Walmart Inc has agreed to pay $16 billion for a roughly 77 percent stake in Indian online shopping site Flipkart, the U.S. retailer’s biggest foreign investment ever as it battles rival Amazon.com Inc.
Adidas CEO Kasper Rorsted said on Thursday that the firm expects sales growth to “normalise” this year after two years of strong expansion, and that it will continue its footwear sourcing shift from China to Vietnam.
Magazine Luiza SA, Brazil’s third-biggest online retailer by sales, is looking to improve its payment systems either through internal development or by acquiring startups, CEO Frederico Trajano said on Tuesday.
Carlyle Group is set to close its biggest-ever Asia private equity fund at $6.5 billion, people with direct knowledge of matter said, in a deal that adds to the record levels of funds seeking deals in the region.
Greece’s securities regulator has said it will ask luxury brand Folli Follie to have its 2017 consolidated accounts scrutinized by an independent auditing firm after an equity fund report sent shares crashing last week.