Claire’s Stores Inc said on Monday it filed for Chapter 11 bankruptcy protection and expects to reduce debt by about $1.9 billion, as the struggling retailer of girls’ accessories combats a fall in mall traffic.
While UK shopping mall giants Hammerson and Intu are accelerating towards their planned merger, the plans could be impacted by the arrival of Klepierre, with reports emerging that it made a bid for Hammerson this month.
Alibaba said it will invest an additional $2 billion in Southeast Asian e-commerce firm Lazada Group and replace its CEO, consolidating its control over the firm as it targets an aggressive expansion in the region.
Google routinely fields product queries from millions of shoppers. Now it wants to take a cut of their purchases, and is teaming up with retailers including Target, Walmart, Home Depot, Costco and Ulta Beauty .
Some 110 countries have agreed to work towards forming an international consensus by 2020 on how to tax digital businesses across borders, the Organisation for Economic Cooperation and Development said on Friday.
Oozing charm and confidence, 22-year-old Sithembiso Mutukura beat 12 other contestants in Zimbabwe's first Miss Albinism beauty contest aimed at reducing stigma and increasing awareness about the condition.
Chinese video streaming service provider iQiyi Inc, a unit of search engine giant Baidu Inc, has launched an initial public offering in New York worth up to $2.4 billion, seeking to expand its range of content.