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 ›
The potential merger, a stock and cash deal, between Britain’s second and third biggest retail groups has cost synergies of at least 500 million. In a significant development, Britain’s Sainsbury has agreed to acquire Walmart’s Asda for around $10 billion… Read More ›
The U.S. groceries market just got hotter. Last year, when Wal-Mart Stores Inc acquired its peer Jet.com for $3 billion it created the world’s biggest brick-and-mortar retailer, eclipsing arch rival Amazon. Last Friday, Amazon.com Inc countered the move with its… Read More ›
Wal-Mart will increasingly face the heat from its German rivals, Aldi and Lidl. On Sunday, in a move that will most likely raise the stakes for its U.S. rivals in a price war, German grocery chain Aldi disclosed it would… Read More ›
German grocery chains, such as Aldi and Lidl are set to expand their U.S. footprint despite Wal-Mart and Amazon’s dominance in the grocery sector. In a significant development, German grocery chain Aldi Inc is aiming to beat Wal-Mart, the world’s… Read More ›
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