There will be more store closures in UK this summer with news that Dutch variety retailer Hema will exit its six physical locations. It adds to the massive total of physical shops that have shut in Britain.
Alibaba is emerging as one of China's biggest corporate winners of the coronavirus crisis, gaining the opportunity to expand its businesses and solidify itself as a critical part of the country's socio-economic engine.
There may be a certain amount of scepticism around big company commitment to sustainability, but the Better Cotton Initiative (BCI) said its members sourced more than 1m metric tonnes of Better Cotton in 2018.
After 11 years, the Netherlands’ Hema is officially Dutch-owned again. On November 30, Hema and its new owner Ramphastos Investments announced the completion of the acquisition from the British firm Lion Capital.