Wednesday , 17 December 2025

Recent Posts

Supermarket casualties begin to pile up in Amazon-fuelled battle

Bloomberg This is how the grocery industry lives now. Regional chains are filing for bankruptcy. European-born discounters are expanding, forcing competitors to keep their own prices low. And Kroger Co. and Walmart Inc., the two largest grocers in the US, are investing in technology and expanding delivery as they try to fend off an incursion by Amazon.com Inc. It’s a …

Read More »

Pratt to ship spare engines for grounded IndiGo jets

Bloomberg Pratt & Whitney will provide spare engines within 40 days to get all grounded Airbus SE A320neo aircraft at India’s IndiGo flying again, with the first delivery scheduled for Wednesday, people with direct knowledge of the matter said. The engine maker communicated its plan on Tuesday to the jet’s biggest customer, the people said, asking not to be identified …

Read More »

Jewellery chain Claire’s files for bankruptcy

Bloomberg Claire’s Stores, known for tween jewellery and ear piercing, has become the latest victim of the retail apocalypse. The company filed for bankruptcy on March 19 and said it reached an agreement with creditors including its private-equity backer, Apollo Global Management LLC, to restructure around $1.9 billion in debt. Its plan to survive rests on its reputation for trendy …

Read More »