International Business

Starbucks targets China for technology investments
A coffee giant plans to substantially increase its investment in retail technology in its second-largest growth market.
Gordon Brothers acquires Laura Ashley out of administration
Laura Ashley, the British lifestyle brand once beloved for its floral print fashions, fragrances and housewares, has been acquired by a U.S.-based advisory, restructuring, and investment firm.

Casper shutting down European ops, cutting staff; CFO/COO leaving

Casper Sleep Inc. announced more cost reductions amid the COVID-19 pandemic including a workforce restructuring and a wind-down of its European operations.
Mod Pizza taps Starbucks vet to head finance
eBay taps Walmart digital exec to lead company
Lidl’s growing U.S. supply chain network lays groundwork for store expansion

The German discount grocer Lidl is building a supply chain infrastructure that points to future expansion.
Parent of Coach, Kate Spade to review store closings bi-weekly; gives China update

Tapestry will extend its store closures in North America and Europe by two weeks, through April 24, and will continue to pay employees through that time.
McDonald’s cutting about $1 billion in spending

McDonald’s is slashing spending and has withdrawn its 2020 outlook and long-term forecast amid the uncertainty due to the COVID-19 pandemic and its impact on the economy.
Starbucks makes $10 million commitment to new employee relief initiative

Starbucks Corp. is expanding its efforts to help its employees around the world affected by the COVID-19 crisis.
Walmart’s annual shareholder meeting going virtual — but without the party

The huge, celebrity-studded celebration for Walmart employees that precedes its annual shareholder meeting has been canceled.
Walmart reportedly puts efforts to sell Asda on hold

Walmart’s ongoing efforts to sell a majority stake in its U.K. supermarket chain ASDA may have been put on the back burner for the time being.
Lidl’s U.S. expansion continues with opening of new distribution center

Lidl has opened a regional distribution center to support its growing U.S. footprint.

Starbucks targets China for technology investments

Gordon Brothers acquires Laura Ashley out of administration

Casper shutting down European ops, cutting staff; CFO/COO leaving

Mod Pizza taps Starbucks vet to head finance

eBay taps Walmart digital exec to lead company

Lidl’s growing U.S. supply chain network lays groundwork for store expansion

Parent of Coach, Kate Spade to review store closings bi-weekly; gives China update

McDonald’s cutting about $1 billion in spending

Starbucks makes $10 million commitment to new employee relief initiative

Walmart’s annual shareholder meeting going virtual — but without the party

Walmart reportedly puts efforts to sell Asda on hold

Lidl’s U.S. expansion continues with opening of new distribution center