EU antitrust regulators hit Google with a record 2.42-billion-euro ($2.7 billion) fine on Tuesday, taking a tough line in the first of three investigations into the company's dominance in searches and smartphones.
India Businessman Pankaj Jain is so worried about the impending launch of a new sales tax in India that he is thinking of shutting down his tiny textile factory for a month to give himself time to adjust.
The 150,000-square-foot, 6-floor headquarters features an open plan workspace, as well as a 4,000-square-foot basketball court. Nike moved its headquarters to the new space to better serve its customers.
Activist investor Marcato Capital Management on Tuesday warned Deckers Outdoor that it seeks to shake up management and the board by replacing all directors unless the footwear maker sells itself at an attractive price.
UK shops had a better June than expected but retailers are their most downbeat about the month ahead since September last year, a survey showed on Tuesday, underscoring how cautious shoppers remain as inflation rises.
Patrik Frisk heads to Under Armour from VF Corporation, where he held numerous executive roles over 10 years. UA also named Paul Fipps Chief Technology Officer and Colin Browne Chief Supply Chain Officer.
Hedge funds have significantly stepped up bets against Britain's traditional high street retailers, as the sector struggles with online competition, worries about a stretched consumer and weakening sales and profits.
John Lewis’s Fashion department returned to growth in the seven days to June 24, even though the retailer overall saw sales down slightly. Shoppers bought much more casualwear and swimwear for the summer holiday season
New Look has named a new Chief Creative Officer to replace Roger Wightman. Paula Dumont López is currently Senior Vice-President/Head of Esprit Women. She will join in September and will sit on the board.
French beauty products giant L'Oreal said Tuesday it has a signed a contract to sell The Body Shop, which it has owned for over a decade, to Brazil's Natura Cosmeticos for one billion euros ($1.1 billion).