Swatch Group AG, the biggest Swiss watchmaker, said it doesn’t rule out forming agreements with consumer-electronics companies to help produce smartwatches amid increasing competition in timepieces with more functions.
Asos Plc reported its first annual profit decline in three years as the U.K.’s biggest online-only fashion retailer spent more on logistics and technology and after a fire at a warehouse disrupted operations.
Qatar Investment Authority agreed to pay about HK$4.78 billion ($616 million) for a stake in a Hong Kong department store operator as the sovereign wealth fund diversifies its global portfolio.
Steven Madden’s stock fell in Monday premarket trading as the footwear and accessories company announced third-quarter revenue that missed analysts’ expectations and gave a profit outlook for the period below Wall Street’s view.
Sears Holding Corp. will lease seven standalone stores in the U.S. to the U.K.’s Primark budget- clothing chain as the department-store owner seeks to better leverage its selling space.
Chinese e-commerce giant JD.com Inc said it had launched its warehouse and logistics initiative, ahead of China’s biggest online shopping event which produced sales of $1.6 billion for the firm last year.
Across Europe, companies hoping to list are having their plans dashed by plunging equity prices. But what’s bad for public stock markets may be good for private equity firms.
Thousands of people have been smuggled into Italy, finding work at factories that ignore basic safety standards, while billions of euros are smuggled back to China.