Lanvin's new owner Fosun International, which also owns Club Med and a stake in Cirque du Soleil within its broad portfolio, aims to invest at least 20 billion yuan ($3.2 billion) in technology in the next three years.
Cotton planting in India, the world’s top cotton producer, could fall 12% in the 2018/19 crop year as infestation by the pink bollworm has slashed farmers’ incomes, prompting them to choose other crops, say officials.
Major Australian cricket team sponsors including Asics and Qantas Airways said on Monday they were assessing their relationship with the country’s favorite pastime as the fallout from a ball-tampering scandal escalates.
JD Sports is riding high at the moment and that’s making it acquisition-hungry. The latest? US-based The Finish Line, with the company having entered a conditional (and game-changing) deal to buy it at the weekend.
A boom in online luxury goods sales is finally convincing high-end watchmakers, long sceptical that customers would pay thousands to buy intricate timepieces on the web, to step up their investments in e-commerce.
The ‘Beast from the East’ as the recent snowstorm was dubbed in the UK may have dented sales at stores in February but it contributed to a 13.1% growth rate at webstores, according to the latest eRetail Sales Index.