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Amazon in talks to buy $2 billion stake in Indian telco Bharti Airtel - sources

Amazon in talks to buy $2 billion stake in Indian telco Bharti Airtel - sources

Amazon.com is in early-stage talks to buy a stake worth at least $2 bn in Indian mobile operator Bharti Airtel , three sources said, underscoring the growing attraction of India's digital economy for U.S. tech giants.
Fashion
Debenhams reopenings start next week, plans 'big bang' approach on June 15

Debenhams reopenings start next week, plans 'big bang' approach on June 15

Having struck rent deals for most of its stores, Debenhams is planning for its reopening programme to begin next week as three Northern Ireland shops open on Tuesday. 
Fashion
German retailers, landlords agree guidelines to cut rent

German retailers, landlords agree guidelines to cut rent

German retail associations announced guidelines on Wednesday to encourage a 50% cut in rent payments during the time stores were forced to close due to the coronavirus and a lesser reduction for the next three months.
Fashion
Intu shares up as it reveals positive cash position, but rent intake to fall further

Intu shares up as it reveals positive cash position, but rent intake to fall further

Shares in shopping centre giant Intu rose by more than half on Tuesday and continued rising Wednesday as it published figures suggesting its cash position will remain positive in 2021 if it gets a deal with its lenders.
Fashion
Kering takes public stand against racism: contributes to NAACP and to Campaign Zero

Kering takes public stand against racism: contributes to NAACP and to Campaign Zero

Kering, one of the largest luxury groups on the planet, has made financial commitment to fight racism, with contributions to the NAACP and to Campaign Zero – following eight days of protests in multiple American cities.
Fashion
Hopes high for retail as Westfield owner's global comeback sees healthy footfall

Hopes high for retail as Westfield owner's global comeback sees healthy footfall

Shopping malls giant Unibail-Rodamco-Westfield has made “strong progress” with its mall reopenings globally with 65 of 90 now open. And indications are that footfall and trade is stronger than expected in many countries.
Fashion
Global luxury labels joining Alibaba sales event have doubled

Global luxury labels joining Alibaba sales event have doubled

Alibaba's 6.18 Mid-Year Shopping Festival (running on Tmall and Taobao) has seen a luxury surge. Almost double the number of luxury brands are participating compared to the last big event, 2019’s Singles Day in November
Fashion
As U.S. protests against racial injustice continue, more brands speak out and donate

As U.S. protests against racial injustice continue, more brands speak out and donate

Ganni, Glossier, Anastasia Beverly Hills and Marc Jacobs Beauty are among several brands to announce monetary contributions to organizations supporting protestors and fighting injustice. 
Fashion
H&M closes U.S. stores amid protests, says it stands behind black community

H&M closes U.S. stores amid protests, says it stands behind black community

H&M , the world's second-biggest fashion retailer, said on Tuesday it had temporarily closed 95 of its stores in the United States because of the violent protests following the death of George Floyd in police custody.
Fashion
Spain plans levy on non-recyclable plastic packaging

Spain plans levy on non-recyclable plastic packaging

Spain aims to collect more than 700 million euros a year with a proposed new tax on non-recyclable plastic packaging, Spanish energy and environment minister Teresa Ribera said on Tuesday.
Fashion
Zalando sets science-based targets to reduce CO2 emissions by 80%

Zalando sets science-based targets to reduce CO2 emissions by 80%

Zalando is continuing its sustainability drive and said it's the first platform worldwide to set science-based targets (SBTs) to reduce carbon emissions in line with the 1.5 degrees Celsius Paris Agreement figure.
Fashion
Uniqlo Japan sales plunge again, but most stores are now open

Uniqlo Japan sales plunge again, but most stores are now open

Once again in May, Uniqlo’s sales were affected less by the weather as is usually the case, and more by the ongoing impact of the coronavirus pandemic.
Fashion
YNAP launches AI research project with Italian university

YNAP launches AI research project with Italian university

YNAP has announced the launch of a new programme to boost development of AI-based technologies designed to transform the e-tail experience. That will include features such as visual search and virtual try-on.
Fashion
Companies respond to U.S.-wide protests against racism and injustice

Companies respond to U.S.-wide protests against racism and injustice

Nordstorm, Target, Marc Jacobs and Virgil Abloh were among many to release statements in regard to the protests, receiving mixed responses from the public. 
Fashion
Primark sees strong sales at global stores, English shops to open on 15 June

Primark sees strong sales at global stores, English shops to open on 15 June

Reopening is hugely important for every physical retailer, but it's even more so for Primark, which has admitted it's been losing £650 million in sales a month due to lockdowns as it has no webstore to fall back on.
Fashion