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June 14, 2017

Walmart staff deliver, Heineken takeover challenged, and Nordstrom family to buy out

Walmart staff deliver

Family business giant Walmart encouraging staff to make online-order deliveries on their way home is a “win-win-win” for workers, customers and the business.

The retailer is attempting to head off competition from Amazon and pitched the idea as a way for staff to make extra money, while the business cuts costs.

June 7, 2017

Lidl new catwalk for Heidi Klum; EasyJet founder pledges half his fortune; and Ralph Lauren appoints new chief executive

Lidl new catwalk for Heidi Klum

Model Heidi Klum has chosen the aisles of Lidl as her next catwalk, launching a fashion line in conjunction with the discount supermarket.

The range will be released in the chain’s 650 UK and 9000-plus European stores this autumn.

September 16, 2015

L.L. Bean, the All-American fashion retailer based in Maine, has closed its 24-hour flagship store to remember third-generation family member Leon Gorman, who died this month from cancer. The philanthropist and businessman was 80.

L.L. Bean, the All-American fashion retailer based in Maine, has closed its 24-hour flagship store to remember third-generation family member Leon Gorman, who died this month from cancer. The philanthropist and businessman was 80.

It is the third time the chain’s Freeport store has closed since its all-hours service started in 1951. The two other occasions were the deaths of US president John F Kennedy and the company’s eponymous founder, L.L. Bean.

December 4, 2013

Swedish family empire H&M has been granted approval from the Indian Foreign Investment Promotion Board to launch its stores in the South Asian country, the government announced on Monday.

Swedish family empire H&M has been granted approval from the Indian Foreign Investment Promotion Board to launch its stores in the South Asian country, the government announced on Monday.

The 7.2 billion rupee (€85 million) investment will allow the fast-fashion giant to create a wholly-owned subsidiary in the country, where it has previously said it plans to open 50 stores.

September 20, 2011

One can’t help but be fascinated by IKEA. Whether due to a sense of bewilderment that so many millions of people are willing to subject themselves to the bizarre torture of the IKEA shopping process. Or the mystery surrounding the popularity of their restaurant meatballs, which even have their own Facebook page.

One can’t help but be fascinated by IKEA.

Whether due to a sense of bewilderment that so many millions of people are willing to subject themselves to the bizarre torture of the IKEA shopping process. Or the mystery surrounding the popularity of their restaurant meatballs, which even have their own Facebook page.

June 6, 2011

The world’s largest retailer, family-controlled Walmart, announced on 3 June that it will buyback company shares, a move that will increase the Walton family’s stake in the business.

The world’s largest retailer, family-controlled Walmart, announced on 3 June that it will buyback company shares, a move that will increase the Walton family’s stake in the business.

At the Arkansas-based group’s 41st annual shareholders meeting, the company announced that it will buyback $15 billion shares from investors – a continuation of last year’s $13 billion share repurchase.

May 3, 2011

Family-controlled luxury retail group PPR announced on 2 May that it will acquire sportswear brand Volcom for €410.9 million, in a further attempt to refocus PPR on the luxury and lifestyle division. 

Family-controlled luxury retail group PPR announced on 2 May that it will acquire sportswear brand Volcom for €410.9 million, in a further attempt to refocus PPR on the luxury and lifestyle division.

In a statement, the group said that it will buy 100% of California-based Volcom’s shares as it tries to expand PPR’s sports and lifestyle operations. It expects the deal to be completed by the third quarter of the year.

The purchase is a further example of PPR’s strategy to specialise in clothes and accessories focused on the luxury markets.

February 23, 2011

Family-controlled retail giant Walmart announced on 22 February that its sales for the fourth quarter had grown despite seeing a slowdown in its US home market.

Family-controlled retail giant Walmart announced on 22 February that its sales for the fourth quarter had grown despite seeing a slowdown in its US home market.

In a statement, the Arkansas-based retailer said that revenues rose by 2.5% to $115.6 billion while its profits increased by 27% for the fourth quarter. This rise was attributed to the company’s strong operations of Walmart International and Sam’s Club, while emerging markets too had seen a boost with every country contributing to an increase in sales.

January 24, 2011

Albert Heijn, the man responsible for turning his family’s Dutch grocery chain into the international retailing giant Royal Ahold, passed away on 13 January aged 83.

Albert Heijn, the man responsible for turning his family's Dutch grocery chain into the international retailing giant Royal Ahold, passed away on 13 January aged 83.

Heijn joined the family business in 1949 as a salesman, working his way up to become chief executive in 1962. The family business traces its roots back to 1887 when Heijn's grandfather started a grocery store in the Netherlands. Today, Ahold is among the biggest retail chains in the country with more than 800 outlets, and owns more than 3,000 supermarkets world-wide.

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