Emirates Logistics is expanding its services into Kenya with the construction of a state-of-the-art facility at Tatu City Special Economic Zone (SEZ), located 30 minutes from Nairobi, that will support the growth of the company’s clients across Sub-Saharan Africa.

Construction is set to begin this year and will join Emirates Logistics’ global network of owned warehousing, offices and transportation fleets spanning 15 countries in the Middle East, Africa and Asia.

“We are proud to strengthen our presence in Kenya with our expansion to Tatu City, reinforcing Emirates Logistics’ global footprint of comprehensive logistics capabilities,” said Steven van der Vliet, chief commercial officer, Emirates Logistics. “This new strategic facility is part of our broader commitment to offering world-class infrastructure in key growth markets.

“Being located at the heart of Kenya’s economic engine allows us to deliver flexible, seamless and tailor-made logistics solutions that empower both our existing and new customers to thrive.”

Tatu City is a 5,000-acre new city with homes, schools, offices, a shopping district, medical clinics, nature areas, a sport and entertainment complex and manufacturing area for more than 250,000 residents and tens of thousands of day visitors. Tatu City is Kenya’s first operational Special Economic Zone, providing reduced corporate taxes, zero-rated VAT and import duty exemptions, among other benefits.

Author Credits- HAZEL KING
Parcel and postal technology INTERNATIONAL

Procter & Gamble announced on Monday the appointment of Craig Arnold to its board of directors, effective June 9.

A former chairman and chief executive officer of Eaton Corporation, Arnold led the company from 2016 to May 2025, incorporating renewable energy solutions and digital technologies into Eaton’s portfolio, as well as driving significant revenue and margin expansion.

Prior to being CEO, he served as the company’s president and chief operating officer, overseeing strategy and operation, and from 2009 to 2015, he served as vice chairman and chief operating officer of Eaton’s Industrial Sector.

Arnold began his career at General Electric, where he held roles across the appliances, plastics and lighting businesses, and in territories such as Asia, Europe, the Middle East and North America.

In addition to P&G, ​Arnold currently serves as the lead independent board director for Medtronic, and is on the board of the United Way of Greater Cleveland and the Salvation Army of Greater Cleveland.

“Craig’s depth of global experience, expertise managing diversified portfolios, and proven track record in innovation management and operational excellence will contribute valuable perspective to our efforts to better serve consumers and customers and grow markets,” said Jon Moeller, P&G’s chairman of the board, president, and chief executive officer.

​Earlier this mont, the U.S. consumer goods giant said it plans to cut 7,000 jobs over the next two years, as it battles an uncertain spending environment, hurt in part by U.S. tariffs.

The company said it also plans to exit some product categories and brands in certain markets, including some potential divestitures, as part of the broader two-year restructuring plan.

Author Credits- Benjamin Fitzgerald
FASHION NETWORK

PARIS/LONDON  – L’Oreal (OREP.PA), has agreed to acquire a majority stake in British skincare brand Medik8, boosting the French cosmetics giant’s position in the fast-growing dermatological skincare market.

Neither L’Oreal nor UK-based private equity firm Inflexion, which is selling the stake, disclosed the terms of the deal in separate statements on Monday.

A person with knowledge of the situation said the deal puts Medik8’s enterprise value at around 1 billion euros.

“This acquisition further strengthens L’Oreal’s luxe portfolio, adding a premium science-backed skincare brand with a proven track record of success, with strong potential for global growth,” L’Oreal said in its statement.

Sales growth at L’Oreal’s luxury division, its second largest which houses MiuMiu perfume, Lancome skincare and Aesop cleansers, slowed to 2.7% last year as higher inflation prompted shoppers to opt for less expensive brands.

That was the lowest growth of all of L’Oreal’s segments, but outpaced the beauty division of luxury rival LVMH.

Inflexion will retain a minority shareholding in Medik8, which focuses on vitamin A-based anti-ageing creams and serums, although L’Oreal has secured rights to buy out minority shareholders in full.

