All articles by Johney


Central Group, Signa agree to buy Selfridges Group for $5.4bn

Selfridges will become part of the combined portfolio of Central and Signa’s luxury department stores.

Neiman Marcus emerges from Chapter 11 protection

Omnichannel fashion retailer Neiman Marcus has successfully emerged from voluntary Chapter 11 protection.

India’s Reliance Retail Ventures acquires Netmeds for $83m

Reliance Industries Limited’s (RIL) subsidiary Reliance Retail Ventures Limited (RRVL) has acquired a majority equity stake in Vitalic Health (Vitalic) and its subsidiaries, which are together known as Netmeds for $83m in cash.

Birks reopens all Maison Birks stores across Canada

Luxury jewellery retailer Birks has reopened all of its Maison Birks stores in Canada after the relaxation of coronavirus related lockdown and restrictions in the country. 

Reliance launches online grocery delivery service in over 200 towns of India

Reliance Industries has launched its online grocery delivery service JioMart in more than 200 towns of India.

Bigbasket and Grofers urge people to stop panic-buying

Online grocery platforms Bigbasket and Grofers have reportedly urged customers to refrain from panic-buying amid the increasing coronavirus (Covid-19) scare in India.

UK to relax competition laws for supermarkets amid Covid-19 outbreak

The UK Government is set to temporarily relax competition laws to enable supermarkets to work together during the global coronavirus (Covid-19) pandemic.

Walmart to hire 150,000 new associates as shoppers surge over Covid-19 fears

US-based Walmart has announced plans to hire 150,000 employees for its stores, clubs, distribution centres and fulfilment centres in the US to keep up with the increased business due to the coronavirus (Covid-19) pandemic.

Queensland to introduce new reforms to keep supermarkets stocked

Australia’s Queensland Government is set to introduce urgent reforms to ensure supermarkets are sufficiently stocked up to deal with unprecedented demand for groceries during the coronavirus (Covid-19) outbreak.

Covid-19: IKEA closes all US stores amid outbreak

Swedish retailer IKEA has temporarily closed all its 50 stores in the US and its planning studio in Manhattan as a precautionary measure to the increasing coronavirus (Covid-19) spread.