Chinese internet conglomerate Alibaba Group Holding Ltd denied on Thursday that its vice chairman, Joseph Tsai, is in advanced talks to buy a stake in the Brooklyn Nets of the National Basketball Association.
First it was Shop Direct calling off its mega-billions sale and now Kaupthing is believed to have ended the bidding process for its trio of key (but far less valuable) UK fashion brands, Oasis, Coast and Warehouse.
Rigby & Peller may be most closely associated with its lingerie heritage in most consumers’ minds but its decision to widen its remit on the product front appears to have paid off, as far as turnover is concerned.
L‘Oreal said on Thursday it would appeal a 2.6 million euro ($3 million) fine imposed by Greece’s competition authority, which ruled that the French cosmetics company and several of its rivals were fixing prices.
A senior accountant at Tesco said his team was falling apart in 2014 when Britain’s biggest retailer ended a tough first half trading period but bosses refused to reduce targets for the second half, a London court heard on Thursday.
Shopify Inc defended its business model on Thursday, a day after short-seller Citron Research criticized the internet-commerce software provider’s marketing practices, wiping about $1.5 billion off its market value.