Retail

Lazada brings Alibaba’s biggest bazaar to Singapore

  Bloomberg Alibaba’s bringing its teeming Taobao internet marketplace to Singapore. Alibaba Group Holding Ltd. and Lazada Group SA are teaming up to sell select Taobao products direct to shoppers in the affluent island-state, striking their first partnership since the Chinese company took control of Southeast Asia’s largest e-commerce operator a year ago. Lazada is launching a dedicated website that ...

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Bebe to close stores in brick-and-mortar retreat

  Bloomberg Bebe Stores Inc., a women’s apparel chain with locations across the US, is planning to shut its stores and seek a turnaround as an online brand, according to people familiar with the situation. The company is trying to close the locations without filing for bankruptcy, said the people, who asked not to be identified because the efforts aren’t ...

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Cathay upgrades online booking system

  Emirates Business Cathay Pacific enhanced its website – www.cathaypacific.com – with an all-new online booking experience, providing customers with greater convenience, more choices and making it even easier to use. The airline’s customer-centric ethos puts the needs of passengers at the heart of every decision it makes as it strives to provide an exceptional experience at all stages of ...

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Apple unveils cheapest IPad, red IPhone7

  Bloomberg Apple Inc. introduced a revamped version of its most popular-sized iPad at the most affordable price ever, and a shiny red iPhone 7, whose sales will help to combat AIDS. Apple unveiled a new 9.7-inch iPad with a brighter Retina display starting at $329, and a special edition red-aluminum finish iPhone 7 and iPhone 7 Plus, part of ...

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Roger Dubuis to open new flagship boutique at Harrods

  Emirates Business Geneva-based luxury watch brand Roger Dubuis, recognised for its remarkable dynamism and ability to strike a balance between traditional watchmaking expertise and avant-garde design, is set to open a flagship store in Knightsbridge’s Harrods in March. The choice of Harrods confirms Roger Dubuis’ accession in the world of Haute Horlogerie and is an important step for the ...

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Vodafone, Idea agree on merger to create India mobile leader

  Bloomberg Vodafone Group Plc agreed to merge its Indian unit with Idea Cellular Ltd., joining forces with a local partner to confront a raging price war in the world’s second-largest mobile-phone market. The European carrier will own 45.1 percent after selling a 4.9 percent stake to billionaire Kumar Mangalam Birla’s holding companies, according to a stock exchange filing on ...

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Flipkart raises $1bn to ‘beat’ rivals

  Bloomberg Flipkart Online Services Pvt has completed a $1 billion fundraising and aims to raise as much as $1 billion more over the next few months, according to people familiar with the matter, giving India’s largest e-commerce company capital to battle back against rising competition. Flipkart secured its latest funding at a valuation of about $10 billion, said the ...

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Etisalat unveils ‘Create Your Number’ service

  Abu Dhabi / Emirates Business Etisalat postpaid subscribers can now make an online purchase of a customised mobile number based on their personal preferences from the comfort of their home. This is the first time in UAE customers can select, customise his/her mobile number and activate the same from any location in the country and offering a huge pool ...

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Wal-Mart acquires ModCloth in latest bid to broaden image

  Bloomberg Wal-Mart Stores Inc. acquired online apparel seller ModCloth Inc. in an all-cash deal, part of an effort to expand its online operations and appeal to customers that may have avoided the retailer in the past. ModCloth will continue to operate as a stand-alone site, as well as work with Wal-Mart’s other operations, the retail giant said. ModCloth Chief ...

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Vodafone nears pact to merge Indian unit with Idea

  Bloomberg Vodafone Group Plc is nearing an initial agreement to merge its Indian operations with Idea Cellular Ltd. in a deal that would create the largest telecom company in one of the world’s most competitive markets, people with knowledge of the matter said. The two firms plan to announce a preliminary agreement as soon as this month, according to ...

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