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Estee Lauder cuts forecasts on China curbs, tightening inventories
China lockdowns also caused a 6 per cent fall in Estee's makeup segment that had seen a brief recovery from a pandemic-i...
Walmart to raise up to US$3 billion to expand Flipkart
Last year, Flipkart raised $3.6 billion in a funding round, giving it a valuation of $37.6 billion.
Gap eliminates 500 corporate jobs amid shrinking margins
The company is laying off staff and eliminating positions that are currently open across a range of departments.
Instagram to scale back shopping features amid commerce retreat
Meta Platforms Inc's Instagram is planning to drastically scale back its shopping features as it shifts the focus of its...
Grocery delivery app Instacart founder Mehta to step down as chairman
Mehta said in a Twitter post that stepping down from the company's board would allow him to pursue other opportunities.
Costco buys remaining stake in Taiwan joint venture for US$1.05 billion
The deal is expected to add to the company's earnings per share by 1 per cent to 1-1/2 per cent.
Vans owner slips as production delays, China curbs hit sales forecast
VF Corp said the fast-spreading Omicron variant of the coronavirus was also impacting its sales across the world.
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