Alsea signs an agreement with Chipotle to open locations in Mexico
Mexican firm Alsea said Monday it signed an agreement with U.S.-based Chipotle Mexican Grill to open restaurants in Mexico and...
Industry
Shein and Temu will boost prices under pressure from Trump’s trade restrictions
Temu, a Chinese online marketplace, and Shein, a fast-fashion retailer, will hike their prices next week as President Trump's crackdown...
Prada buys Versace for roughly $1.4 billion after Trump’s tariffs almost ruined the acquisition
Luxury fashion firm Prada Group has reached an agreement with Capri Holdings to acquire designer label Versace for $1.38 billion,...
Amazon’s CEO expects that retailers will pass the expense of tariffs on to customers
Amazon's chief executive officer (CEO) Andy Jassy suggested Thursday that third-party sellers will pass on the cost of tariffs to...
Apparel retailers delay orders, freeze hiring as tariffs take effect
U.S. clothes and accessories shops are delaying orders and suspending employment in response to tariff increases on products imported from...
Lululemon falls owing to tariff uncertainties and lackluster demand
Lululemon shares fell 13% Friday after the sportswear maker gave pessimistic annual forecasts at a time when the broader apparel...
Olegario Vázquez Raña, the founder and president of Grupo Empresarial Ángeles, died
Mexican businessman Olegario Vázquez Raña, founder and president of Grupo Empresarial Ángeles (GEA), died on March 28 at the age...
Walmart and Sheinbaum jointly announced a $6 billion investment in Mexico by 2025
Walmart announced Thursday a $6 billion investment in Mexico by 2025, where it will create new distribution centers, expand the...
BP is considering selling its share in two Gulf of Mexico projects
BP is weighing the sale of minority stakes in two Gulf of Mexico projects, each of which is worth an...
Bloomberg News reports that PepsiCo is negotiating a takeover of Poppi at over $1.5 billion
Bloomberg News reported that PepsiCo is in advanced talks to buy healthy soda brand Poppi for more than $1.5 billion,...