News Credits- Reuters

BRISBANE — Teys Investments Pty Ltd and Cargill announced that a wholly owned subsidiary of Cargill has agreed to purchase all of the issued share capital of Teys Investments from the Teys family shareholders. As a result, Cargill will increase its ownership stake to 100% of Teys Australia and Teys USA (Teys), two of the primary operating companies which are currently jointly owned by Teys and Cargill.

With a diversified family shareholder base, the Teys family has decided it is the appropriate time to transfer the family’s interest to Cargill, a partner shareholder for the past 14 years and global leader in the food and protein industries.

The transfer of ownership provides continuity for Teys’ people, partners and producers, and will ensure that it continues to serve as a leading provider of healthy, high-quality Australian beef products and a buyer of Australian livestock destined for local and international customers.

“My grandfather started this business more than 75 years ago with his brothers, and the family values of integrity, quality and honesty have stayed constant as we’ve evolved into the global food brand we are today,” said Teys Executive Chairman Brad Teys.

“The Teys family is immensely proud to have grown our business into a premier provider of beef to our customers and Australian families. Cargill has been instrumental in our transformation into a world-class food company. We are confident they are the best owner to grow the business into the future.”

“As family-owned businesses, both Cargill and Teys share the same commitment to nourishing Australia and the rest of the world in a safe, responsible and sustainable way,” said Jon Nash, Executive Vice President and Leader of Cargill’s Food Enterprise.

“We are grateful to the Teys family for this opportunity to continue working alongside Australian livestock producers, who are pivotal to the agricultural supply chain, and to assure the delivery of high-quality and nutritious beef to family dinner tables across the country and globe.”

Completion of the change of ownership is subject to certain customary conditions precedent, including applicable regulatory approvals, and is expected to complete in the second half of 2025.

Cargill will name a new CEO of Teys in due course and work closely with Brad Teys to ensure a seamless transition.

About Cargill

Cargill is committed to providing food, ingredients, agricultural solutions, and industrial products to nourish the world in a safe, responsible, and sustainable way. Sitting at the heart of the supply chain, we partner with farmers and customers to source, make and deliver products that are vital for living.

Our approximately 160,000 employees innovate with purpose, providing customers with life’s essentials so businesses can grow, communities prosper, and consumers live well. With 160 years of experience as a family company, we look ahead while remaining true to our values. We put people first. We reach higher. We do the right thing—today and for generations to come.

About Teys
Since 1946, Teys has been delivering the best Aussie beef to our customers in Australia and around the world. Today, we offer a wide range of fresh beef, multi protein and value added product solutions for retail, foodservice or manufacturing. For more information, visit Au.teysgroup.com.

News Credits- Perishable News.com

Fashion retailer Shein and partner Reliance Retail plan to rapidly expand their Indian supplier base and start international sales of India-made Shein-branded clothes within six to 12 months, said two people with knowledge of the matter.

The China-founded, Singapore-headquartered Shein has been discussing plans with the Indian retailer since before the U.S. imposed tariffs on Chinese imports that intensified the need to diversify sourcing, the people said. The aim is to raise Indian suppliers to 1,000 from 150 within a year, they said.

In a statement to Reuters, Shein said its partnership with Reliance was limited to the licensing of its brand to Reliance Retail for Indian domestic consumption only. Reliance did not respond to queries.

Shein sells low-priced apparel such as $5 dresses and $10 jeans shipped directly from 7,000 suppliers in China to customers in around 150 countries. Its biggest market is the U.S. where it is adjusting to tariffs on low-value e-commerce packages from China which could previously be imported duty free.

The retailer launched in India in 2018 but its app was banned in 2020 as part of government action against China-linked firms amid border tension with its northeastern neighbour.

It returned in February under a licensing deal with the Reliance Industries unit which launched SheinIndia.in selling Shein-branded clothes produced in local factories. In contrast, Shein’s other websites mainly list goods from China.

Reliance, controlled by Asia’s richest person, Mukesh Ambani, has contracted 150 garment manufacturers and is in discussion with 400 more, said the two people, declining to be identified due to confidentiality concerns.

