Alibaba has invested in luxury online wholesale fashion tech firm Ordre as the three-year-old company positions itself for major growth. Ordre said Alibaba is now “a strategic investor,” but the terms weren’t disclosed.
American actress Meghan Markle picked a sleek sculpted dress by Givenchy creative head Clare Waight Keller for her wedding to Prince Harry and later changed into Stella McCartney, a label also chosen by other big names.
China's Fosun International announced on Wednesday the appointment of Eran Cohen to CEO of US luxury label St. John Knits. Cohen succeeds Bruce Fetter, who has retired after more than 15 years with the company.