Bloomberg Wm Morrison Supermarkets’ planned takeover of struggling UK convenience store-chain McColl’s Retail Group Plc will get a formal antitrust probe from Britain’s competition watchdog. The Competition and Markets Authority (CMA) said it had officially kicked off a merger inquiry into the deal to see whether it would result in a lessening of competition in the UK groceries market, ...

  Bloomberg Sephora, the cosmetics retailer owned by LVMH, agreed to sell its Russian subsidiary, making it the latest brand to pull out of the country following its invasion of Ukraine. LVMH is selling Sephora’s Russia business to the local general manager, the company said. In early March, the group temporarily closed its Russian stores. Sephora’s exit comes as European ...

Bloomberg Sri Lankan President Gotabaya Rajapaksa left the country for the Maldives on a military aircraft, an air force spokesman said on television, hours ahead of his expected resignation on Wednesday. The Sri Lankan Air Force provided an aircraft for the 73-year-old leader to leave the country following a decision by the security council, Air Force spokesman Group Captain Dushan ...