Shoppers Stop Ltd., India’s oldest department chain store, has been under pressure to scale up its online sales.
The Alibaba investment has proven a boon to Silver Lake, which along with its affiliates injected $825 million into the e-commerce operator.
Sales emphasized the discrepancy between improving markets and plight of the consumer as the economy enters its first recession in years.
In new ads, models pose in Lane Bryant’s lingerie line Cacique, championing a push against body-shaming with the hashtag #ImNoAngel.
Gerard Darel may be valued at about 150 million euros ($161 million) in the sale, which may start as soon as next month.
Tony Bates and Gail McGovern were appointed to the online marketplace’s board.
It appears household are opting to save the extra cash they're getting at the gas tank rather than spend it on goods and services.