India’s Reliance Retail in race to acquire stake or all of Debenhams
India’s Reliance Retail (RIL) is reportedly in a race to buy a stake or all of UK’s struggling department store…
25 Sep 2020
Tesco joins Morrisons in reintroducing purchase limits on essential items
Tesco becomes the latest UK supermarket chain after rival Morrisons in reintroducing purchase limits on select essential products in its stores amid the Covid-19 pandemic. On 24 September, Morrisons became…
24 Sep 2020
Apple launches new online store in India
California-based multinational technology company Apple has launched its first new online store in India. Until recently, the company sold its iPhones and other Apple products in India through third-party distributors…
24 Sep 2020
SPAR Hungary to increase distribution capacity with $14m investment
SPAR Hungary strengthens its Distribution Centres’ (DC) capacity in Bicske and Üllő with an investment of approximately HUF4.5bn ($14.41m). As part of this investment, SPAR Hungary is expanding its dry…
24 Sep 2020
Walmart to hire 20,000 seasonal workers in e-commerce fulfilment centres
Multinational retail corporation Walmart has revealed its plans to hire more than 20,000 seasonal associates in its eCommerce fulfilment centres in the US. The decision is part of the company’s…
23 Sep 2020
Nike sees sharp increase in online spending during pandemic
US sportswear brand Nike has said that digital sales nearly doubled in the three months to the end of August, as the Covid-19 coronavirus pandemic drives an increase in online…
23 Sep 2020
KKR to invest $755.09m in Reliance Retail Ventures
US private equity firm KKR has revealed its plans to invest ₹55.5bn ($755.09m) in India’s Reliance Industries Limited (RIL) subsidiary Reliance Retail Ventures Limited (RRVL). Following this investment, KKR will…