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Toys ‘R’ Us explores $2bn Asia unit options

Bloomberg Toys “R” Us Inc., the retailer that filed for bankruptcy in North America, has been exploring options for its growing Asian business including a potential initial public offering, people with knowledge of the matter said. The US chain and its local joint venture partner, the billionaire Fung brothers, have been speaking with investment banks to study the feasibility of ...

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Drones to deliver burritos in Australia as Alphabet begins test

Bloomberg Alphabet Inc.’s Project Wing is taking the next step to deliver items to people’s homes via drone, beginning a demonstration project this week in Australia with a Mexican food chain and a pharmacy company. Small drones will begin delivering actual purchases to backyards in rural areas, James Ryan Burgess, co-lead of Project Wing, said in a blog post. Alphabet’s ...

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Investors in search of bargains as UK discount retailers soar

Bloomberg When it comes to UK retailing, investors and consumers have one thing in common: Both are putting an emphasis on value. Stocks from budget homewares seller B&M European Value Retail SA to sausage-roll purveyor Greggs Plc are having a stellar year, with gains being driven by shoppers’ desire for a bargain or an affordable treat. Their advance contrasts with ...

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