Cosmetics retailer L’Occitane International plans to raise up to USD708 million in a Hong Kong initial public offering, a source close to the deal said on 18 April.
The company, which manufactur…
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L’Occitane eyes USD708m HK IPO
Australian coffee giant embroiled in bitter battle over beans
Australian coffee giant Gloria Jean’s is facing a multimillion-dollar lawsuit that threatens to lift the lid on one of the most secretive companies in Australia.
Gloria Jean’s parent compa…
Economic fallout from travel chaos
Europe on 18 April ordered a probe into billions of euros potentially lost since an Icelandic volcano erupted, prompting the biggest airspace shutdown since World War II.
Millions of travellers remain…
Greenpeace roars: Nestle, give orangutans a break
Greenpeace campaigners abseiled into Nestle’s annual shareholders meeting last Thursday to urge the food giant to stop using palm oil harvested from rainforest destruction.
The environmental gro…
Indian automaker Mahindra bets big on the US
Mahindra & Mahindra believes its global vehicle volume sales could contribute to 20 percent of total business by 2012. This marks a near three-fold jump from current levels, said Pravin Shah, chie…
Incoming chief of Japan’s Daiei supermarket chain sees return to profits
Struggling Japanese supermarket chain Daiei Inc. will aim to return to the black in the 2012 financial year by reviewing its store structure and expanding sales of private brand products, its incoming…
Reliance buys into Indian cargo carrier to bolster logistics for its retail chain
Mukesh Ambani-led Reliance Industries (RIL) on Friday said it has stepped into aviation space as a "strategic investor" by picking up an over 26 percent stake in Captain GS Gopinath-founded …
Two Indian drug companies feature in US top ten
In a first, two Indian drug firms, Lupin Ltd and Dr Reddy’s Ltd, have made it to the list of top 10 generic drug companies in the fiercely competitive US market, placed eighth and tenth, respect…
Microsoft to probe conditions in China
Microsoft Corp. said it is investigating allegations of worker abuse at a factory in China that makes computer mice, cameras and other devices for the technology giant.
The move was prompted by a repo…
Most Europe airports remain closed
Air traffic remained seriously disrupted across Europe Sunday as a cloud of ash released from Iceland’s volcanic eruption forced many countries to close their airspace.
Following is a list of ai…