U.S. asset manager Fidelity Investments has cut its valuation of Chinese financial technology giant Ant Group in half in its latest filings assessing the worth of the shares its funds hold in the group.
Chinese e-commerce giant Alibaba Group Holding has frozen pay raises for senior executives in 2021, and is instead giving junior staff bigger pay rises, sources said, in an effort to retain its main workforce.
Galeria Karstadt Kaufhof director Miguel Müllenbach has planned numerous discount campaigns for when lockdown regulations ease. Germany’s last department store chain may require additional aid from the state.
Alarm bells are continuing to ring over the future of Britain’s retail industry. Despite a positive return for non-essential retail in England, Wales and Scotland so far, more store closures are due in the months ahead.
£2 million a year. That’s the target set by the BFC to maintain and grow its programmes to foster new talent. To that end, Tania Fares and Narmina Marandi have been appointed co-chairs of the BFC Foundation.
The owner of Lee and Wrangler announced on Tuesday that it has expanded its collaboration with industrial hemp producer Panda Biotech in order to accelerate the commercialization of U.S.-grown and processed hemp.