McDonald’s, the global fast-food giant, has closed all its stores in Sri Lanka, marking the end of its partnership with the local franchisee. This move comes...
Category: Business
Sephora’s Strategic Retreat from South Korea’s Beauty Battlefield
After a four-year endeavor to establish a foothold in South Korea’s competitive beauty market, Sephora has decided to withdraw its presence. The LVMH-owned cosmetics giant’s exit...
Fossil Group’s New Era: CEO Kartsotis Steps Down Amidst Strategic Overhaul
Fossil Group, the renowned watch and fashion accessory company, has announced a significant shift in leadership alongside the launch of a comprehensive strategic review. Kosta N....
Private Jets and Helicopters in High Demand for Lok Sabha Elections
The demand for private jets and helicopters is expected to rise up to 40 per cent during the Lok Sabha elections, as political parties and candidates...
Allbirds Partners with New Distributors in Japan and Australasia
Allbirds, the sustainable footwear and apparel brand, has announced new distribution deals in Japan and Australasia, as part of its strategic transformation plan. The company has...
A.k.a. Brands Reports Lower Losses and Sales in FY23
A.k.a. Brands, the parent company of online fashion brands such as Princess Polly, Culture Kings, and Petal & Pup, has released its financial results for the...
EssilorLuxottica and Dolce&Gabbana Extend Eyewear Licensing Deal
EssilorLuxottica, the world’s leading eyewear manufacturer, and Dolce&Gabbana, the Italian luxury fashion house, have announced the early renewal of their eyewear licensing agreement. The new deal,...
Inditex Resumes Its Business Operations in Ukraine After Two Years
Inditex, the Spanish parent company of popular fashion brands such as Zara, Massimo Dutti, Pull & Bear, Stradivarius and Bershka, is planning to gradually reopen its...
BA and CemAir partner to offer more connections in South Africa
British Airways and CemAir, a South African regional carrier, have signed and implemented an interline agreement that allows customers to book and travel seamlessly between the...
Booking.com fined $530 million by Spanish regulators for anti-competitive practices
Booking.com, the online travel agent, has been fined $530 million (R10 billion) by the Spanish National Markets and Competition Commission (CNMC) for anti-competitive practices such as...