Imagine a Christmas shopping season with closed stores and customers stranded because cabs are nowhere in sight. For retailers of Fendi bags and Rolex watches in Hong Kong, pro-democracy protests wreak havoc during one of the busiest times of the year, the China National Day holidays known as Golden Week.
Rocket Internet AG, the German company known for replicating businesses from Groupon Inc. to Airbnb Inc., fell on its first day of trading after completing the biggest initial public offering in Germany since 2007.
Zalando SE surged as much as 14 percent on its trading debut in Frankfurt, as Europe’s largest online fashion retailer kicked off the biggest week in German technology stock sales in a decade.
EBay Inc.’s separation from PayPal casts the online marketplace into an environment where the stakes are much higher as Amazon.com Inc. and Alibaba Group Holding Ltd. battle for global supremacy.
Internet auction site eBay intends to drive a wave of consolidation in Russia’s e-commerce market over the next couple of years, persuading smaller companies to get on board as the economy weakens.
Central Group, the Thai company that bought Italian department-store chain La Rinascente in 2011 and Denmark’s Illum last year, is seeking more deals in retail.
American Apparel Inc., the struggling clothing chain, named Scott Brubaker as its interim chief executive officer, replacing Chief Financial Officer John Luttrell, who had assumed the position temporarily after the ouster of company founder Dov Charney.