Retail

  Bloomberg Starbucks Corp. is asking the US government to quash elections underway in New York that could expand the fledgling labor foothold among its corporate-run U.S. locations. In a filing, the coffee chain asked the National Labor Relations Board to overturn an acting regional director’s ruling ordering unionization votes at three restaurants in the Buffalo region. The company argued …

  Bloomberg Joules Group Plc shares plummeted after the British retailer joined a growing list of companies to warn that supply chain issues and Covid infections are hurting earnings. The stock dropped 41% in early trading in London Tuesday, the most on record. The company has faced stock delays, rising freight costs and fewer customers visits to stores due to …

  Bloomberg LVMH SE shares surged after the luxury giant bounced back from the depths of the pandemic as customers snapped up items ranging from Christian Dior couture to Hennessy cognac. Revenue last year totaled 64.2 billion euros ($71.6 billion), the Paris-based company said, topping the previous record set in 2019, before Covid-19 lockdowns closed stores and kept shoppers stuck …

  Bloomberg Pacifica Beauty LLC, a vegan beauty brand, sold a minority stake to private equity firm Brentwood Associates, according to people with knowledge of the matter. The company is valued at about $250 million in the transaction, one of the people said, asking not to be identified discussing private information. Representatives for Pacifica declined to comment. A spokesperson for …

  Bloomberg A volatile start to the year for global stock markets is breathing new life into UK trading platforms, which had seen fading interest amid less stringent pandemic restrictions. CMC Markets Plc and IG Group Holdings Plc both said they’ve seen an increasing number of bets being placed on equity markets amid price swings that put the S&P 500 …

  Bloomberg Nestle SA will offer cocoa farmers and their families in the Ivory Coast cash incentives that aim to reduce child labor, as the chocolate industry faces growing scrutiny over the problem. The program, under which the KitKat maker plans to spend 1.3 billion francs ($1.4 billion) by 2030, will offer as much as 500 francs per year to …

  Bloomberg Chinese buyout firm Citic Capital is weighing a sale of its controlling stake in EBeauty Holdings Cayman Ltd. after a planned initial public offering stalled amid market volatility, people familiar with the matter said. Citic is seeking a valuation of as much as $2 billion for the provider of e-commerce services to the cosmetics industry in China, said …

    Bloomberg Amazon.com Inc workers at a facility in Staten Island, New York, have collected enough signatures to hold an election on whether to join a union, according to US labor officials. There is “sufficient showing” to proceed with a petition from the fledgling Amazon Labor Union, a National Labor Relations Board representative said in an email. The ALU …

  Bloomberg Retail investors who netted billions in the legendary pandemic bull market are getting schooled on stock volatility at long last, as the rates-fueled rout resumes. When major major indexes were in free fall Monday, mom and pop offloaded a net $1.5 billion worth of stock by noon, according to data compiled by JPMorgan Chase & Co. strategist Peng …

  Bloomberg A new vaccine requirement for Walmart locations in Quebec has prompted calls for a boycott among some Twitter users. The protests from those opposed to Covid vaccinations, known as anti-vaxxers, follow the Canadian province’s move to bar unvaccinated patrons from entering government-run stores and large retailers — part of efforts to persuade more people to get immunized. Walmart …