British American Tobacco shares dropped to a 12-year low after the company announced a $31.5 billion write-down for some of its brands.
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Consumer tech is getting up close and personal this holiday season.
McDonald’s bought out the 28% stake of its Chinese business owned by private equity giant Carlyle Group, just as it plans an expansion there.
How AI is impacting the world of e-commerce and digital advertising, and what it means for user privacy.
Nestlé is investing $100 million into Wonder Group, Marc Lore’s food-truck-turned-regular food delivery startup.
From cosmetics to apparel to tech, Western brands are seeing revenues dip in China as consumers navigate a struggling post-pandemic economy.
Shares of Starbucks jumped more than 9% Thursday after the company posted better-than-expected Q4 earnings.
On Thursday, Ikea announced that cooling inflation means it can finally return to its customer-friendly ways.
Amazon’s October Prime sales event wrapped up Tuesday, and this year saw a massive shift in consumer behavior.
Macy’s is going less colosseum and more cozy in a cost-cutting shift away from large locations in malls and into small-format stores.
McDonald’s has had a tenuous relationship with its franchise operators as of late. A new round of royalty fee hikes isn’t likely to help.