Retail
Gucci-Owner Kering To Sell Its Beauty Division To L’OrĂ©al For 4 Billion EurosÂ
The Gucci-parent company has agreed to sell its fragrance line, Creed, to L’Oreal. Kering has also...
Read moreDetails
Diesel Owner OTB Group To Increase Investments In China Amid Deflationary PressuresÂ
Despite China’s slowing growth margins due to domestic and international macroeconomic trends, Rosso emphasised that he...
Read moreDetails
Temu Doubles EU Profit to $120M With Only Eight Employees
More than 91% of parcels came from China, where Temu and its other low-cost retailers, such...
Read moreDetails
Primark’s Record €1.8 Billion Turnover In Spain Highlights Strong Growth Despite Falling Growth Margins
Primark’s Spain wing recorded €40.3 million in earnings, a 4% increase from the previous year. This...
Read moreDetails
Retail Sector Rejuvenation In Vietnam
Vietnam’s government has set an ambitious goal of increasing annual retail sales and service revenue by...
Read moreDetails
BP Eyes $10 Billion Castrol Divestment Under Elliott Pressure
BP might announce the potential divestment during its capital market day. British Petroleum (BP) is considering...
Read moreDetails
China Shoppers Splurge For Lunar New Year Amidst Declining Consumer Expenditure
In China, consumers went on a massive shopping spree ahead of the Lunar New Year, even...
Read moreDetails
Temu’s Cheap Product Lines Wins Globally But Not In Southeast Asian Markets
Indonesia issued to remove Temu from its app stores to protect small-scale retailers. Temu saw success...
Read moreDetails
PepsiCo Expands Snack Portfolio with $1.2 Billion Tortilla Chip Acquisition
PepsiCo has been striving to diversify its price tiers and add new tastes to established brands...
Read moreDetails
Grocers Protest Kroger-Albertsons Merger, Fear Price Hikes and Monopoly Threat
As part of the agreement, Kroger, which will acquire Albertsons, has promised to preserve front-line employment...
Read moreDetails
The Global Economics Limited is a UK based financial publication and a Bi-Monthly business magazine giving thoughtful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.
