Asia leads digital retail market over Europe, Asia- Bain

In 2017, China’s online retail penetration was 20 per cent and its CAGR (13-17) was 33 per cent. In comparison, the US achieved an online retail penetration rate of 12 per cent in…

Amazon sues financial crime agency in latest twist of Indian battle

India’s Enforcement Directorate (ED) has for months been probing Amazon’s $200 million investment in India’s Future Group for suspected violations of foreign investment laws.The investment is at the centre of protracted legal battles,…

EssiLux sues M&A target GrandVision to get Covid information

EssilorLuxottica announced a 7.2-billion-euro bid for GrandVision in July last year, aiming to control the Dutch eyewear group’s more than 7,000 outlets across the world.It filed the legal proceedings before a district court…

Grammy nominee blasts designers for dubbing her ‘too big’ to dress

Bebe Rexha — a singer who also nabbed a nomination for the tender country pop duet “Meant to Be” — called out designers on social media for refusing to craft her a custom…

German trade body warns of huge supply chain disruption over Omicron

German industry has been hit by supply shortages of microchips and other components, while rising coronavirus cases are clouding the outlook for retailers at the start of 2022.”There is no risk of collapse,…