H&M is acquiring a stake in Swedish fintech company Klarna, the Financial Times reported. The world's second-largest clothes retailer is paying SEK 185 million (15.6 million pounds) for a stake of less than 1 percent.
In a short statement on Monday, French Connection confirmed what had been rumoured for some time with the company saying that it’s looking at its strategy options and one of those could include a sale.
The European Union is considering trade sanctions on Myanmar over the Rohingya crisis, potentially stripping the country of tariff-free access to the world’s largest trading bloc, three EU officials said.
Walmart Inc said on Monday it would partner with U.S. movie studio Metro Goldwyn Mayer to create content for its video-on-demand service, Vudu, which the retailer bought eight years ago.
A South Korean appeals court said on Friday it found the chairman of Lotte Group guilty of charges including bribery and breach of trust, but suspended his jail term, setting him free.
The Italian antitrust authority said on Friday it had opened a probe into Luxottica’s acquisition of top sun lens maker Barberini.
Indebted retailer Casino could sell or turn some its 20 loss-making hypermarkets in France into franchises, among options for the stores it has outlined to worker unions, a spokesman said.
Google’s proposals to increase competition in online shopping are bearing fruit, Europe’s antitrust chief said on Friday, suggesting that the company may be able to avoid further fines.
‘Me Myself & Us’, ‘Casual Materialism’ and ‘Intense Fluidity’ are the key attitudes to luxury identified in East Asia, where the consumerist frenzy is being replaced by “sensible hedonism”.
Last week the UGG brand announced the launch of a global "UGG: 40 Years" campaign celebrating four decades of creativity and success.
If there was one overarching beauty trend to come off the Spring/Summer 2019 catwalks, it was for dewy skin with a supercharged glow.
Ascena Retail Group has confirmed the retirement of Randy Pearce and has appointed Kate Buggeln as lead independent director and Carrie Teffner as a member of its board of directors.
Gap has appointed Amy Bohutinsky, John Fisher, and Lexi Reese to serve on its board of directors, effective from November 1.
Jonathan Hewlett has been appointed as the new commercial director of Marc Jacobs from September, after working for Diesel as the brand’s European general manager since 2017.
Aritzia continued to see its revenue and comparable sales climb in its second quarter, with net income tripling to $15.1 million, the retailer announced on Thursday.