AGP Executive Report
Last update: 11 hours agoRetail Pressure: Emaar founder Mohamed Alabbar says Dubai mall traffic and retail sales are down about 10% as the Iran war dents tourism and spending; hotel occupancy has fallen from 80% to 65%. Asia-Pacific Expansion: M&S fashion has launched on Zalora in Southeast Asia, with Australia and New Zealand to follow in 2027 through Global Fashion Group’s regional fulfilment network. European Electronics: JD.com has closed its $2.5 billion acquisition of Ceconomy, aiming to build Europe’s leading online electronics platform using MediaMarkt and Saturn stores for faster delivery and pickup. Food Value: Loblaw and Too Good To Go are offering bags of surplus ready-to-eat groceries, worth about $24, from $11.99 at participating Canadian stores. Store Growth: Waitrose has opened a 15,000-square-foot supermarket in Greater Manchester, part of its £1 billion investment plan. Product Safety: South Africa’s consumer watchdog says 738 Volvo EX30 vehicles are being recalled over a potential front-seat head-cushion injury risk. Brand Growth: Edinburgh-based Ooni has secured an expanded £10 million HSBC credit facility to support its international growth.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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