Bloomberg Inditex SA, the world’s biggest clothing retailer, is seeking a buyer for 16 Zara stores in Iberia as online purchasing takes off in Spain. Inditex, owned and founded by Amancio Ortega, the world’s fourth-richest man, is seeking $472 million for the stores in a 20-year sale-and-leaseback agreement that would give the buyer the right to vacate the properties after ...

Bloomberg Wal-Mart Stores Inc.’s Asda unit has appointed a former Amazon.com Inc. finance director to help it turn around its struggling UK business, according to people familiar with the matter. Rob McWilliam will rejoin Asda as a part-time strategic adviser to new Chief Executive Officer Roger Burnley, said the people, who asked not to be named as the information is ...

Bloomberg Imran Ameer booked tickets to spend 10 days on the beaches of Lombok, near Bali, with his pregnant wife and 17-month-old daughter. Then Mount Agung in eastern Bali erupted, forcing the 28-year-old from Melbourne to scrap that plan. He’s not alone. With a possibility of the volcano erupting again any time, scores of hotel rooms and flights to Bali ...