Sistema, a Russian telecoms-to-healthcare conglomerate, agreed to a $256 million deal for a stake in Melon Fashion Group on Wednesday, months after the retail outlet canceled plans for an IPO due to the conflict in Ukraine. Melon, based in St…. Read More ›
ASOS, the British company that was once regarded as the poster child for the shift to online fashion retailing, is set to overhaul its business model after the economic downturn and a thread of operational issues that severely hit its profits. While ASOS’s… Read More ›
Elon Musk expressed excitement on Wednesday about his pending acquisition of Twitter Inc, despite the fact that he and other investors were overpaying for the social media company. Musk, Tesla’s CEO, was responding to a question during a conference call… Read More ›
According to lawyers, Amazon.com Inc is facing a lawsuit in the United Kingdom for up to 900 million pounds ($1bln) in damages over allegations that the online marketplace abused its dominant position by favoring its own products. Julie Hunter, a… Read More ›
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