In a significant development, a human rights group has filed a complaint to German prosecutors alleging that several fashion retailers have profited from forced labor camps, a euphemism for modern concentration camps, in China’s Xinjiang region. Berlin-based European Centre for… Read More ›
In a statement Giorgio Armani said, sales in the first half of 2021 has bounced back robustly after its business in the United States and China saw sales at the Italian fashion group return close to pre-pandemic levels. “The goal… Read More ›
ChemChina, Syngenta Group’s owner, aims to raise around $10 billion (65 billion yuan) through an IPO for the Swiss agrichemical giant on Shanghai’s STAR Market, said sources. Syngenta is likely to post the prospectus for the upcoming IPO later today… Read More ›
On Wednesday, in a statement EBay said, it will sell its South Korean business to Shinsegae Group and Naver, an e-commerce firm for around $3.6 billion (4 trillion won). According to Euromonitor, EBay Korea with a market share of about 12.8%… Read More ›
In a development that marks the risks of doing business in China, where Chinese rulers through courts hold absolute power, Chinese regulators have imposed a sweeping restructuring on Jack Ma’s Ant Group, in a move aimed at curbing its valuation… Read More ›
According to a report from the Wall Street Journal citing sources familiar with the matter, China’s antitrust regulators are mulling options to levy a record fine on Alibaba Group Holding Ltd over suspected anti-competitive behavior. The potential fine could exceed… Read More ›
In a statement GameStop said, its Chief Financial Officer Jim Bell will be stepping down next month with the video game retailer saying, it is increasingly focusing on shifting into technology-driven sales. GameStop reiterated that Bell’s resignation was not due… Read More ›
In a significant development that sheds some light on the inner machinations of Amazon.com Inc, the world’s largest online retailer, in early 2019, Jay Carney a senior executive at Amazon.com Inc while preparing for an important meeting with India’s ambassador… Read More ›
On Tuesday, Britain’s competition watchdog said, Viagogo would have to sell all of StubHub’s business outside North America following its findings after a probe that the deal would reduce competition in the secondary ticketing market in UK. In a statement,… Read More ›
According to three sources familiar with the matter at hand, food delivery and ride hailing giant Grab is exploring a potential listing in the United States. The development comes midst robust investor appetite for IPOs. Grab aims to raise at… Read More ›
manageria.biz 