s Nitro range of footwear and apparel Bengaluru: Multinational sportswear brand Puma has officially signed fitness icon Milind...
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