Retail

  Abu Dhabi / Emirates Business Yoplait – part of the Abu Dhabi-based Agthia Group’s Consumer product portfolio – has significantly reinforced its position as a key player in the UAE value-added yogurt market (defined as the aggregate of non-plain yogurt products). With a value-share jump from 10.3 % to 11.1% in the fruit yogurt segment and from 35.8% to ...

  Bloomberg Swedish police detained a Bombardier Inc. employee on suspicion of bribery and questioned several others in connection with a rail contract in Azerbaijan. Evgeny Pavlov, a Russian citizen whose LinkedIn profile lists him as a Bombardier sales executive, was remanded in custody, according to court documents. Pavlov is suspected of aggravated bribery, and several people at the company’s ...

  Bloomberg Hugo Boss AG, the ailing German clothier, said earnings may rise in 2017 as its turnaround takes shape after profit plummeted on weak sales in China and the US last year. Adjusted operating profit will rise or fall as much as 3 percent this year, the company said in a statement on Thursday. The company said it’s cutting ...

  Bloomberg Starbucks Corp., facing heavy competition, mobile-ordering hiccups and even boycott threats, has been losing U.S. customers to rivals this winter. In February, the company ceded market share to other chains, according to data from xAd Inc., a research firm that uses location signals from mobile phones to measure customer traffic. Starbucks’ share declined to 11 percent among the ...

  Bloomberg Vodacom Group Ltd.’s Tanzanian unit will begin an initial public offering on Thursday, the first in a series of listings expected on the domestic exchange that may spur mergers and acquisitions, Managing Director Ian Ferrao said. The company plans to raise 476bn shillings in an offering of 560mn shares at 850 shillings each, according to a prospectus issued ...

  LAGOS / Reuters Etisalat’s Nigerian affiliate is in talks with local banks to renegotiate a $1.2 billion loan it took out four years ago to expand its network in the country after it missed payments, a senior executive told Reuters. Ibrahim Dikko, vice president for regulatory affairs at Etisalat Nigeria, said Etisalat missed payments due to an economic downturn ...

  Bloomberg Adidas AG’s new chief executive officer is doubling down on surging sales of casual sneaker lines like Stan Smith and Tubular to transform the German sportswear maker into a fast-fashion business and gain ground on larger rival Nike Inc. Sales of so-called lifestyle products from the Originals, Neo and Y3 lines rose 45 percent in 2016, more than ...

Bloomberg Gordmans Stores Inc., a Midwestern department-store chain founded more than a century ago, is preparing to file for bankruptcy, according to people familiar with the matter. The filing could come as soon as this month, said the people, who asked not to be identified because the process isn’t public. Shares of the Omaha, Nebraska-based company have fallen more than ...

  Bloomberg Safaricom Ltd, East Africa’s biggest mobile-phone company, would have to reconsider future investment in Kenya if proposals to break up the company are implemented, the head of mobile money at parent Vodafone Plc said. The company 40 percent owned by Newbury, England-based Vodafone was found to be Kenya’s dominant carrier in a draft report by U.K.-based advisory group ...

  Emirates Business Souqplace.com, the first Emirati online marketplace, connecting quality SMEs and artisan products to consumers, during a press meet shared insights on e-commerce and consumer shopping trends, in the UAE. Backed by the Emirati entrepreneur extraordinaire, Ahmed BinSalem Al Dhaheri, Chairman, Virtual Dusk, Souqplace.com aims at providing a platform to the blooming SME space of the UAE to ...