#BusinessGuide BEIJING, China — China may have helped create the world’s biggest shopping event online, but for Gucci’s owner, physical stores are still the way to go in the most populous country. A total of 14 new outlets are being planned for ...
#BusinessGuide PARIS, France — The first families of French luxury are at it again, firing up a race to gather the world’s brightest baubles and fanciest fashions under their rival houses. Only days after the Arnaults’ LVMH snapped up jeweller T...
#businesstips NEW YORK, United States — A special committee at Hudson’s Bay Co. rejected an offer by private-equity firm Catalyst Capital Group Inc. that values the Canadian retailer at more than C$2 billion ($1.5 billion), giving the upper hand...
#businesstips NEW YORK, United States — Lord & Taylor began 2019 by closing its massive New York store after more than a century in business. It will end the year by opening a tiny new one. The department store will return to Manhattan this holi...
#businesstips STOCKHOLM, Sweden — Hennes & Mauritz AB is testing out a clothing rental service as the fashion industry faces mounting criticism for waste and pollution. As of Friday, consumers can rent garments for 350 kronor ($37) a week in a r...
#businesstips ZURICH, Switzerland — Twenty-time Grand Slam tennis champion Roger Federer has bought a stake in Swiss running shoe manufacturer On, a move prompted by the end of his contract with Nike Inc. and as he plans for life after professio...
#businesstips SAN FRANCISCO, United States -- Gap Inc. jumped after the company’s interim leader pledged to fix operational issues and stick with plans to spin off its Old Navy discount chain. The company now sees comparable sales, a key metric ...
#businesstips NEW YORK, United States — The value of Hudson’s Bay Co.’s Saks Fifth Avenue flagship store has plummeted over the last five years, pulled down by retail woes and sliding rents in a high-profile Manhattan shopping district. The buil...
#businesstips HONG KONG, China — Alibaba Group Holding Ltd.’Singles’ Day shopping bonanza got off to a scorching start, logging more than 114 billion yuan ($16.3 billion) of purchases in less than 90 minutes, the equivalent of more than half of ...
#businesstips The Italian fashion brand will pay €66 million to a holding company controlled by the co-CEO and designer. Startups via https://aiupnow.com Bloomberg, Khareem Sudlow ...
#businesstips PARIS, France — LVMH is exploring an acquisition of US jeweller Tiffany & Co. in what would be the biggest purchase ever by the French owner of Louis Vuitton, according to people familiar with the matter. The French luxury group ha...
#businesstips SEOUL, South Korea — Japan’s largest clothing maker Fast Retailing Co. suspended a television commercial in South Korea which angered consumers, the Kookmin Ilbo newspaper reported. An ad in English promoting Uniqlo’s Fall/Winter c...
#businesstips LONDON, United Kingdom — UK lawmakers voted to delay a decision on Boris Johnson’s Brexit deal, a move that will force the prime minister to ask the European Union to postpone Britain’s departure from the bloc. Without sign-off fro...
#businesstips TOKYO, Japan — Shiseido Co. agreed to buy skincare brand Drunk Elephant for $845 million as the Japanese beauty company seeks to appeal to younger consumers in the US. The deal for Drunk Elephant Holdings LLC won’t have a significa...
#businesstips BANGALORE, India — Amazon.com Inc. and rival Walmart Inc. reported record revenue for their six-day India sales festivals as e-commerce catches on with buyers and sellers in smaller Indian towns, moving beyond the country’s urban, ...
#businesstips HANGZHOU, China — Richemont and Alibaba Group Holding Ltd’s luxury joint venture is going live in China, presenting 130 brands in one location on the Tmall e-commerce site. Tom Ford, Brunello Cucinelli and Jimmy Choo will join Rich...
#businesstips Rent the Runway offers customers access to an "unlimited" closet | Source: Rent the Runway NEW YORK, United States — Fashion rental service Rent the Runway is refunding and giving out extra cash to disgruntled customers even as it ...
#businesstips Models walk the runway at the Gucci Spring/Summer 2020 fashion show during Milan Fashion Week. | Source: Getty Images MILAN, Italy — Gucci faces a possible backlash for showing straitjackets, meant to make a statement about self-ex...
#businesstips The group's fashion and accessories unit, which includes brands like Chloé, Montblanc and Dunhill, will now report to Chief Executive Jerome Lambert. Startups via https://aiupnow.com Bloomberg, Khareem Sudlow ...
#businesstips 'The job is more suitable for a woman,' Yanai, the chief executive officer behind clothing giant Uniqlo, said in an interview. Startups via https://aiupnow.com Bloomberg, Khareem Sudlow ...
