Steinhoff International Holdings NV is seeking more than 850 million rand ($59 million) from former Chief Executive Officer Markus Jooste for his role in the accounting crisis that triggered the retailer’s near-collapse. The owner of Conforama in France and …
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Amazon poses a major threat to PetSmart-owned Chewy in the online pet-food space, according to a report by Wedbush Securities. Amazon’s size and large balance sheet have enabled it to offer steeper discounts on first-time orders, Wedbush found by …
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Saudi Arabia removed a cap on ownership of publicly traded companies for foreign strategic investors, paving the way for international investors to take controlling stakes in sectors from banking to petrochemicals. The Riyadh-based Capital Market Authority …
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Wall Street bounced back on Wednesday morning, posting modest gains as investors started to feel more hopeful about the prospects for a favorable trade deal going into the weekend’s G-20 meeting. Treasury Secretary Steve Mnuchin gave an upbeat …
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BMW has spent the last few years steadily working toward an electric motorcycle, and this week, it showed off a revamped vision of what that bike might ultimately look like. As part of a suite of announcements tied to the company’s new push to accelerate its …
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