Walgreens Contacts Potential Buyers for £7 Billion Boots Drugstore Chain
A sale would undo a blockbuster trans-Atlantic merger that took place in stages beginning more than a decade ago.
Luigi Maramotti
Company Snapshot
The Italian businessman has overseen the company’s rapid expansion into emerging markets like China, Russia and Brazil.
The News in Brief
Jen Atkin’s Editorial Site Mane Addicts Shuts Down, Lays Off Team
Ouai founder Jen Atkin’s 10-year-old editorial hair care site Mane Addicts has effectively shut down.
China, Travel Retail Weigh on Shiseido Earnings
Sales rose 4 percent on a reported basis, as consumer pullback from Japanese brands and inventory adjustments dragged down overall earnings.
Victoria’s Secret Jumps as Sales Decline Moderates
The lingerie maker said Thursday that its preliminary sales and adjusted profit for the quarter ended May 4 were at the high end or above its prior projections.
J.Crew Store Reopens in Soho
The American apparel chain will reopen a womenswear store in the retail neighbourhood since its last location closed in 2018.
Ferragamo Sales Down 17% in First Quarter
Revenues totalled 227 million euros ($244.5 million), below analyst expectations of 237 million euros according a LSEG consensus.
TikTok to Label AI-Generated Images, Video From OpenAI and Elsewhere
Researchers have expressed concerned that AI-generated content could be used as misinformation in an attempt to interfere with US elections this autumn.
US Online Retail Spending Up 7%, Driven By Demand for Cheaper Products
Sticky inflation has forced shoppers in various categories to trade down to more affordable products.