Alibaba gives up control of Russian unit to form new JV

Source: Dukascopy Bank SA
Alibaba Group, the Chinese largest e-commerce company, ceded its control of the Russia business unit to establish a new joint venture with two tech firms and a state fund.
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Tue, 11 Sep 2018 12:33:33 GMT

Germany's department store chains Karstadt and Kaufhof to merge

Signa Holding and Hudson's Bay Company agreed to merge the two German largest department store chains Karstadt anf Galeria Kaufhof, in a move to respond to tough competition from the e-commerce players.

Tue, 11 Sep 2018 10:56:56 GMT

Aryzta clinches deal with five banks for raising nearly €800M

Aryzta, one of the biggest bakeries in the world, has clinched an underwriting agreement with five banks, as it seeks to raise €800M in new capital to boost the balance sheet.

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