Russian Billionaire Buys 276 Real Hypermarkets Sistema Finance S. A., a subsidiary of Russian AFK Sistema, will allocate up to EUR 263 million for financing the transaction.
Groupon Stops Selling Goods, only Experiences The discount service will no longer sell staff, only experiences.
Amazon Launches VRSNL Luxury Online Store The brands represented include Rick Owens, Marni, Balmain, Versace as well as Rag & Bone and Adidas Special Collections.
Gucci Opens its First Restaurant in the United States The Fashion House has announced plans to open a new restaurant in Beverly Hills.
IKEA Closes the 7-story Store in The UK Due to Revenue Drop The retailer calculates losses from traditional retail channels as consumers move online.
Macy’s to Close 125 More Department Stores The Company has adopted a new development strategy, which will include the closing of department stores in large shopping malls.
Starbucks Focuses on Coffee Machines with Artificial Intelligence The network of coffee shops is expanding the use of artificial intelligence technology in coffee machines.
H&M, Starbucks and McDonald’s are closing in China The largest retailers and catering operators are temporarily closing their business in the Celestial Empire.
Nintendo will Open Theme Parks all Over the World New park locations for Nintendo include Florida and California in the USA, Osaka (Japan), and Singapore.
Louis Vuitton will Open a Restaurant in Japan The French fashion house and luxury goods manufacturer invites fans to discover new facets of the brand - to visit its first restaurant.
The Arab Fund Paid Over $480 mln for the Shopping Mall in Russia One of the largest deals in retail real estate has been closed on the Russian market.
M&M’s Will Open New “Exciting” Stores in the United States and Europe Mars Retail Group has announced upcoming discoveries at Disney Springs, Mall of America, and Berlin.
