Swatch's foray into electric car batteries, announced late last year, has investors wondering about the group's strategy in a shrinking market, with questions about the timetable and cost feasibility of the project.
India-focused online fashion retailer Koovs said the government’s move to take 500 and 1,000 rupee notes out of circulation has caused the business cash liquidity issues. Despite this, group revenue has doubled.
Private equity firm Berkshire Partners LLC said on Wednesday it would acquire a significant minority stake in Kendra Scott Design Inc, in a deal that sources said values the company at more than $1 billion.
The Ohio-based retailer will likely declare bankruptcy and possibly a liquidation as early as this week or next. Analysts cite the chain's dependency on shopping mall traffic as the reason for its downfall.
Nike Inc, the world's No. 1 footwear maker, reported better-than-expected quarterly revenue, helped by higher demand from Western Europe, Greater China and emerging markets and a rebound in its basketball category.