U.S. credit card processing company Vantiv secured a deal to buy British-based rival Worldpay for 8 billion pounds ($10.4 billion) on Wednesday in a bid to create a $29 billion global payments powerhouse.
Ralph Lauren Corp reported better-than-expected quarterly results and said it would pull back more inventory from department stores as it tries to keep a tight leash on discounting under its new Chief Executive.
Britain's second-biggest supermarket chain, Sainsbury's, is considering cutting 1,000 head office jobs as part of a drive to save 500 million pounds ($652 million) in costs, the Sunday Telegraph newspaper reported.
Italian luxury group Tod's said on Thursday it was ready to make short-term sacrifices in margins and revenues in pursuit of medium-term growth as it turns away from fashion to focus on higher-end products.
U.S. cosmetics maker Avon Products Inc, under pressure from activist investor Barington Capital, said CEO Sheri McCoy will step down next year, sending the company's shares sliding 9 percent in premarket trading.
French luxury goods group Kering has dropped a lawsuit filed in New York against Alibaba and Alipay and agreed instead to co-operate with them to safeguard intellectual property rights and fight counterfeiting.