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Burberry CEO Says 'confident' in Bankrupt Saks Global's Leadership
Date: January 21, 2026
Jan 21 (Reuters) - Burberry CEO Joshua Schulman said on Wednesday that the luxury brand was confident in the new leadership at Saks Global, but declined to comment on the British group's exposure to...
Top Ikea Retailer Says Price Consistency Key as Shoppers Seek Stability
Date: January 19, 2026
By Divya Chowdhury and Greta Rosen Fondahn DAVOS, Switzerland, Jan 19 (Reuters) - Maintaining consistency and not over-reacting on pricing is key for retailers as customers seek stability, the CEO of...
Revolut Seeks Peru Banking License to Expand Latin America Footprint
Date: January 19, 2026
Jan 19 (Reuters) - Britain's Revolut said on Monday it has applied for a full banking license in Peru, marking the global fintech firm's fifth market expansion in Latin America. The $75 billion...
Douglas Sales Meet Estimates, but Consumer Sentiment Drags Margins
Date: January 19, 2026
Jan 19 (Reuters) - German beauty retailer Douglas reported first-quarter sales in line with market expectations on Monday, but said customers' heightened price sensitivity led to a weaker than...
Musk and Ryanair CEO Clash Over Cost of Starlink Wi-Fi on Planes
Date: January 16, 2026
Jan 16 (Reuters) - Elon Musk on Friday called Ryanair CEO Michael O'Leary an "utter idiot" who should be fired, escalating a public spat that began after the airline boss ruled out installing Musk's...
Analysis-To Survive, Saks Must Court the Slightly-Less-Wealthy
Date: January 15, 2026
By Nicholas P. Brown NEW YORK, Jan 15 (Reuters) - Saks Global, the iconic and now-bankrupt luxury retailer, may have to broaden its consumer base if it wants to survive in the increasingly fickle...