Sector: Consumers
Amazon To Open Brick And Mortar Shops
Online retail giant Amazon.com Inc. (AMZN) is planning to get back into brick and mortar shops as the company is looking to open large departmental store-like facilities, reported WSJ on Thursday. The stores are expected to follow the concept of the in-business departmental store brands like Macy’s Bloomingdale’s Inc. and Nordstrom Inc., but will be … Read more
Adidas agrees to sell Reebok to Authentic Brands
Adidas AG said it has agreed to sell Reebok to Authentic Brands Group for up to 2.1 billion euros, the equivalent of $2.47 billion, putting an end to months of speculation over potential buyers for the athletic brand. The sale to the brand-management company is expected to go ahead in the first quarter of next … Read more
Borosil announces benchmark setting Covid package to take care the families of the deceased employees
Shreevar Kheruka (Managing Director of Borosil Limited) announces that in the event of an unfortunate demise of any employee due to Covid – the family will be given 2 years of salary; and the education of the children of the employee will be paid till graduation in India. The above policy was made applicable for … Read more
Supreme Court says CCI probe against Amazon, Flipkart will continue
The Supreme Court on Monday said an antitrust investigation into business practices of Amazon.com Inc and Walmart’s Flipkart must continue, rejecting demands of the two e-commerce giants to put them on hold. The Competition Commission of India (CCI) ordered the investigation in 2020 against the companies for allegedly promoting select sellers on their e-commerce platforms … Read more