Business
Business
Exclusive-Online Retailer Shein to Hold Roadshows Soon Ahead of London Ipo, Sources Say
Business
Britain’s Tesco Lifts Profit Outlook After Strong First Half
Business
Britain’s Tesco Lifts Annual Profit Forecast After Strong First Half
Business
Euro Area Long-Dated Yields Rise After Sharp Drop, Geopolitics in Focus
Sainsbury’s Boss Looks to UK Budget to Lift Spending Gloom
Date: October 2, 2024
By James Davey COBHAM, England (Reuters) – Britons bruised by a cost of living crisis will not start spending strongly again until the new Labour government sets out its tax and spending plans, and interest rates fall further, the boss of supermarket Sainsbury’s said. Chief Executive Simon Roberts told Reuters that despite falling inflation, higher...
French Retailer Casino to Present New Strategy With Heavy Job Cuts Expected
Date: October 1, 2024
PARIS (Reuters) – French supermarket chain Casino will set out its new strategy in November, with heavy job cuts still likely, it said on Monday. The final number of job cuts could be fewer than 3,000, depending on the outcome of takeover negotiations currently under way, the company said in a statement. “Sale negotiations...
The Role of Effective KYC in Strengthening Customer Trust and Protecting Business Reputation
Date: September 30, 2024
Know Your Customer (KYC) practices are fundamental to establishing and maintaining trust between businesses and their customers. At its core, KYC involves verifying the identity of customers to prevent fraud, money laundering, and other illicit activities. By implementing effective KYC procedures, businesses demonstrate their commitment to security and integrity, which significantly enhances customer trust. Customers...
Thailand’s Central Group Takes Over Swiss Department Stores Globus
Date: September 30, 2024
BERLIN (Reuters) – Thai retail and property conglomerate Central Group said on Monday it will take over the operational business of Magazine zum Globus AG, which operates luxury department stores in Switzerland. Globus is another piece of the fallen empire of Austrian property tycoon Rene Benko, whose sprawling Signa group folded late last year,...
UK Business Confidence Falls From Eight-Year High, Lloyds Says
Date: September 30, 2024
By David Milliken LONDON (Reuters) – British business confidence ebbed slightly this month after reaching an eight-year high in July and August, as concerns about the broader economic outlook rose to a six-month high, a survey from Lloyds Bank showed on Monday. Lloyds’ overall business barometer – which represents the difference between the percentage...
Aeffe Sells ‘Moschino’ Brand for Perfumes to Euroitalia
Date: September 27, 2024
MILAN (Reuters) – Italian fashion group Aeffe has agreed to transfer the ownership of its ‘Moschino’ brand in relation to a range of products such as cosmetics and perfumes to Euroitalia for 98 million euros ($110 million), it said on Thursday. Euroitalia, which has been making the Moschino fragrances since 1987, was already the...