IKEA to liquidate its Russian unit as Ukraine conflict continues
The decision is part of the Swedish retailer’s move to further scale down its operations in Russia.
Business & Regulation
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Business & Regulation
Max Stock set to form joint venture with Fortera Properties
The JV company will establish and manage a chain of Max Stock stores in Portugal and Spain.
ITC to leave lifestyle retailing business after portfolio review
Wills Lifestyle is available in 90 exclusive stores in 40 cities across India, as well as more than 500 ‘shop-in-shops’.
CMA investigating ASOS, Boohoo and Asda over sustainability claims
The authority has warned it may investigate other firms in the fashion sector if similar claims are made against them.
99 Cents Only Stores fined for sale of unregistered disinfectants
The retailer sold products that had not been registered under Federal Insecticide, Fungicide and Rodenticide Act (FIFRA).
Amazon files lawsuit against Facebook group admins over fake reviews
The groups posted misleading reviews across Amazon’s sites in the US, UK, Germany, France, Italy, Spain and Japan.
Danish toy maker Lego closes business in Russia indefinitely
The company ended its contract with franchisee IRG, which owned and operated 81 of its stores in Russia.
ABG settles lawsuit against checkout technology company Bolt
Bolt will continue to provide one-click checkout for ABG's Forever 21 and Lucky Brand banners.