Retail

  Bloomberg Nakumatt Holdings Ltd., Kenya’s biggest retail chain, is in talks to sell as much as 25 percent of the business to reduce debt that more than tripled over the past five years as it expanded. The company, based in the capital, Nairobi, is in discussions with foreign and domestic investors that are expected to be concluded within weeks, ...

  Bloomberg GKN Plc said it’s preparing to take an earnings hit as Airbus Group SE halves the build rate for the A380 superjumbo, and it may cut 230 jobs at a United Kingdom helicopter-parts plant as the aerospace industry wrestles with ebbing demand for older models and production glitches afflicting new aircraft. Airbus’s decision to slash A380 output to ...

  Bloomberg Kering SA shares rose to the highest in more than 15 years after strong demand for new Gucci handbags and sandals contributed to the fastest quarterly sales growth since 2012, boding well for luxury-goods makers as Christmas approaches. The stock jumped as much as 8.3 percent to 204.10 euros in Paris, the highest since June 6, 2001, when ...

  Bloomberg British regulators fined Vodafone Group Plc 4.63 million pounds ($5.63 million) for failing to credit customers who bought mobile-phone minutes and data, and then mishandling complaints that came in afterward. Over 17 months, more than 10,000 customers lost 150,000 pounds, one investigation found, the regulator Ofcom said in a statement. The mistakes resulted from a new billing system, ...

  Bloomberg Line Corp. reported third-quarter profit and revenue that missed analyst estimates as the company pushes into advertising to offset slowing growth in the user base. Operating profit was 4.9 billion yen ($47 million) in the period ended Sept. 30, according to calculations based on nine-month numbers released by Line on Wednesday. That’s less than the 5.1 billion yen ...

  Bloomberg Orange SA reported a 1.6 percent increase in third-quarter earnings, helped by rising wireless sales in Spain and Africa and demand for faster broadband in its home market of France. Adjusted earnings before interest, taxes, depreciation and amortization rose to 3.6 billion euros ($3.9 billion), Orange said in a statement Tuesday. That compared with the average analyst estimate ...

  Bloomberg KFC’s partnership with an Alibaba affiliate puts the pressure on the Golden Arches in China more than ever. By allying with a backer of the country’s top food delivery website, KFC owner Yum Brands has taken a step toward solving the dilemma of slowing growth in its biggest market outside the US. It’s a deal that McDonald’s, which ...

  Bloomberg From the annals of Truth Is Stranger Than Fiction comes news that the Indian e-commerce giant Flipkart is considering getting into bricks and mortar. The company that made a name for itself helping shoppers avoid physical stores may end up inviting them in. It’s not as preposterous as it sounds. Nor is it just a copy of Amazon’s ...

  Bloomberg MTN Group Ltd. said Rob Shuter will start as chief executive officer more than three months early as the South African wireless carrier reported data traffic that more than doubled and raised its full-year forecast for subscriber growth. Shuter, who was hired from Vodafone Group Plc in June, will join Johannesburg-based MTN on March 17, the company said ...

  Bloomberg Wal-Mart Stores Inc. has hit the reset button on its China strategy in dramatic fashion. The world’s largest retailer is making an ambitious push into e-commerce in China and aims to deliver goods from its stores around the world to Chinese consumers within hours. Shoppers in select remote villages could even see their Wal-Mart products being delivered by ...