Retail
Global coffee alliance: Nestlé joins hands with Starbucks
In a mammoth coffee mix, Swiss giant Nestlé will team up with American sweetheart Starbucks (SBUX) to sell its coffee…
IFF agrees to buy Israel-based Frutarom
International Flavors and Fragrances Inc. (IFF) has agreed to acquire Israel-based natural ingredients producer Frutarom for about $7.1 billion. The…
Flipkart deal will pitch Walmart against Amazon in India
Walmart’s (WMT) global expansion plans just received a major boost with the board of India-based e-commerce major Flipkart agreeing to…
Alibaba Q4 results beat estimates on strength of core commerce
Alibaba Group (BABA) reported double-digit growth in its fourth quarter earnings and revenues, aided by strong performance in its core…
Subway hunts for new CEO to fight multiple battles
Sandwich chain Subway said that CEO Suzanne Greco is leaving the corner office coming summer. Greco is leaving the firm…
Macy’s buys concept store to spice up shopping experience
The retail space has turned into a warzone, with alliances being formed everywhere to stay powerful and relevant in the…
Amazon lifts annual prime membership fee by $20
Just a week after Amazon disclosed the eye-catching number of its Amazon Prime membership, the e-commerce giant has decided to…
Walmart sells its struggling UK unit Asda to rival J Sainsbury
Given the changing dynamics of the retail industry, Walmart (WMT) is gearing up to take the lead over other retailers.…
Lovin’ It: McDonald’s stock soars on upbeat first quarter
The burger giant McDonald's Corp. (MCD) reported better-than-expected first-quarter results, helped by an increase in sales-driven franchised margin dollars and…