PARIS, Dec 13 Reuters A winding down of the postpandemic spending frenzy is hitting European luxury companies from LVMH to Kering, but none more than Farfetch, an ecommerce pioneer. Founded in 2007, Farfetch is one of the few global online retailers of highend merchandise from a range of labels, such as a 5,690 Saint Laurent wool coat […]

Dec 13 Reuters Spanish utility Naturgy has hired Morgan Stanley to evaluate a potential sale of the Australian assets of its unit Global Power Generation, the Expansion newspaper reported on Tuesday evening, citing unidentified sources with knowledge with the matter. The Australian assets of the unit, which operates renewable power plants in eight countries, are worth about […]

BENGALURU, Dec 13 Reuters Private equity firm Bain Capital has sold a 448 million stake in Indian private lender Axis Bank in a block trade on Wednesday, according to a term sheet seen by Reuters. Bain affiliates BC Asia Investments VII, BC Asia Investments III and Integral Investments South Asia IV were offering 33.4 million shares, […]

LONDON, Dec 13 Reuters Britain39;s payments regulator on Wednesday provisionally proposed a cap on crossborder interchange fees charged by Mastercard and Visa on transactions made between the UK and European single market. The Payment Systems Regulator PSR said a cap would protect businesses from overpaying, after it published interim findings of a market review on interchange fees charged since […]