Retail & Consumer
- Walmart pumps $200 million in Indian fintech PhonePe in ongoing fundraiseWorld ·
March 18, 2023 Indian digital payments firm PhonePe said on Friday it has raised $200 million from majority backer Walmart Inc at a pre-money valuation of $12 billion.
- Retail & ConsumerAmericanas' ex-chief testifies before watchdog after accounting scandal -source
The former chief executive of scandal-hit Brazilian retailer Americanas SA testified on Thursday at the country's securities watchdog, a source familiar with the matter said, as authorities probe accounting inconsistencies.
- Retail & ConsumerPortugal's Sonae profit buoyed by one-off gains despite retail margin squeeze
Sonae , owner of Portugal's largest food retailer, on Thursday reported a 21% jump in fourth-quarter net profit as one-off capital gains more than offset the impact of high inflation and energy costs on its supermarkets business.