Retail

Bloomberg It’s not Black Friday — it’s Way Day. In a second-annual event, online home-decor retailer Wayfair Inc is offering its lowest prices of the year. The company promises “Black Friday-low prices on thousands of popular home furnishings, décor, housewares and home improvement products as well as free shipping.” Sales could be notably better than last year, according to Piper ...

Bloomberg Two of the world’s biggest water companies are thinking outside the bottle about how to hydrate consumers as environmental campaigners take aim at the enormous amount of plastic waste the industry produces. Danone’s Evian plans to start selling an in-home water appliance featuring a balloon-like container that cuts down on plastic use, while Nestle SA is working on an ...

Bloomberg UK retail billionaire Mike Ashley is lashing out after losing a fight with US hedge funds over department store chain Debenhams Plc. The retail magnate, who made British headlines for substandard working conditions at his sporting goods chain, has been blasting Debenhams management and making legal threats since lenders took control, wiping out his roughly 30 percent stake. The ...

Bloomberg Steinhoff International Holdings NV said its struggling French furniture retail unit Conforama raised about 316 million euros ($357 million) to help fund the business amid a mounting debt load. The fundraising took place as the South African retailer announced Deputy Chief Executive Officer Alexandre Nodale, who is also CEO of Conforama, is giving up those roles. Sales at Conforama ...

Bloomberg Tyson Ventures has already made splashes buying stakes in alternative protein companies. Now, the venture capital arm of giant Tyson Foods Inc is betting the meat industry will beef up its food-safety platforms. The unit is investing in Clear Labs Inc, a food safety testing company that uses a robotic platform to detect pathogens like salmonella. The technology shortens ...

Bloomberg Blue jeans are having a moment. At least that’s what J Crew Group Inc is hoping as it considers bringing its Madewell business to the public markets in the wake of rival Levi Strauss & Co’s own $623 million offering. Madewell, the denim focussed starlet of the J Crew family, could go public as soon as the second half ...

Bloomberg Foreo, the six-year-old Swedish beauty company known for its electric facial cleansers and toothbrushes, is working with advisers as it considers selling itself, people familiar with the matter said. The firm could fetch more than $1 billion in a sale, the people said, asking not to be identified. PE firms are expected to be among the bidders, one of ...

Bloomberg Bernard Arnault, Europe’s richest man, got another boost as LVMH shares reached a record due to better-than-expected sales of Louis Vuitton handbags and leather goods. The Frenchman, whose fortune has increased by more than $19 billion in 2019, is rubbing shoulders with Bill Gates and Warren Buffett in the Bloomberg Billionaires Index, with a net worth of more than ...

Bloomberg Nestle SA’s sale of its Herta lunch-meat business may attract interest from bidders including US packaged meat company Smithfield Foods and agricultural commodities giant Cargill, according to people with knowledge of the matter. The Swiss company plans to send marketing material this month to potential investors including Tyson Foods, China’s Cofco Corp and Sigma Alimentos SA de CV of ...

Bloomberg Debenhams Plc, the 241-year-old UK department-store chain that anchors many of the country’s troubled shopping streets, was taken over by lenders after rebuffing a last-minute offer from billionaire Mike Ashley. The retailer entered a form of UK insolvency proceedings that allowed US hedge funds and other lenders to take control. Stores employing about 26,000 people will continue to operate ...