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International Business

  • Fridays on hunt for new CEO

    Carrollton, Texas -- TGI Fridays is looking for a new chief executive.

    The company announced that Nick Shepherd recently informed the Fridays’ board of his decision to step down as president and CEO, citing that he believes the time is right to pass the torch to a new leader to steer the 50-year-old brand through its next chapter of growth.

    Shepherd will continue to actively lead the business through mid-October, and will be working closely with Fridays chairman of the board, John Antioco.

  • Jones New York has been saved, sort of

    After announcing in January that it would close all of its 127 retail locations, Jones New York is back -- at least in the Great White North.

  • ICSC urges Aug. 15-16 sales tax holiday in Massachusetts

    Boston – Massachusetts will have a tax holiday the weekend of Aug. 15-16, if the International Council of Shopping Centers (ICSC) has anything to say about it. The ICSC has sent a letter to Massachusetts Gov. Charlie Baker asking him to sign the sales tax holiday legislation currently on his desk.

  • Procter & Gamble names new CEO

    Procter & Gamble Co. has named a successor to the man who led the company's recent transformation.

  • 7-Eleven to open in Vietnam

    Dallas - 7-Eleven Inc. is taking its business to Vietnam.

    The company has signed a master franchise agreement with Seven System Vietnam Co. Ltd. to develop and operate 7-Eleven stores in Vietnam, with the first stores expected to open in 2017. Seven Systems plans to construct 7-Eleven stores, convert existing locations to the 7-Eleven brand supported by enhanced infrastructure, and eventually franchise operations to local businesspeople.

  • H&M expanding higher-end store banner in the U.S.

    London -- Fast-fashion giant H&M doesn’t let any grass grow under its feet.

    H&M is expanding its higher-end, minimalist-styled brand, COS (short for Collection of Style). The retailer plans to open four stores in the United States in 2015, starting this fall, with two new markets on tap. COS is also expanding into Canada, with stores set to open in both Montreal and Toronto later this year.

  • TJX is looking to expand its overseas business

    TJX has been on a growth and revenue spree of late, and now the off-price retailer is apparently looking to expand down under.

  • Alibaba stakes cloud claim

    Hangzhou, China – A week after unveiling a cloud protection plan and releasing more than 60 new cloud products and solutions through its cloud computing subsidiary Aliyun, Alibaba is not standing still.

    The Chinese Internet giant is firmly staking a claim in the cloud with the planned investment of an additional $1 billion to fuel further growth at Aliyun.

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