Retail

  Bloomberg After years of battling Apple Inc. in courtrooms and retail stores, Samsung Electronics Co. may be ready to offer an olive branch. That’s expected to cost the Korean company almost $9 billion upfront. Samsung is in close talks with Apple to be the exclusive supplier of displays for iPhone models scheduled for release next year, according to people …

  Bloomberg Steinhoff International Holdings NV said it won’t raise its offer for French electronics retailer Darty Plc, handing victory to GroupeFnac SA after a protracted auction. Steinhoff’s offer of 160 pence a share in cash is final and won’t be increased, the South African company said in a statement on Wednesday. Fnac raised its offer to 170 pence a …

  FRANKFURT / Reuters Sharp swings in foreign exchange rates could weigh on results at German insurer Talanx’s international retail business this year, the division it is counting on for near-term growth, according to board member Torsten Leue. “Foreign exchange swings in many emerging markets were stronger than expected over the last three to four years,” said Leue, who is …

  Bloomberg Bang &Olufsen (B&O) named Henrik Clausen as its new chief executive officer, less than two weeks after the Danish luxury hi-fi system maker walked away from takeover talks with a billionaire Chinese suitor. Clausen will take over from Tue Mantoni on July 1, the company said in a statement on Tuesday. Clausen comes from the Nordic region’s largest …

  Bloomberg Whitbread Plc, the owner of Premier Inn hotels, reported a 12 percent increase in full-year earnings, exceeding analysts’ estimates, fueled by its Costa Coffee chain. Full-year underlying pretax profit rose to 546 million pounds ($792 million), Whitbread said in a statement on Tuesday. The median analyst estimate was for 539 million pounds. “Premier Inn and Costa benefit from …

  Bloomberg Alibaba has found favour again with US investors, rebounding from its February low. But the company still can’t buy love in Hong Kong, where it first planned to list before departing for a New York float. The latest battle: Hong Kong’s takeover panel, part of the Securities and Futures Commission, ruled on Tuesday that while it won’t punish …

  Bloomberg McDonald’s reported a big jump in first-quarter earnings as chief executive Steve Easterbrook said higher sales in all regions showed a turnaround plan was succeeding. Earnings were $1.1 billion, up 35.4 percent from the year ago period. Revenues dipped 1.0 percent to $5.9 billion. Easterbrook took over as chief executive in March 2015, following a long run of …

  DUBAI / Reuters A $1 billion Dubai indoor theme park built by a local family conglomerate will break even in its first year of operation, the company said, dismissing concerns that the city is headed for a glut of entertainment attractions. IMG Worlds of Adventure, which owners Ilyas and Mustafa Galadari Group (IMG Group) predict will be the world’s …

  Bloomberg BHS Group Ltd. expects to enter administration, a company representative said on Monday, putting 11,000 jobs at risk in what would be the biggest U.K. retail collapse since Woolworths Group Plc in 2008. Advisory firm Duff & Phelps is working with the store owner on the administration, a form of insolvency protection, he said. BHS, which opened its …

  Bloomberg AutoNation Inc., the largest auto retailer in the US, reversed early-morning losses to reach a five-week high after convincing investors it can weather a plateau in new-vehicle sales and rebound from a quarter that missed analyst expectations. Shares in the dealership group rose 3 percent to $49.49 after touching $50.24, the highest intraday price since March 14. The …