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India budget grocery chain eyes fivefold growth in heated market

Bloomberg Indian billionaire Radhakishan Damani’s discount supermarket chain, DMart, plans to boost its store count fivefold as it seeks to grow market share and hold its own against aggressive expansion from the likes of Mukesh Ambani’s Reliance Retail Ltd. Avenue Supermarts Ltd., which currently runs the fourth-largest number of convenience stores in India, could scale up the chain known for ...

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Some Bed Bath & Beyond suppliers halt shipments

  Bloomberg Some Bed Bath & Beyond Inc suppliers are restricting or halting shipments altogether after the home-goods retailer fell behind on payments, according to people familiar with the matter, complicating the company’s scramble for liquidity. Several of the firms that provide credit insurance or short-term financing to vendors have revoked coverage of Bed Bath & Beyond, according to the ...

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Swiss cabin crew wages likely to rise

  Bloomberg Wages for cabin crews at Swiss International Airlines AG are likely to rise as the airline attempts to retain staff, said Chief Executive Officer Dieter Vranckx. In an interview with the newspaper NZZ, Vranckx said Lufthansa-owned Swiss will likely offer higher wages to staff next month as inflation crimps the cost of living. “Wages will most likely be ...

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