#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 ...
Sunday, December 8, 2019
LVMH-Kering Rivalry Fuels Pursuit of Tiffany and Moncler #StartUps
#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...
Tuesday, December 3, 2019
Hudson’s Bay Rejects $1.5 Billion Bid From Catalyst Capital #Startups
#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...
Monday, December 2, 2019
Lord & Taylor Is Returning to New York With a Mini Store #Startups
#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...
Friday, November 29, 2019
H&M Tests Renting Clothes to Address Environment Concern #Startups
#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...
Saturday, November 23, 2019
Report: Roger Federer Buys Stake in Swiss Running Shoemaker #Startups
#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...