South Korea's Lotte Shopping said on Thursday that it has agreed to sell one of its six operators of hypermarket and supermarket stores in China to Wumei Holdings for about 248.5 billion won (165.08 million pounds).
Inter Parfums on Wednesday said that first-quarter net sales increased 20.1% to $171.8 million, despite a disappointing US sales dip. The fragrance distributor now predicts $665 million in total sales for 2018.
Ebay Inc’s forecast for current-quarter profit and revenue missed Wall Street estimates as the e-commerce company invests heavily to beat the rising competition from the likes of Amazon.com and Alibaba Group.
PayPal Holdings Inc on Wednesday reported first-quarter profit that beat Wall Street estimates as the payment processor benefited from higher volumes of mobile payments and strong merchant services business.
French retailer Carrefour has struck a five-year purchasing alliance with peer Systeme-U, stealing a march over rivals in a deal that will make Carrefour the biggest buyer in its competitive home market.
Personalized kids subscription service Kidbox has secured $15.3M in Series B funding that will be used to expand the data science team and drive customer acquisition. The company's total funding raised to date is $28M.
The Miami-based apparel group announced on Wednesday that it has entered into a license agreement with Rosega S.A. for the design and distribution of men’s dress shirts under the Manhattan brand in Argentina.
Boohoo.com went from strength to strength last year as sales doubled and profits surged. And its short-term aim of being a £1bn op is dwarfed by its longer-term goal of leading the e-tail market with £3bn in sales.