The goal is 1,000 Indian factories making Shein-branded clothes within a year for both the Indian market and to service some of Shein’s global websites, the people said.

Shein initially wants to list India-made clothes on its U.S. and British websites, one of the people said. Discussions have been ongoing for months and the launch time of six to 12 months could change depending on supplier numbers, the person said.

The scale of supplier expansion and export time frame is being reported for the first time.

Shein has licensed its brand for domestic use to Reliance which “is responsible for manufacturing, supply chain, sales and operations in the Indian market alone,” Shein said in a statement.

In December, Minister of Commerce and Industry Piyush Goyal told parliament that the Shein-Reliance partnership aimed to create a network of Indian suppliers of Shein-branded clothes for sale “domestically and globally”.

ON-DEMAND MANUFACTURING

Shein is a fast-fashion behemoth earning annual revenue of more than $30 billion through low prices and aggressive marketing. Most of its products are from China with some made in countries such as Turkey and Brazil.

Its expansion in India mirrors interest in the country from the likes of Walmart and others throughout the global fashion and retail industries, particularly those looking for suppliers outside China due to the U.S.-China trade war.

The Shein India app has been downloaded 2.7 million times across Apple and Google Play stores, averaging 120% on-month growth since its launch, data from market intelligence firm Sensor Tower showed.

Offerings during its first four months have reached 12,000 designs, a fraction of the 600,000 products on Shein’s U.S. site. In the women’s dresses category, its cheapest item was priced at 349 Indian rupees ($4) compared to $3.39 on the U.S. site as of June 9.

Shein’s Indian partner Reliance, which operates the app, is working with suppliers to assess whether they can replicate Shein’s global best-sellers at lower cost, the two people said.

Reliance aims to emulate Shein’s on-demand manufacturing model, asking suppliers to make as few as 100 pieces per design before increasing production of those that sell well, they said.

Executives from Reliance recently visited China to understand Shein’s “innovative” supply chain operations, “data driven” design processes and “disruptive” digital marketing, Manish Aziz, assistant vice president Shein India at Reliance Retail, said in a LinkedIn post in which he called Shein’s scale and speed “truly incredible”.

The partnership is one of dozens Reliance has with fashion brands, such as Brooks Brothers and Marks and Spencer. The firm also runs e-commerce site Ajio and its retail network competes with Amazon and Walmart’s Flipkart as well as value retailers such as Tata’s Zudio.

Reliance plans to work with new suppliers to source fabric – especially fabric made using synthetic fibres where India lacks expertise – and import required machinery, the people said. The firm will invest in suppliers and help them grow which in turn will help the Shein-Reliance partnership go global, they said.

Author Credits- Dhwani Pandya
ZAWYA BY LSEG

US retailer Walmart has extended its drone delivery service with Wing, in what the companies are calling the “world’s largest drone delivery expansion ever”.

From next year, Walmart customers will be able to access drone delivery services at an additional 100 stores across several major US metros, including Atlanta, Charlotte, Houston, Orlando and Tampa. The service will also be expanded to additional stores in Dallas-Fort Worth (DFW), where Wing and Walmart already serve customers from 18 Supercenters.

“The popularity of drone delivery in DFW is a testament not just to its convenience, but to the way this technology quickly becomes a part of everyday life,” commented Wing CEO Adam Woodworth. “Walmart has been a strong partner that shares our commitment to innovation and is equally eager to bring this new type of service to many more households.”

According to Walmart, it already has the largest drone delivery footprint of any US retailer. Greg Cathey, SVP, Walmart US transformation and innovation, confirmed, “As we look ahead, drone delivery will remain a key part of our commitment to redefining retail. We’re pushing the boundaries of convenience to better serve our customers, making shopping faster and easier than ever before.

“This expansion of our drone delivery service marks a significant milestone in that journey. As the first retailer to scale drone delivery, Walmart is once again demonstrating its commitment to leveraging technology to enhance our delivery offerings with a focus on speed.”

This expansion comes 18 months after Wing and Walmart launched their first location together in the autumn of 2023. Since then, they’ve expanded around the Dallas-Fort Worth area, covering a population area of nearly two million people.

