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سپتامبر 29, 2022

India’s Reliance launches first in-house premium fashion store

BENGALURU, Sept 29 (Reuters) – Reliance Industries Ltd’s (RELI.NS) retail unit launched its first in-house premium fashion and lifestyle store on Thursday, as the billionaire Mukesh Ambani-led company continues to grab a bigger slice of India’s luxury market.The new store chain called Azorte, the first of which was launched in Bengaluru, will compete with the likes of Mango and Industria de Diseno Textil SA-owned Zara (ITX.MC), and cater to millenials and Gen Z.”The mid-premium fashion segment is one of fastest growing consumer segments as millennials and the Gen Z are increasingly demanding the latest of international and contemporary Indian fashion,” Akhilesh Prasad, chief executive of the fashion and lifestyle arm of Reliance Retail, said.Register now for FREE unlimited access to Reuters.comRegisterThe launch is a part of the Ambani company’s aggressive strides in the retail industry, forging partnerships with domestic and global brands. read more The company plans to build a portfolio of 50 to 60 grocery, household and personal care brands within the year and is in advanced talks to get the rights for LVMH-owned French beauty brand Sephora in India.Reliance’s luxury and lifestyle foray has been led by Ambani’s daughter Isha.Register now for FREE unlimited access to Reuters.comRegisterReporting by Nandan Mandayam and Nivedita Bhattacharjee in BengaluruOur Standards: The Thomson Reuters Trust Principles. .

ژوئن 10, 2022

Asia Gold High prices drag India discounts to 7-week low; China demand sluggish

A saleswoman displays a gold necklace inside a jewellery showroom on the occasion of Akshaya Tritiya, a major gold buying festival, in Kolkata, India, May 7, 2019. REUTERS/Rupak De ChowdhuriRegister now for FREE unlimited access to Reuters.comRegister

India sees discount of up to $10/oz vs $9 last week
Indian buyers will wait for a hefty correction- dealer
Buyers in China cautious, conserving their expenditure – analyst

June 10 (Reuters) – Gold discounts in India this week were stretched to their highest level in seven weeks as higher prices repelled demand, while fresh concerns over the spread of COVID in top-consumer China left buyers reluctant to make purchases.This week, dealers in India were offering a discount of up to $10 an ounce over official domestic prices — inclusive of the 10.75% import and 3% sales levies, up from the last week’s discount of $9.Retail buying in India will remain weak, especially from rural areas as farmers focus on planting of summer-sown crops, said a Mumbai-based dealer with a private bullion importing bank.Register now for FREE unlimited access to Reuters.comRegister“In May, prices were attractive. Retail consumers were buying for weddings. Now buyers will wait for a hefty correction,” the dealer said.Weddings are one of the biggest drivers of gold purchases in India.In China, gold was being sold at a discount of $1.5 to a premium of $0.5 an ounce versus global benchmark spot rates .Physical gold demand in China is pretty sluggish, StoneX analyst Rhona O’Connell said, adding that people haven’t been coming back into the market yet after lockdowns were eased, as they are cautious about the outlook and are conserving their expenditure for now.China’s commercial hub of Shanghai faces an unexpected round of mass COVID-19 testing for most residents this weekend – just 10 days after a city-wide lockdown was lifted. read more COVID-related restrictions weighed on demand in China in May and “the average trading volumes of Au9999 – a proxy of Chinese wholesale gold demand – witnessed the weakest May since 2013,” the World Gold Council said in a monthly note.In Hong Kong, gold continued to be sold at a discount of about $1.8 an ounce to a $1 premium, while in Japan, gold was sold between a premium of 50 cents and at par with the benchmark.Register now for FREE unlimited access to Reuters.comRegisterReporting by Eileen Soreng, Bharat Govind Gautam in Bengaluru, Rajendra Jhadav in Mumbai; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles. .

