Retail

Bloomberg Hema, a 91-year-old Dutch retailer known for design housewares, is for sale. Private equity firm Lion Capital LLP, which bought the chain a decade ago, is considering strategic options for Hema and appointed Credit Suisse Group as an adviser to a possible sale, the Amsterdam-based retailer said. Hema, which opened its first store in 1926 in Amsterdam, owns more ...

Bloomberg Procter & Gamble Co. is facing longer odds in its standoff with Nelson Peltz, the billionaire investor who is vying for a board seat in one of the most contentious proxy fights in years. Peltz won the approval of prominent shareholder-advisory firm Institutional Shareholder Services Inc , following a similar endorsement from Glass Lewis & Co. the previous week. ...

Bloomberg Pakistan’s burgeoning youth and their freewheeling attitude towards rising incomes have turned the nation into the world’s fastest growing retail market. The market is predicted to expand 8.2 percent per annum through 2016-2021 as disposable income has doubled since 2010, according to Euromonitor International. The size of the middle class is estimated to surpass that of the UK and ...

Bloomberg Wal-Mart Stores Inc. has just fired a broadside in the battle for your baby’s bottom. The world’s biggest retailer is going after the new parents who typically shop at rival Target Corp. with dozens of new products for infants—including bedding and a softer, more absorbent diaper that took more than a year to design. Wal-Mart said that it’s overhauling ...

Bloomberg As sales of Gucci’s snake-covered handbags and heels lead the luxury industry’s upswell, many of the brand’s Italian rivals are struggling to catch the wave. Shares of Prada SpA, Salvatore Ferragamo SpA and Tod’s SpA have all posted double-digit declines in the past six months as profits fall, while privately held Giorgio Armani SpA is pruning its lineup after ...

Bloomberg Target Corp. is giving thousands of its employees a pay raise next month, hoping to stay ahead of Wal-Mart Stores Inc. and other rivals in the war for talent. The retailer announced plans to boost its minimum hourly wage to $11 an hour in October. Target will later up the rate to $15 by the end of 2020. The ...

Bloomberg Obuv Rossii, a Russian shoe retailer backed by billionaire Brooklyn Nets owner Mikhail Prokhorov, is seeking to raise as much as $120 million in an initial public offering, according to a person familiar with the matter. The company may offer a stake of as much as 40 percent on the Moscow Exchange in October and use the proceeds to ...

Bloomberg Shoppers Stop Ltd.’s shares surged as much as 20 percent after forging a deal with Amazon.com Inc. that will help the Indian retailer boost revenue and add 25 percent more stores. Shoppers Stop will raise $28 million selling a 5 percent stake to Amazon.Com NV Investment Holdings LLC, the Mumbai-based company said. It also agreed with Amazon’s local unit ...

Bloomberg L’Oreal SA shares surged the most in seven years on speculation that the death of the founding family’s matriarch, Liliane Bettencourt, could clear up the cosmetics maker’s ownership through a takeover or a buyback. Bettencourt’s death raises questions about the stake Nestle SA has held in the French company for more than four decades. Her passing makes it more ...

Bloomberg Amazon.com Inc. may soon bring Shake Shack burgers and Chipotle burritos to your door as it pushes deeper into the growing market for restaurant delivery. The e-commerce titan has been working to crack the code on food delivery for at least a decade. Now that Amazon has a major toehold in the grocery industry following its $13.7 billion acquisition ...