Retail

Bloomberg Canada Goose Holdings Inc. is delaying the opening of its flagship store in Beijing, as escalating tensions between China and Canada triggered by the arrest of Huawei Technologies Co.’s finance chief threaten its ambitions in the world’s second largest economy. The Toronto-based maker of premium parkas said on its Weibo account that it was postponing the store’s debut, scheduled ...

Bloomberg Former employees of Kellogg Co. are suing the company. Their claims? They allege the cereal giant shouldn’t have sued them earlier this year. And why did Kellogg go after its employees in the first place?Well, for suing the company, of course. This complicated conflict, slated for hearings before arbitrators in February, is emblematic of the new world faced by ...

Bloomberg Fashion label Tory Burch is bringing on Pierre-Yves Roussel, a long-time executive at LVMH, as its new chief executive officer as the brand’s eponymous founder steps down from the role. Roussel ran the French luxury conglomerate’s fashion businesses, which include such brands as Celine, Givenchy and Loewe, until he left earlier this year. He will step into his new ...

Bloomberg Whole Foods Market, hailed for its high standards for healthy food, ranked worst in a study of five major US grocery chains for chemicals it uses in packaging at its popular hot-food section. In response, the company said it has removed all the coated paper products in question and has started a search for new biodegradable packaging. The study ...

Bloomberg For many years, FreshDirect has ruled the online grocery business in New York. In a city where most people don’t own cars, the company prospered by delivering a broad selection of fresh food to New Yorkers’ stoops and front lobbies. Families from Brooklyn to the Upper West Side came to rely on FreshDirect’s prepared meals, which were a snap ...

Bloomberg Sears Holdings Corp. is shopping around its stores, looking to gauge what they’re worth in the open market while it weighs Chairman Eddie Lampert’s $4.6 billion bid to buy the entire chain and keep it open. The firm has hired real estate firm Jones Lang LaSalle Inc. to market its portfolio of about 500 US stores and so far ...

Bloomberg Coca-Cola Co. has hired Cushman & Wakefield to sell a midtown Manhattan tower known as the Coca-Cola Building. The 18-story property, on the southeast corner of 5th Avenue and 55th Street, was inherited by Coca-Cola in 1983, through its purchase of Columbia Pictures. The beverage company “has determined that it does not need to retain its investment in the ...

Bloomberg Dubai’s retail explosion is extending out to sea. Majid Al Futtaim Holding LLC, the Middle East operator of Carrefour SA stores, has created sail-through supermarkets to cater to customers on yachts, boats and jet-skis on three of the city’s beaches, the company said in an emailed statement. Shoppers on jet-skis and small sailing craft will be able to sail ...

Bloomberg A halving of Zalando SE’s share price since July’s peak could put the online fashion retailer in the cross hairs of Amazon.com Inc., Alibaba Group Holding Ltd. or even Sweden’s Hennes & Mauritz AB, according to a Baader Helvea analyst. While two reductions of its sales forecast in six weeks sent the stock into a tailspin, Zalando retains many ...

Bloomberg A Chinese investor group led by Anta Sports Products Ltd. reached a $5.2 billion deal to acquire the maker of Wilson tennis rackets and Louisville Slugger baseball bats, as it seeks to bring high-end athletic equipment to China’s wealthy consumers. The consortium, which includes Chinese buyout firm FountainVest Partners, will offer shareholders of Finland’s Amer Sports Oyj 40 euros ...