Department Stores (TRBC)

Sports Direct offers Debenhams loan in return for more equity

(Reuters) – Sports Direct said on Wednesday it offered Debenhams an interest-free loan in return for a further 5 percent stake, just as the department store chain was on the brink of securing funds to fend off a bid from Sports Direct’s founder, Mike Ashley, to take charge of the company.

Foreign brands escape China’s glare at annual consumer day gala

BEIJING/SHANGHAI (Reuters) – China on Friday accused a raft of local firms, from snack makers to a financial tech firm applying for a U.S. listing, of fooling and harassing consumers in an annual event that for the first time in years did not name and shame any foreign or well-known local brands.

EU looks for evidence to rein in U.S. tech giants

BRUSSELS (Reuters) – U.S. tech giants such as Facebook and Amazon could face tougher rules as European Union regulators seek evidence to curb their role as gatekeepers to the internet and access to people, information and services, according to an EU tender seen by Reuters.