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Amazon in talks to buy up to 10% stake in India’s Future Retail: Bloomberg

5 days ago DieselGasoil Comments Off on Amazon in talks to buy up to 10% stake in India’s Future Retail: Bloomberg
FILE PHOTO: The logo of Amazon is seen at their new warehouse during its opening announcement on the outskirts of Mexico City, Mexico July 30, 2019. REUTERS/Carlos Jasso/File Photo (Reuters) – Amazon.com Inc (AMZN.O) is in late-stage talks to buy as much as 10% of India’s Future Retail Ltd (FRTL.NS), Bloomberg reported on Tuesday, citing Read More

New York fashion grandee Barneys files for bankruptcy protection

2 weeks ago DieselGasoil Comments Off on New York fashion grandee Barneys files for bankruptcy protection
(Reuters) – U.S. department store operator and fashionista favorite Barneys New York Inc filed for bankruptcy protection on Tuesday and put itself up for sale, underscoring how even luxury retailers are struggling to freshen their image and compete with online rivals. The nearly century-old chain, best known for swanky shop windows on New York’s Madison Read More

Factbox: J.C. Penney’s revolving door of CEOs

2 weeks ago DieselGasoil Comments Off on Factbox: J.C. Penney’s revolving door of CEOs
(Reuters) – J.C. Penney Co Inc (JCP.N) late last year tapped Jill Soltau as chief executive officer to stem the decline in sales, the fifth leadership change at the department store operator in 15 years. A JC Penney store is shown in Oceanside, California, U.S., July 31, 2019. REUTERS/Mike Blake She is tasked with a Read More

For J.C. Penney CEO, debt haunts turnaround bid

2 weeks ago DieselGasoil Comments Off on For J.C. Penney CEO, debt haunts turnaround bid
NEW YORK (Reuters) – J.C. Penney Co Inc’s (JCP.N) stock has plunged more than 70% over the past year and now trades under $1. Its first-quarter financial loss nearly doubled to $154 million. Levi’s men clothing is pictured inside a JC Penney store in Oceanside, California, U.S., July 31, 2019. REUTERS/Mike Blake But in newly-minted Read More

Luxury department store Barneys files for bankruptcy protection

2 weeks ago DieselGasoil Comments Off on Luxury department store Barneys files for bankruptcy protection
(Reuters) – U.S. luxury department store chain Barneys New York Inc filed for Chapter 11 bankruptcy on Tuesday and put itself up for sale after facing soaring rents and failing in its earlier attempts to find a buyer for the cash-strapped retailer. The Barneys New York sign is seen in a display window outside the Read More

Luxury department store Barneys files for bankruptcy: New York Times

2 weeks ago DieselGasoil Comments Off on Luxury department store Barneys files for bankruptcy: New York Times
The Barneys New York sign is seen in a display window outside the luxury department store in New York, U.S., July 31, 2019. REUTERS/Shannon Stapleton (Reuters) – U.S. luxury department store chain Barneys New York Inc filed for Chapter 11 bankruptcy protection to restructure its business and pursue a sale, the New York Times reported Read More

Amazon in early talks to buy stake in India’s Reliance Retail: ET

2 weeks ago DieselGasoil Comments Off on Amazon in early talks to buy stake in India’s Reliance Retail: ET
BENGALURU/MUMBAI (Reuters) – Amazon.com Inc (AMZN.O) is in exploratory talks with Reliance Industries Ltd’s (RELI.NS) retail unit to buy an up to 26% stake in India’s biggest brick-and-mortar retailer, the Economic Times (ET) reported on Thursday. FILE PHOTO: The logo of Amazon is seen at their new warehouse during its opening announcement on the outskirts Read More

Amazon in talks to buy stake in India’s Reliance Retail: ET

2 weeks ago DieselGasoil Comments Off on Amazon in talks to buy stake in India’s Reliance Retail: ET
FILE PHOTO: The logo of Amazon is seen at their new warehouse during its opening announcement on the outskirts of Mexico City, Mexico July 30, 2019. REUTERS/Carlos Jasso/File Photo BENGALURU (Reuters) – Amazon.com Inc (AMZN.O) is in exploratory talks with Reliance Industries Ltd-owned (RELI.NS) Reliance Retail for buying up to 26% stake in India’s biggest Read More

Ralph Lauren hints at weakness in North America business, shares fall

3 weeks ago DieselGasoil Comments Off on Ralph Lauren hints at weakness in North America business, shares fall
(Reuters) – Ralph Lauren Corp (RL.N) said it expects full-year sales in North America to be pressured by a tough retail environment and weakness in spending by foreign tourists, overshadowing upbeat quarterly earnings and sending its shares down about 4%. FILE PHOTO: A man walks past Ralph Lauren Corp.’s flagship Polo store on Fifth Avenue Read More

Shining a light on conflict: RT honors best war reporting with 2019 Khaled Alkhateb Memorial Awards

3 weeks ago DieselGasoil Comments Off on Shining a light on conflict: RT honors best war reporting with 2019 Khaled Alkhateb Memorial Awards
Heartfelt insights to living in a warzone and dramatic videos showing the impact of conflict are among the winners of this year’s Khaled Alkhateb Memorial Awards, launched in honor of the RT stringer killed in Syria. The broadcaster founded the awards recognizing excellence in conflict journalism in the memory of RT Arabic contributor Khaled Alkhateb, who Read More