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Swatch sets up drive-through store in Biel

Bloomberg The company that shook up Swiss watchmaking is looking to the fast-food industry for inspiration on how to spruce up retailing. Swatch Group AG, the maker of $50 plastic timepieces, is setting up a drive-through store where it will sell products from its namesake label packed in burger boxes and brown paper bags. The shop, next to the company’s ...

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Brazil’s Natura to buy Avon Products for $2bn in stock

Bloomberg Brazil’s Natura Cosmeticos SA agreed to buy rival Avon Products Inc in an all-stock deal valued at about $2 billion, positioning it as a growing force in the booming global cosmetics and skincare industry. Controlling shareholders of Natura, which bought the Body Shop retail chain in 2017, will form a new publicly traded holding company that will offer 0.3 ...

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Xi seeks global cooperation on tech as Trump bans Huawei

Bloomberg Countries should cooperate in developing the internet, big data and artificial intelligence, China President Xi Jinping said in a letter to the China International Big Data Industry Expo that started on Sunday in the southwestern city of Guiyang, Xinhua reports. China attaches great importance to the development of the big data industry and is willing to explore a growth ...

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