Ocado Group Plc rose as much as 47 percent to a record after unveiling a partnership with William Morrison Supermarkets Plc that will boost the online grocer’s coffers by 170 million pounds ($259 million).
Salvatore Ferragamo SpA, an Italian maker of $1,390 sandals, rose to a record in Milan trading after first-quarter profit beat estimates and the company confirmed its projection for earnings growth this year.
Asos Plc, the U.K.’s largest online-only clothing retailer, said Jon Kamaluddin will step down after pioneering a strategy of international expansion that has seen it enter markets from the U.S. to Australia.
Tesco Plc, the U.K.’s largest retailer, said it will exit the U.S. and scale back domestic expansion at a cost of about 2 billion pounds ($3 billion) as it reported the first annual profit drop in almost 20 years.
D.E Master Blenders 1753 NV, the coffee and tea company spun off by Sara Lee Corp., said it’s in talks to be acquired by a group led by Joh. A. Benckiser in a bid that values the company at 7.6 billion euros ($9.7 billion).