Walmart is in talks to purchase a stake of more than 40% in Indian e-commerce firm Flipkart, a direct challenge to Amazon.com Inc in Asia's third-largest economy, two sources familiar with the matter said on Friday.
Avon on Thursday reported its first earnings beat in six quarters as it signed up more sales representatives in the EMEA region to sell its cosmetics. The firm will shutter Australia and New Zealand activity by year-end.
Dutch fashion retailers are showing better results after a number of hard years. Chains are benefitting from the Netherlands’ economic recovery and reaping the rewards of adapting to changing consumer behaviour.
Fossil Group shares soared 79 percent in early trading on Wednesday as short sellers rushed to cover their positions, a day after the watchmaker posted a better-than-expected increase in sales in the holiday quarter.
Lanvin staff will grill management and Fosun at a meeting on Thursday, seeking guarantees about jobs following the Chinese group's deal to buy a controlling stake in the brand, sources have told FashionNetwork.com.