Flipkart has bought back $350 million worth of shares from its investors as it seeks to convert its Singapore-incorporated company to a private limited firm, in a move that could make a way for a new strategic investor.
The fashion group said on Thursday it plans to shutter all retail stores in Australia and New Zealand, as the region continues to prove loss-making for the Hong Kong-listed company. Some 350 staff will lose their jobs.
Mexico’s Senate on Tuesday voted to ratify a Asia-Pacific trade agreement, making it the first of 11 signatory countries to back the arduously negotiated framework that was rejected by the United States.
Karl Lagerfeld is enriching Chanel's luxury offering with two new collections: Coco Beach, dedicated to the ocean, and Coco Neige, designed for hitting the slopes. Both are set to arrive in store this summer.