Japanese retailer Muji has been fined 200,000 yuan (£23,445) in Shanghai for using packaging that lists Taiwan as a country, underscoring China's growing sensitivity to how companies refer to the self-ruled island.
Value footwear retailer Shoe Zone may not have reported soaring sales for the six months to March 31 but the company kept its head above water and made progress as sales edged up by 1.1% to £73.7m and profit rose too.
After weeks of tense exchanges, the maternity apparel company announced the preliminary results of the vote for its Board members at its Annual Meeting on Wednesday, declaring the victory of a new slate of directors.
Shareholders of Westfield Corp voted in favour of a $16 billion takeover offer from Unibail-Rodamco, Westfield Chairman Frank Lowy said on Thursday, closing the biggest takeover offer of an Australian company on record.
The South African retailer has repaid about 2 billion euros ($2.34 billion) of its debt in Africa after its local unit used the proceeds of a fundraising to pay back 16 billion rand ($1.26 billion) in shareholder loans.
Target Corp’s first-quarter profit came in below analyst estimates as price cuts, higher wages and investments in its online business ate into margins, sending shares down 5 percent in afternoon trade on Wednesday.
Facebook is unlikely to compensate the 2.7 million European users whose data was improperly shared with political consultancy Cambridge Analytica because sensitive bank account data had not been shared.