Payless ShoeSource Inc settled a dispute with its creditors on Tuesday, after creditors alleged that the company's private equity owners inappropriately siphoned off $400 million before the U.S. retailer's bankruptcy.
Indian instant messaging platform Hike rolled out an in-app electronic payments wallet on Tuesday in a bid to cash in on rising digital transactions, replicating similar services offered by its backer Tencent Holdings.
We’ve become used to hearing about LVMH, L’Oréal and Estée Lauder buying trailblazing make-up brands so it’s quite a surprise to hear that Anglo-Dutch consumer products giant Unilever has thrown its hat into the ring.
After Amazon.com Inc completes its takeover of Whole Foods, it might launch another brand with different standards, the grocery chain's chief executive said in remarks reported in a securities filing on Monday.
N Brown was upbeat Tuesday as its womenswear and plus-size brands powered on, despite a weak environment, and its online operations soared. But its US business is a work in progress and will get more marketing spend.