As China e-commerce booms, private equity sees room for growth in storage space
But as Chinese consumers embarked on an online shopping spree, demand has soared from appliance makers, express delivery firms and e-commerce companies such as Alibaba Group Holding Ltd…
Diamond producers on the offensive against synthetic gemstones
In 2015, mining groups De Beers, Alrosa and Rio Tinto, which account for 75% of the world’s diamond output, set up the Diamond Producers Association (DPA), to promote…
LVMH cuts ties to crocodile farms criticized by animal rights group
“The LVMH group and its suppliers ceased all trading in 2014 with the farms named by Peta,” LVMH said on Friday, adding that it sources its crocodile skins…
Sainsbury’s-Asda store disposal plan falls short of watchdog’s demands
The two groups also said the UK competition regulator’s provisional view on Sainsbury’s agreed 7.3 billion pound takeover of Walmart owned Asda amounted to “prohibition in all but…
Tesco UK to cut net 800 jobs in cost-cutting drive
The supermarket group, the UK’s largest private sector employer with a staff of over 310,000, said the role of “people manager” and “compliance manager” will be removed from…
UK shoppers hit pause button on fashion purchases as Brexit looms
The British Retail Consortium (BRC) said total retail sales were up by a tiny 0.5% year-on-year, which is a lot slower than the 2.2% increase that had been…
‘Skin-icing’ is the affordable beauty routine to take on wrinkles and pimples
Rub an ice cube across your face to take advantage of what the cold can do… have you ever considered it? This technique, both simple and inexpensive, is…
Vietnam edges out China as top manufacturing location
It attributed the development to the recent trade agreements signed by Vietnam and the country’s cheaper workforce.KOTRA considered 31 of the latest manufacturing plants that were set up…
New Look in TrusTrace link-up for sourcing clarity
New Look becomes the first major UK retailer to join forces with TrusTrace, “marking a major milestone in our pursuit to make global supply chains traceable, circular and…