Coty to exit Wella with sale of remaining stake to KKR
Coty has agreed to dispose of its remaining 25.8% stake in professional haircare group Wella to investment funds and accounts…
All articles by Shubhendu Vimal
Shubhendu Vimal
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7-Eleven CEO Joe DePinto to retire, interim co-leaders named
7‑Eleven has confirmed that president and CEO Joe DePinto will step down at the end of this year, concluding more…
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Currys posts higher interim profit as revenue reaches £4.23bn
UK electricals retailer Currys has reported a revenue of £4.23bn ($5.65bn) for the half-year that ended 1 November. Revenue rose 8%…
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Birkenstock posts FY25 revenue growth of 18%
UK-based Birkenstock reported fiscal year 2025 (FY25) revenue of €2.09bn ($2.44bn) for the year ended 30 September 2025, surpassing the…
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Nike Q2 net income drops 32% amid higher North America tariffs
US sportswear retailer Nike reported its fiscal 2026 second-quarter (Q2) financial results for the three months ended 30 November 2025,…
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Kering sets out phased takeover plan for Raselli Franco Group
Kering has signed an agreement for the acquisition of Raselli Franco Group, an Italian manufacturer of luxury jewellery. The owner…
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Activist investor Elliott Management acquires $1bn Lululemon stake
US-based Elliott Management has built a stake exceeding $1bn in Canadian retailer Lululemon Athletica. Reuters reports that the activist investor is preparing to push to change the…
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FTC launches inquiry into Instacart’s AI-led pricing tool
The US Federal Trade Commission (FTC) has begun an investigation into Instacart’s use of an AI-based pricing system, as reported…
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WeShop adds new US and UK retail partners to platform
WeShop has broadened its retail partner base by bringing several additional chains onto its community-owned social‑commerce platform. The latest group of retailers includes Dick’s Sporting Goods,…
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DoorDash brings grocery ordering into ChatGPT with integrated app
US food delivery service provider DoorDash has teamed up with AI company OpenAI to offer grocery shopping services inside ChatGPT. Through the integration, ChatGPT users can search for recipes, have…