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International Business

  • Sherwin-Williams shines in Q3

    Cleveland, Ohio –- The Sherwin-Williams Company had a strong third quarter of fiscal 2014, with net income growing 24% to $326.24 million from $262.97 million in the same period a year earlier. Net sales climbed 10% to $3.15 billion from $2.85 billion.  

  • Tria Beauty taps new president and CEO

    Tria Beauty, a maker of at-home beauty devices, has named Peter Wyles as the company's president and CEO.

    Prior to joining Tria Beauty, Wyles served as president and CEO of several companies, including ReVENT Medical and Ventus Medical. Wyles spent 15 years at Bayer HealthCare, where he held executive roles in the consumer, pharmaceutical and medical device businesses both in the United States and internationally.

  • Macy’s and Bloomingdale's stores to open in Abu Dhabi in 2018

    Cincinnati -- Macy’s and Bloomingdale’s stores plan to open in Abu Dhabi, United Arab Emirates (UAE) in 2018 as part of a strategic partnership with Al Tayer Group LLC, a UAE-based company with diversified businesses. This will be Macy’s first international store location and the second for Bloomingdale’s.   

  • Report: Japan’s Softbank to invest $10 billion in Indian e-commerce

    Minato, Japan –- Japanese telecom/technology investment firm Softbank is reportedly planning to invest $10 billion in Indian e-commerce players during the next 10 years.   According to TheStreet.com, Softbank’s investments will include $627 million into Indian e-commerce platform Snapdeal.  

  • Alibaba, Apple may partner on payment

    Beijing, China –- Alibaba Group Holding Ltd. and Apple Inc. are reportedly considering partnering on digital payment. According to the Wall street Journal, Alibaba executive chairman Jack Ma and Apple CEO Tim Cook have both made separate public statements about partnering, with Ma more specifically citing digital payment, and plan to meet on the matter.  

  • Report: Luxottica owner says return as CEO temporary

    Milan, Italy –- Leonardo Del Vecchio, 79, the chairman and founder of global eyewear manufacturer/retailer Luxottica Group who assumed the role of interim CEO on Oct. 14, has reportedly sent a letter to employees reassuring them his return as CEO is temporary. According to Reuters, in the letter, Del Vecchio said he would step down and turn management over to new co-CEOs once the company’s new governance structure is consolidated.  

  • Woolrich John Rich & Bros. continues global store expansion with Tokyo flagship

    New York -- Woolrich John Rich & Bros. announced the opening of its first Tokyo flagship, in the fashionable Omotesando neighborhood. Following the opening of the brand’s first U.S. flagship this September, Woolrich John Rich & Bros. continues its global expansion plan with the new addition in Japan.  

  • Digital Social Retail launches convergence platform for retail

    Paris, France -- Digital Social Retail, a division of digital marketing agency Holosfind, is launching a digital convergence platform for the retail industry, integrating innovative technology and centralized management, for real-time streaming of audio and video content and personalized geolocation messaging. After 18 months of development and the signing of a joint venture for the acquisition of technology with the Israeli company Media TV, Digital Social Retail has introduced the Social Retail convergence platform.
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