The CEO of luxury conglomerate LVMH reportedly dismissed money laundering allegations against him. The Paris prosecutor’s office said it is undertaking a preliminary investigation into financial transactions between Bernard Arnault and Russian oligarch Nikolai Sarkisov, CNBC reported Monday (Oct. 2). The transactions — involving the...
Kellanova — the company once known as Kellogg — said the spin-off of its cereal business is official. The company announced Monday (Oct. 2) that it had completed the separation, with WK Kellogg Co. now trading on the New York Stock Exchange, allowing Kellanova to focus...
With consumers having grown accustomed to more premium at-home alcoholic beverage options during the pandemic, cocktail brand Bols is seeing the ready-to-drink (RTD) cocktail category only continuing to grow. In an interview with PYMNTS, Gilles Bensabeur, marketing director at The Lucas Bols Company, noted that the major...
Figure out your DNA — that’s the secret to sales when landing on the shelves of retail spaces like Sephora and Ulta Beauty, according to Priyanka Ganjoo, the founder of D2C beauty brand Kulfi. In fact, it’s an important way to avoid getting dropped from such...
The intersection of technology, social dynamics and economic factors has created an environment where theft — both individual and organized — has proliferated. And H&M is the most recent victim to grapple with the mounting challenges of widespread retail theft in the United States. As...
Toys R Us is set to undergo a major expansion. Its parent company, WHP Global, has announced a partnership with Go! Retail Group to roll out Toys R Us flagship stores nationwide in the U.S. starting in 2024, the companies said in a Friday (Sept. 29) press release. Additionally, WHP...
With consumers already loyal to third-party aggregators, grocers are increasingly finding that they need to get on board if they want to reach their customers. In an interview with PYMNTS, Tamara Pattison, senior vice president and chief digital officer at The Save Mart Companies, which...
Back in May, PYMNTS reported that Foot Locker was planning to utilize concept stores as experimental venues for exploring localization efforts aimed at establishing stronger customer connections. Today, StockX, the resale marketplace renowned for its substantial online sales of sneakers, apparel and collectibles, is taking...
The Sunday (Sept. 24) outing of Taylor Swift to watch Kansas City Chiefs’ standout Travis Kelce on the football field wasn’t just a topic of constant conversation on the internet. It’s even made its way to Nike’s latest earnings call Thursday (Sept. 28). During the...