Wing and Walmart are completing thousands of weekly deliveries, with an average fulfillment time of less than 19 minutes.

“This is real drone delivery at scale,” Woodworth said. “People all around the Dallas-Fort Worth Metroplex have made drone delivery part of their normal shopping habits over the past year. Now we’re excited to share this ultra-fast delivery experience with millions more people across many more US cities.”

Author Credits- HAZEL KING
Parcel and postal technology INTERNATIONAL

Coles is beefing up one particular section of its supermarket empire to take on rivals that aren’t Woolworths or Aldi. Chemist Warehouse, Bunnings and Amazon have been soaking up the health, beauty and household categories while the grocery giants fight it out on food and other essentials.

Coles lost an estimated $400 million to these other rivals in this sector, and it is making some changes to get a bigger piece of that pie. Leanne White has been appointed the supermarket’s new general manager for health and home, and she revealed Coles’ recent “step change”.

“We have all been working with a real supermarket lens on how to execute our offer and potentially have not lifted our eyes enough on the broader market set,” she said.

“We have also lost sight of the importance of health and home. The reality is we have stood still … we really, really need to lift our eyes.”

The health, beauty and household category is a large sector to tackle.

It includes items like makeup, supplements, cleaning products, and everything in between.

Bunnings and even The Reject Shop became unlikely sellers of household goods like laundry detergent and dishwashing liquid, with their prices often decently lower than Coles and Woolworths.

Meanwhile, there has been no shortage of articles raving about beauty items that have been selling out left, right, and centre at Chemist Warehouse, which has massively expanded its beauty and fragrance ranges.

Author Credits- Stewart Perrie
yahoo!Finance

Raju Vuppalapati, Chief Executive Officer of Country Road Group (CRG), has announced he will step down from his role at the end of August 2025 to pursue personal interests, concluding a four-year tenure marked by both transformation and turbulence at the prominent Australian fashion retailer.

Vuppalapati, who joined CRG in 2021, oversaw the management and repositioning of the group’s brands—including Country Road, Witchery, Trenery, Mimco and Politix—as well as the group’s return to department store Myer.

Reflecting on his departure, he described the role as an “honour and a privilege.”

“It has been a privilege to lead our passionate team and iconic brands,” he said in a statement.

“I know that I am leaving Country Road Group well-positioned to pursue its next chapter with compelling strategies, a strengthened culture and a clear pathway to reignite profitable growth.”

His resignation comes during a period of ongoing leadership changes at CRG. In recent years, several senior brand and group executives have exited the business. These changes have occurred in the context of a challenging retail environment and internal restructuring aimed at revitalising the group’s performance.

It is reported that while the company did not comment directly on reports of internal tensions, it acknowledged that maintaining strong workplace culture had been a priority.

Woolworths Holdings, the South Africa-based parent company of CRG, expressed its appreciation for Vuppalapati’s contributions. Chief Executive Roy Bagattini credited him with spearheading a major transformation that has reshaped the business for future growth.

“The business transformation has been one of the most pivotal strategic initiatives undertaken by the group,” said Bagattini.

“Raju leaves the company in a foundationally much stronger position.”

The group reported a 6.2 per cent decline in sales in the first half of the 2024–25 financial year, while profit margins have been impacted by broader economic and operational headwinds. In 2024, he described the conditions as a “perfect storm” facing the retail sector.

Founded in 1974, Country Road is a mainstay of the Australian fashion scene, known for its modern, minimalist aesthetic. The company has yet to announce his successor, although recruitment for a new CEO is understood to be underway. In the meantime, CRG will continue to implement its strategic roadmap and focus on stabilising performance across its brand portfolio.

News Credits- The Australia Today

Flipkart, last valued at $37 billion in 2024 when it raised $1 billion in a funding round led by Walmart, is shifting its holding company from Singapore to India. Walmart also aims to take the 17-year-old company public.

Flipkart has received a lending licence from the Reserve Bank of India (RBI), the Walmart-backed ecommerce company confirmed on Thursday. The nod came in March this year. The move could pave the way for Flipkart to offer loans directly to customers, sources said noting the specific instances in which the customers at times choose the EMI model or instalment mode to pay for products they choose.

