E-commerce giant Alibaba is set to expand its cloud unit on the back of two new alliances. In Europe, a bidding war has erupted for French chain Darty. And in the USA, Walmart seems to be following Germany's Metro by reducing its board in an effort to increase its ability to respond to market changes. Have a great day, and don’t forget to share.
asia & australasia
Siam Makro spends This year, the Thailand-based cash-and-carry wholesaler will invest up to US$ 258 million in order to expand at home and in other countries, possibly Cambodia, Laos and Vietnam.
Sears closes more stores In an effort to cut costs and redesign its business model, the retailer will shut down 78 stores (about 5% of its network) over the coming months.