"Russian Amazon" seeks Western IPO

"Russian Amazon" seeks Western IPO

30/01/2015 in m-Tail

Russian eCommerce giant Ulmart will launch an Western IPO next year, although it is unclear which stock exchange will be chosen. The market leader in the fast-growing Russian e-market seeks to attract at least 1 billion dollars. ...

Lebanese group acquires Pepe Jeans

Lebanese group acquires Pepe Jeans

30/01/2015 in Fashion

British-Italian clothing brand Pepe Jeans has allegedly been purchase by a Lebanese group, called M1. Mere details separate the new owner from its 900 million euro purchase.

V&D owner plays hardball

V&D owner plays hardball

30/01/2015 in General

V&D's owner, Sun Capital, has claimed it will no longer invest anything into the department store chain if other parties are unwilling to make financial sacrifices as well. The move has put pressure on the employees, among others. ...

Amazon profit exceeds expectations to end previous slump

Amazon profit exceeds expectations to end previous slump

30/01/2015 in m-Tail

American online retailer Amazon has flushed away the losses it suffered in the previous two quarters with a sizable profit in its fourth quarter, but for its full fiscal year it still has to accept a loss.

Carpetright continues its rise in third quarter

Carpetright continues its rise in third quarter

29/01/2015 in Furniture

Carpetright, Britain's largest flooring company, seems to have gotten back on track after four difficult years: its turnover growth in Britain has sped up and its sales on the continent have improved as well.

Cash Converters seeks Flemish growth through Torfs

Cash Converters seeks Flemish growth through Torfs

29/01/2015 in Furniture

Australian second-hand seller Cash Converters wants to expand its operations in the north of Belgium, for which it has enlisted two local retail experts: Wouter Torfs (of the eponymous Belgian shoe giant) and Herman van Beveren (Decathlon). ...

Alibaba clashes with Chinese authorities

Alibaba clashes with Chinese authorities

29/01/2015 in m-Tail

The Chinese State Administration for Industry and Commerce (SAIC) has reprimanded Chinese Alibaba because one of its online marketplaces, Taobao, has too many counterfeit products for sale. Alibaba disagrees and has launched a counter-offensive. ...

"Sony cuts another 1,000 jobs"

"Sony cuts another 1,000 jobs"

29/01/2015 in Electronics

Sony plans to cut another 1,000 jobs at its smartphone division, as the company's smartphones in the higher echelons of the market is still unable to compete with the likes of Apple (which has just revealed a record-breaking quarter) and Samsung. ...

McDonald's replaces CEO after disappointing results

McDonald's replaces CEO after disappointing results

29/01/2015 in Food

Another set of disappointing results have spelled the end for McDonald's CEO Don Thompson, who will be replaced by Chief Brand Officer Steve Easterbrook. He will take over on 1 March.

Turkish Eroglu Holding buys Mexx

Turkish Eroglu Holding buys Mexx

29/01/2015 in Fashion

Turkish Eroglu Holding has acquired fashion brand Mexx and plans to relaunch several dozen stores all across Europe. The financial details have not been divulged, while negotiations about the Belgian branch are still on-going. ...

Food

WC football salvaged AB Inbev Belgium's fiscal year

WC football salvaged AB Inbev Belgium's fiscal year

Belgian-Brazilian brewer AB InBev has sold more beer in Belgium in 2014, thanks to the...

Fashion

Lebanese group acquires Pepe Jeans

Lebanese group acquires Pepe Jeans

British-Italian clothing brand Pepe Jeans has allegedly been purchase by a Lebanese group, called M1...