می 5, 2022

Levi Strauss to reimburse abortion travel for employees

May 4 (Reuters) – Levi Strauss & Co said on Wednesday it will reimburse travel expenses for its full- and part-time employees who need to travel to another state for health care services, including abortions.The apparel company best known for its jeans is the latest U.S. company to offer the benefit as various states clamp down on access to abortions.And now, the U.S. Supreme Court looks set to vote to overturn the Roe v. Wade decision that legalized abortion nationwide, according to a leaked initial draft majority opinion published by Politico on Monday. read more Register now for FREE unlimited access to Reuters.comRegister“Given what is at stake, business leaders need to make their voices heard and act to protect the health and well-being of our employees. That means protecting reproductive rights,” the company said in a statement.Other companies have pledged to offer similar support to their U.S. employees who need to travel out of states like Texas and Oklahoma that have restricted access to abortion services.Amazon.com Inc (AMZN.O), the second-largest U.S. private employer, on Monday told employees it will pay up to $4,000 in travel expenses yearly for non-life threatening medical treatments, among them elective abortions. read more Crowd-sourced review platform Yelp, Inc (YELP.N) said it will start in May to cover expenses for its employees and their dependents who need to travel to another state for abortion services. read more One of the leading Hollywood talent agencies, UTA, said it would reimburse travel expenses related to receiving women’s reproductive health services that are not accessible in an employee’s state of residence.”We’re doing this to support the right to choose that has been a bedrock of settled law for almost half a century,” Jeremy Zimmer, UTA’s chief executive, wrote in a staff memo Wednesday that was seen by Reuters.Citigroup Inc (C.N) became in March the first major U.S. bank to make a similar commitment. read more Register now for FREE unlimited access to Reuters.comRegisterReporting by Doyinsola Oladipo; Dawn Chmielewski in Los Angeles; Editing by Anna Driver, Alexandra Hudson, Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles. .

ژانویه 24, 2022

سهام کوهل به دلیل علاقه خرید از Sycamore، Acacia افزایش یافت

24 ژانویه (رویترز) – پس از گزارش رویترز مبنی بر اینکه شرکت سهامی خصوصی Sycamore Partners با پیشنهاد خرید 9 میلیارد دلاری به فروشگاه های زنجیره ای نزدیک شده است، سهام شرکت Kohl (KSS.N) 36 درصد افزایش یافت. یک منبع گفت. روز یکشنبه Sycamore حاضر به پرداخت حداقل 65 دلار به ازای هر سهم بود که به معنای حق بیمه 39 درصدی نسبت به آخرین قیمت بسته بود. Starboard Value-backed Acacia Research (ACTG.O) هفته گذشته پیشنهاد پرداخت 64 دلار به ازای هر سهم را داد. بیشتر بخوانید Kohl's روز دوشنبه تایید کرد که نامه‌هایی مبنی بر ابراز علاقه به تصاحب دریافت کرده است و اضافه کرد که هیئت مدیره اقداماتی را انجام خواهد داد که به نفع شرکت و سهامداران آن باشد. نام خواستگاران را ذکر نکرده است. اکنون برای دسترسی نامحدود رایگان به رویترز.com ثبت نام کنیدثبت نام سرمایه گذاران فعالی مانند Macellum Advisors و Engine Capital که از عملکرد کهل ناراضی هستند، همچنین از آن خواسته اند تا گزینه ها، از جمله فروش را بررسی کند. . اطلاعات بیشتر مانند رقبای Macy's (MN) و Nordstrom (JWN.N)، Kohl's سهم بازار خود را به زنجیره های آنلاین و غیر قیمتی از دست داده است، اما اخیراً با Sephora و PVH (PVH.N) LVMH (LVMH.PA) کالوین کلاین تحسین تحلیلگران را به دست آورده است. تابلویی نشانگر فروشگاه Kohl در مدفورد، ماساچوست، ایالات متحده، 21 فوریه 2017 است. رویترز/برایان اسنایدر/فایل عکس هفته کسب و کار جهانی در آیندهبیشتر بخوانید 1 درصد از Kohl's، روز دوشنبه از خرده فروش خواست تا با اشاره به پیشنهاد Acacia، پیشنهاد خرید با 37 درصد حق بیمه را "به شدت دنبال کند". تعدادی از تحلیلگران گفتند که Kohl's که دارای ارزش بازار 6.52 میلیارد دلار است، می تواند ارزش بیشتری داشته باشد. پل لژوئز از سیتی در یادداشتی نوشت: «KSS یک تولیدکننده قوی FCF (جریان نقدی رایگان) است و به نظر نمی‌رسد از بازار اعتباری دریافت کند، و این امر باعث می‌شود پیشنهادات را در نظر بگیریم». مایکل بینتی از Credit Suisse در یادداشتی نوشت ارزش 70 تا 80 دلاری. سهام برای بهترین شب روز خود در مسیر بودند با توجه به اینکه این اخبار رقبای Macy's و Nordstrom را نیز بالاتر می برد. با این حال، تحلیلگران UBS متقاعد نیستند که یک معامله اتفاق بیفتد زیرا آنها شک دارند که املاک و مستغلات کهل ارزش کافی برای ارائه وثیقه کافی را داشته باشد. آنها اضافه کردند که تغییرات عملیاتی پیشنهاد شده توسط فعالان نمی تواند جلوی زیان سهم بازار را بگیرد و ممکن است طلبکاران را متقاعد نکند که سرمایه کافی وام بدهند. اکنون برای دسترسی نامحدود رایگان به رویترز.com ثبت نام کنید. بنگالورو ویرایش توسط کریشنا چاندرا الوری و آدیتیا سونی استانداردهای ما: اصول اعتماد تامسون رویترز. .