The Spanish fashion retailer is adapting to the new normal of lockdowns and remote working, and is set to extend its product range into the home linen and home decoration categories in Q2.
Harrods owner Qatar Investment Authority made a gain of around $892 million when it sold shares in Tiffany & Co as part of LVMH’s $15.8 billion acquisition, according to analyst estimates and filing data.
Uniqlo's Japanese owner on Thursday said operating profits were higher than pre-pandemic levels in its Q1, boosted by China's resurgence and strong demand for stay-at-home clothes like jogging pants and loungewear.
Digital payments and e-commerce business Paytm could turn profitable in 2021, as the pandemic continues to drive online growth and the uptake of digital payments in India.
Unilever expects global consumption patterns to be suppressed in the first half of this year, even as business returns to normal in East Asia and markets in Africa and Latin America show resiliency, its CEO announced.
To strengthen its global presence, the selective perfumery brand founded by Romano Ricci has sold a minority stake to investment fund Cathay Capital.
Brunello Cucinelli, who opened the famed Florentine trade fair Pitti on Tuesday, is fashion's resident philanthropic designer entrepreneur. One of fashion's busiest men discusses his idea for a new social contract.
Asos concluded a strong year with a four-month autumn and festive period that showed just how strong a business it is. Sales soared not just in the UK but globally and it expects higher profit as a result.
Mytheresa said on Tuesday it aims to raise as much as $282 million in its U.S. initial public offering, valuing the German luxury fashion e-commerce site at $1.58 billion.
Vanity Wagon has raised Rs 1.5 crore ($200,000 ) in a seed round led by Agility Venture Partners; Alfa Ventures founder, Dhianu Das; actor Anita Hassanandani; and angel investor, Sanjay Nagi.
Lululemon Athletica Inc. said on Monday that it now expects revenue and earnings to be at the “high end” of its prior guidance range for the quarter ending January 31, 2021.
E-commerce solutions business Shopmatic has exceeded its revenue targets by 40% and reported a revenue total of $7 million (Rs 46.6 crore) from April to December, 2020. The business expects to turn cash positive in 2021.
RP-Sanjiv Goenka Group-backed start-up The Souled Store is planning to raise around Rs 75 crore ($10 million) to 100 crore funds to fuel its expansion in the country.
The company, which marked 2020 with a series of high-profile celebrity collaborations including Justin Bieber and Post Malone, predicts revenue for 2021 to grow by 20% to 25% compared to 2020.
Abercrombie & Fitch Co on Monday forecast holiday-quarter net sales to decline between 5% and 7%, as strong online demand was not enough to cushion the blow from temporary store closures and Covid-19 restrictions.
