Bebe Stores Inc, a global specialty licensor of women’s apparel and accessories, has announced it has acquired 47 Buddy’s Home Furnishings rent-to-own franchises from Franchise Group for 35 million dollars. Bebe said the deal also grants it the rights “to build additional franchises in protected geographies […]

Chinese tech giants including Alibaba and Tencent tumbled for a second day Wednesday, after Beijing's market regulator put out draft antitrust rules that signalled a looming crackdown on high-flying internet giants. Rules published on Tuesday outlined plans to prevent "monopolistic behaviour" among […]

When Adidas AG agreed to buy Reebok for 3.1 billion euros in 2006 it was to improve its position to challenge Nike, the world’s biggest sportswear brand. By acquiring Reebok, Adidas closed the gap to a “manageable” two billion euros. But Reebok hasn’t fended Nike off and Adidas is thought to be exploring […]

British shopping centre operator Landsec has reported losses of 835 million pounds for the first half of the year, compared to 147 million pounds last year, as the business grapples with the impact of Covid-19. In the six months to 30 September, the company’s revenue profit fell 48.9 percent to 115 […]

Amazon has been charged with damaging retail competition by the European Union. The company’s sheer size and dominant position in online retail has seen it abuse an unfair advantage over competitors. The BBC said Amazon had used data on third-party sellers that use its marketplace to boost sales of […]

HanesBrands has announced that Joia M. Johnson, chief administrative officer, general counsel and corporate secretary, plans to retire effective May 2021. “Joia has influenced every aspect of HanesBrands as we expanded our global footprint and built our portfolio of brands,” said Steve Bratspies, the […]

India's antitrust watchdog has ordered an investigation into Google's payments app over allegations the tech giant is abusing its market dominance. The Competition Commission of India said it was investigating allegations the California-based company "rigged" featured app lists to include Google Pay, […]

US luxury consignment platform The RealReal has reported widening net losses in the third quarter. The San Francisco-based company’s net loss reached 43.3 million dollars in the three months to 30 September, compared to 25.3 million dollars a year earlier. Total revenue decreased four percent to 78.1 […]

For four years US President Donald Trump upset the world order with his "America first". Now there are many indications of a replacement by Joe Biden. Many allies are hoping for a radical change of course from the 77-year-old: a US foreign policy that relies on international treaties and cooperation […]

British fashion retailer New Look has announced the completion of its major recapitalisation launched earlier this year when its trading was hit by the Covid-19 pandemic. The company said the recapitalisation “significantly reduces long-term debt and provides financial strength and flexibility to deliver […]

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