Retail

  Bloomberg TAB Gida Sanayi & Ticaret AS, the Turkish company that controls the biggest international Burger King franchise, is considering an initial public offering that could value it at more than $2 billion, people familiar with the matter said. The owners of TAB Gida, which also has the rights to operate Burger King in China, are working with Moelis …

  Bloomberg Target Corp. introduced a sweeping new policy governing chemicals in products, a move that will push hundreds of suppliers to list ingredients in everything from fragrances to floor cleaner. The guidelines include removing perfluorinated chemicals and flame retardants from textiles in the next five years, as well as eventually disclosing ingredients in all products. Target’s new rules come …

  Bloomberg Alibaba Group Holding Ltd. added $7.5 billion to its market value after reporting quarterly results that beat estimates and raising its full-year sales forecast. China’s biggest e-commerce company increased its projection for fiscal 2017 revenue growth to 53 percent, from 48 percent previously, as Chinese spending stays strong and the company wrings revenue from fledgling areas such as …

  Bloomberg Amazon.com Inc. is set to dodge antitrust fines from a European Union probe into its e-book deals with publishers, according to two people familiar with the company’s bid to settle the 19-month investigation. Amazon has agreed to change controversial clauses that required publishers to offer it terms as good as or better than those they sign with other …

  Dubai / Emirates Business Marka, the first public joint stock retail operator in the UAE, has announced that it is opening the first premium Italian coffee house and kitchen Ca’puccino, outside of Europe. Ca’puccino will make its UAE debut at the newly opened The Outlet Village in Jebel Ali. Khaled Al Mheiri, Vice Chairman and CEO of Marka said: …

  Dubai / Emirates Business MAX, the largest value fashion brand in the region, has recently undergone a digital transformation to simplify and enhance the shopping experience for its customers. Based on customer feedback around their shopping preferences, Max launched a number of innovative services that continue to build on its regional success. Starting with a single store in the …

  Bloomberg South African shoppers with limited spending money are turning to low-cost supermarket chains such as Shoprite Holdings Ltd. for cheaper food and eschewing new clothes to counter accelerating inflation. Africa’s biggest food retailer reported 7.4 percent half-year sales growth at South African stores that have been open for more than a year, equal to how much the company …

  Bloomberg Amazon.com Inc. and India’s Flipkart Online Services Pvt have walked away from talks to acquire Dubai-based Souq.com after disagreeing over price, according to two people with knowledge of the matter. The e-commerce business is now seeking other potential investors and is negotiating with mall-operator Majid Al Futtaim, one of the people said, asking not to be identified as …

  Bloomberg British trenchcoat maker Burberry Group Plc said business in Asia-Pacific returned to growth and it enjoyed an “exceptional” boost at home in the UK as the lower pound drew shoppers, the second positive sign in a week for Europe’s struggling luxury-goods industry. Third-quarter retail revenue rose 4 percent on a currency-neutral basis, the London-based company said on Wednesday, …

  Washington / Reuters Wal-Mart Stores Inc will create about 10,000 jobs in the United States this year as part of a previously announced plan, it said, as President-elect Donald Trump puts pressure on companies to hire more US workers. The world’s largest retailer joined companies like General Motors Co and Amazon.com Inc, which have rushed to announce their plans …