Procter & Gamble, maker of Ariel detergent and Gillette razors, reported an 8.3 percent fall in third-quarter profit, hurt partly by a slowdown in consumer spending in the United States and a stronger dollar.
Rumours of a sale have been swirling around Shop Direct for months and now it has been reported that the online fashion and general merchandise retail giant could be sold this year with a price tag of £3bn+ suggested.
It was another year of power growth for Boohoo and expect more of the same this year as PrettyLittleThing and Nasty Gal boost revenues. Key to its growth story is global revenue as non-UK shoppers spend more per order.
Deckers Outdoor Corp said on Tuesday it was exploring strategic alternatives, including a sale of the company, a month after an activist investor urged the apparel and accessories maker to sell itself.
German e-commerce investor Rocket Internet said on Tuesday it managed to reduce losses at its main ventures in 2016 and hopes to turn three of them profitable by the end of 2017, with share listings still a possibility.