This is the first time the RBI has granted a large e-commerce player in India a non-bank finance company (NBFC) licence, allowing it to lend but not take deposits. Most e-commerce platforms currently offer loans in tie-ups with banks and NBFCs, but a lending licence will enable Flipkart – India’s largest e-commerce firm – to lend directly, a more lucrative model for the group.

Walmart currently holds over 80 per cent stake in Flipkart. It had bought a majority stake in the ecommerce platform back in 2018. In April this year, IPO-bound Flipkart had shared its intention to relocate its holding company from Singapore to India, a strategic decision that the homegrown e-commerce firm said reflects “deep and unwavering commitment to India and its remarkable growth”.

“We are inspired by the Government of India’s strong vision and proactive initiatives in fostering a thriving business environment and ease of doing business, which have significantly shaped our journey. This move represents a natural evolution, aligning our holding structure with our core operations, the vast potential of the Indian economy and our technology and innovation-driven capabilities to foster digital transformation in India,” a Flipkart spokesperson had said in April.

The central bank issued its certificate of registration – a document that officially recognizes a company as an NBFC – to Flipkart Finance Private Limited on March 13. A final decision on the launch will be subject to the completion of various internal processes such as the appointment of key management personnel and board members and the finalisation of business plans, the source said.

According to Reuters, Flipkart plans to lend directly to its customers on its popular e-commerce platform and through its fintech app super.money. It may also offer financing to sellers on the platform. At present, the e-commerce giant offers personal loans to customers through tie-ups with lenders such as Axis Bank, IDFC Bank and Credit Saison.

Flipkart, last valued at $37 billion in 2024 when it raised $1 billion in a funding round led by Walmart, is shifting its holding company from Singapore to India. Walmart also aims to take the 17-year-old company public.

Walmart bought a controlling stake in Flipkart in 2018, which also gave it ownership of PhonePe, a fintech firm also preparing for an IPO. Earlier this year Flipkart’s rival Amazon acquired a Bengaluru-based non-bank lender Axio, but the deal is yet to be cleared by the central bank.

News Credits- mint

Lululemon cut its profit forecast for the year, hurt by higher costs to mitigate U.S. tariffs and as tepid demand for its latest products failed to draw away buyers from upstart athleisure rivals such as Vuori.

Lululemon Athletica’s (LULU.O), shares slumped 22% in trading after the bell on Thursday.

“We experienced lower store traffic in the Americas, partially reflective of economic uncertainty, inflationary pressures, lower consumer confidence, and changes in discretionary spending,” Lululemon said in a statement.

U.S. President Donald Trump’s chaotic global tariffs have fanned fears that the economy is headed for stagflation, pushing even wealthier shoppers to prioritize essential purchases.

Companies are diversifying sourcing and increasing prices to mitigate any hit from tariffs, which are expected to shrink margins.

“We are planning to take strategic price increases … on a small portion of our assortment, and they will be modest in nature,” Lululemon’s finance chief Meghan Frank said.

The company will also negotiate with vendors and cut costs, Lululemon said in a filing.
In 2024, 40% of Lululemon’s products were manufactured in Vietnam, and 28% of its fabrics were sourced from mainland China.

The company now expects annual profit between $14.58 and $14.78 per share, compared with previous expectations of $14.95 to $15.15 each.

Lululemon also forecast second-quarter profit below an average estimate from LSEG. Its revenue forecast of between $2.54 billion and $2.56 billion was largely in line.

“Lululemon also hasn’t had a lot of huge hit products recently that are having some effect,” said Morningstar analyst David Swartz.

It introduced new apparel franchises for men and women — including the Glow Up activewear collection and its new lifestyle trousers Daydrift — but those have done little to boost sales.

“Lululemon has a history of beating numbers, so even when Lululemon doesn’t raise estimates, that’s considered to be kind of a disappointment,” Swartz added.

Author Credits- Ananya Mariam Rajesh
Reuters