EU alleges Temu obstructed foreign subsidies inspection
The European Commission (EC) has issued a Statement of Grounds (SoG) to Temu owner PDD Holdings and Irish subsidiary WhaleCo,…
All articles by Shubhendu Vimal
Shubhendu Vimal
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Couche-Tard agrees Żabka acquisition in 32.62bn-zloty deal
Canadian convenience store retailer Alimentation Couche-Tard has agreed to acquire the entire issued and outstanding share capital of Polish convenience…
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Seven & i secures Y300bn from PayPay, SoftBank and Sumitomo Mitsui
Seven & i Holdings has secured Y300bn ($1.91bn) from SoftBank, PayPay and Sumitomo Mitsui Card via a third-party allotment of…
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Sainsbury’s agrees £120m sale of Argos to Swift Partners
Sainsbury's has signed a deal to sell Argos to Swift Partners, with the transaction set to deliver cash proceeds of…
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Adidas Q2 revenue climbs 14% on FIFA World Cup demand
Adidas recorded net sales of €6.74bn ($7.75bn) for the second quarter of 2026, with currency-neutral revenue up 14% year-on-year. The…
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eBay completes $1.2bn acquisition of fashion resale platform Depop
US online marketplace eBay has finalised its purchase of fashion resale platform Depop, closing a deal first agreed with previous…
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Prada Group revenues climb 16% to €3.04bn in first half
Italian luxury fashion house Prada Group posted net revenues of €3.04bn ($3.50bn) for the first half of 2026, up 16%…
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French cosmetics company L’Oréal H1 sales up 6.8%
French cosmetics major L'Oréal recorded sales of €23.77bn ($27.27bn) in the first half of 2026, marking a like-for-like (LfL) increase…
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Uber Eats adds five regional US grocery chains
Uber Technologies has partnered with five regional US grocery retailers, adding Busch's Fresh Food Market, Hays, Lowe's Market, Marc's, and…
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Aldi cuts prices on 330 products with £100m investment in UK
Discount supermarket chain Aldi is investing £100m ($133.3m) to reduce the prices of 330 products in the UK. This brings…