​Hermès became the latest luxury group to announce a rebound on Friday as the upscale leather goods and fashion maker saw its sales soaring during Q2 and the first half as a whole.

Selfridges is for sale with a formal auction process about to start. It hasn’t been announced by its owners, the Westons, but a news report said Credit Suisse will be canvassing prospective buyers “imminently”.

Entrepreneur and yoga guru Ramdev has announced that he has no plans for a Patanjali initial public offering this year but could take a decision on the matter by the end of the current 2022 financial year.

BigBasket plans to launch express online delivery, as fast as one hour in some areas, as the business expands its omni-channel services following its recent investment from Tata Digital.

​In a month that's shaping up to be huge as far as luxury deals are concerned, the latest news is that LVMH is boosting its stake in Off-White. Virgil Abloh's streetwear label will now be 60% owned by the French giant. 

​Etro is looking to future-proof its business and has revealed a “strategic partnership” with L Catterton Europe that it said will be the “start of a new phase of growth”

As the second wave of Covid-19 continues in India, local authorities in Noida and Ghaziabad are witnessing large crowds at local markets despite this violating local regulations. 

Companies around the world must boost sustainability efforts, not just for the planet, but also for their bottom line as consumers globally believe businesses are responsible for a whole host of sustainability issues.

H&M Group is on the recovery trail with Q2 profit that was better than expected and Q3 having started well as its stores globally bounce back and online remains strong.

India’s e-commerce market is expected to grow significantly with a strong adoption of online services across the country, which will contribute to it becoming the world’s third largest digital economy by 2030.

E-commerce giant Flipkart has opened its first grocery fulfilment centre in Coimbatore, Tamil Nadu, to meet growing demand for online fast-moving consumer goods in the region.

​The global luxury market is gradually recovering and should return to pre-pandemic levels by next year, a new report shows. 

​Major digital fashion wholesale platform JOOR has announced that it has raised $46 million in Series D funding and will use the new cash to accelerate its growth and focus even more on innovation.

​H&M Group’s net sales rose as much as 75% in local currencies during Q2 (the March to May period), although given the strengthening Swedish Krona, its revenues translated into ‘only’ a 62% rise on a total basis.

Designer Anita Dongre’s family office House of Anita Dongre has invested in Indian electric vehicles business Altigreen as part of its commitment to sustainability.

As local authorities continue to tweak lockdown regulations in an attempt to manage the continued spread of Covid-19, e-commerce businesses are struggling to keep up.