Retail
Alibaba Pumps In 2 Billion Yuan For Its Instant Commerce Initiative
According to Hu Qiugen, Alibaba’s instant commerce unit’s general manager, with this technical support, each store...
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Gucci-Owner Kering To Sell Its Beauty Division To L’Oréal For 4 Billion Euros
The Gucci-parent company has agreed to sell its fragrance line, Creed, to L’Oreal. Kering has also...
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Diesel Owner OTB Group To Increase Investments In China Amid Deflationary Pressures
Despite China’s slowing growth margins due to domestic and international macroeconomic trends, Rosso emphasised that he...
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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...
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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...
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Retail Sector Rejuvenation In Vietnam
Vietnam’s government has set an ambitious goal of increasing annual retail sales and service revenue by...
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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...
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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...
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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...
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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...
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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.
