September 9th, 2016
Apple held its annual fall event this Wednesday, September 7th 2016. While the iPhone continues to headline Apple’s fall events, Wednesday’s presentation also spent considerable time focused on an important country for Apple and its mobile devices – Japan. The big announcement for the Japanese market came when Apple unveiled that it would be extending […]
September 6th, 2016
Apple Inc is widely expected to announce the new iPhone 7 and iPhone 7 Plus during its annual launch event on 7 September.
August 19th, 2016
Although it failed to obtain US antitrust approval within the agreed deadline to acquire the GE appliances business in late 2015, Electrolux AB has been actively hunting for acquisitions as well as developing connected appliances in order to improve its global competitiveness.
August 18th, 2016
In August 2016, Samsung Corp announced the acquisition of Dacor Inc in consumer appliances. Both companies are compatible in terms of product offering as well as target consumers in the US. By acquiring Dacor, Samsung gains a number of advantages, namely leveraged brand and product strategy especially in large cooking appliances, shared production capacities and […]
August 17th, 2016
On August 17th, 2015 Liberty Interactive, the parent company of QVC, agreed to buy online flash-deal retailer, Zulily, for US$2.4 billion.
August 10th, 2016
Introduction Mexican department store company El Puerto de Liverpool SAB de CV announced on August 10 that it has acquired the retail chain Suburbia from Wal-Mart de México SAB de CV for a total of Mx$19,000 million (approximately US$1 billion), pending review by Mexican regulatory agencies. The purchase ends months of speculation as to who […]
August 9th, 2016
On August 8th, 2016, Wal-Mart Stores confirmed that it is indeed purchasing Jet.com for US$3.3 billion. Wal-Mart Stores issued a press release about the acquisition. This was followed by a conference call with the media hosted by the president and chief executive officer of Wal-Mart Stores, Doug McMillon.
August 3rd, 2016
It was recently announced that Wal-Mart Stores Inc. is in discussion to acquire an up and coming US etailer, Jet.com. Jet.com seeks to revolutionize the logistics of ecommerce Marc Lore founded Jet.com just last year in July 2015. He’s known for his previous ecommerce ventures such as Quidisi.com. Jet.com raised more than US$500 million in […]
July 27th, 2016
Mondelez continues to zealously pursue its CEO Irene Rosenfeld’s mantra – “focus on what we can control”. With that in mind, little has changed this quarter, as the company continued to heavily focus on cost-cutting strategies with the aim of expanding profit margins, with operating income margins up to 15.2%.
July 21st, 2016
Today marks the one-year anniversary of Jet’s launch. Since its official launch on 21 July 2015, the e-commerce retailer has seen significant sales growth, experimented with various additional features, and expressed further plans for ambitious growth.