Sources told the Financial Times that the online platform is aiming for a valuation of €10 billion to €12 billion, which would make it Poland's largest listed company. * plans to launch an IPO on the Warsaw Stock Exchange. Net revenue decreased by 10% year over year to 280.4 million yuan. recorded a first-quarter adjusted attributable net income of 10.7 million Chinese yuan, versus a loss of 21.6 million yuan a year ago. * JD.com Inc.'s fintech division JD Digits applied to list on the Shanghai Stock Exchange in an IPO. The Chinese online retailer will buy some of Grab's stock held by Uber Technologies Inc., one of the sources reportedly said. is in discussions to invest $3 billion in Grab Holdings Inc., sources told Bloomberg News. said the company "evaluates various opportunities on an ongoing basis." Carlyle reportedly declined to comment, while a spokesperson for the Reliance Industries Ltd. is considering a $1.5 billion to $2 billion stake in Reliance Retail Ventures Ltd., marking its first investment in India's retail segment, two sources told Mint. The sale reportedly is at an early stage. * Debenhams PLC's hedge fund owners are selling Magasin du Nord in a deal that could value its Danish department store unit at £150 million to £200 million, The Times reported. The London-based firm may also opt to restart talks with U.S. Martens, Reuters reported, citing two sources familiar with the matter. to manage the potential early 2021 London IPO of its British boot brand Dr. * Private equity firm Permira Advisers Ltd. Lockdowns and the economic impact of the pandemic have hit many retailers hard, leaving banks with a complicated picture of who the likely winners and losers might be. ➤ European banks brace for hit from coronavirus-battered retail sector The grocer is cutting costs where possible and relying on its growing ad business to boost return on pick-up or delivery sales, executives said Sept. ➤ Kroger sees 'clear path' to greater profitability for online grocery orders
➤ Food in Focus: August consumer price gains moderate, wholesale rises slightlyįruit prices, however, jumped for both consumers and grocers during the month. The company is set to open 100 operation sites in September, including new fulfillment centers, delivery stations and sorting facilities. and Canada, in addition to the 33,000 jobs it intends to fill. plans to hire 100,000 regular employees in the U.S. The retailer also plans to include the delivery of general merchandise. The service, which is likely to start in early 2021, will expand to other areas in the U.S. teamed up with Zipline to pilot on-demand drone delivery of health and wellness products in northwest Arkansas. Missed last week's Daily Dose Live: Discovering Europe's Growth Dynamics webcast? Catch it on-demand here.
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