Recent Posts

Lululemon founder to join bid for Amer

Bloomberg The founder of yoga-apparel retailer Lululemon Athletica Inc. is close to joining the Chinese investor group pursuing a takeover of Amer Sports Oyj, owner of brands including Wilson tennis rackets, people familiar with the matter said. Canadian billionaire Chip Wilson is in talks to take around a 20 percent stake as part of the consortium led by Anta Sports ...

Read More »

Robot janitors coming to mop Walmart floors

Bloomberg Robots are coming to a Walmart Inc. near you, and not just as a gimmick. The world’s largest retailer is rolling out 360 autonomous floor-scrubbing robots in some of its stores in the US by the end of the January, it said in a joint statement with Brain Corp., which makes the machines. The autonomous janitors can clean floors ...

Read More »

UK consumer spending growth slows

Bloomberg UK consumer spending growth slowed in November as concerns about Brexit prompted households to become more cautious with their cash. Spending grew 3.3 percent in November, the weakest pace since extreme cold weather dubbed the “Beast from the East” kept shoppers away from stores in March, according to a report by Barclaycard published on Tuesday. The proportion of UK ...

Read More »
Send this to a friend