Indian retail giant Reliance Brands Ltd (RBL) and designer Manish Malhotra have announced a strategic partnership to acquire a 40 percent stake in Malhotra's MM Styles Private Limited.
The sustainable shoe and activewear brand is continuing to expand its physical store network, opening two new U.S. locations, in Cambridge, Massachusetts, and Oakbrook, Illinois.
As retailers continue to deal with a national labor shortage, the off-price luxury destination has announced that it has increased the minimum wage for all its hourly associates in North America to $15 per hour.
The Swiss private equity firm, owner of Borsalino, has hired a new operating partner, Jérôme Macario, a corporate finance specialist who has worked at Kering, with the aim of investing in luxury brands.
Hard-pressed fashion retailers awaiting government plans for a major shake-up in business rates will have to wait. A call from 40 trade associations for the overhaul to be included in upcoming Budget have been dashed.
Positive news from retail landlord Landsec continues on the rent collection front. The commercial property giant said Friday that, as of 12 October, 85% of the £89 million net rent due on 29 September had been paid.
In H1 of the 2021-22 fiscal year, closed on September 30, French leather goods label Lancel saw its sales increase by 36.4%, driven by strong performances across all its distribution channels.
Multinational health and beauty retailer Walgreens Boots Alliance (WBA) has reported Q4 results that “exceeded expectations, reflecting [a] strong operational performance”.
American online sales giant Amazon launched its 'Try Before You Buy' service in its French, Italian and Spanish markets on October 14.
Johnson & Johnson has put into bankruptcy tens of thousands of legal claims alleging its Baby Powder and other talc-based products caused cancer, offloading the potential liabilities into a newly created subsidiary.
U.S. Senator Elizabeth Warren called for breaking up Amazon and Indian retailers demanded a government probe of the company after an investigation showed the Amazon had copied products and rigged search results in India.
German fashion retailer Hugo Boss on Thursday raised its outlook for the current year after third-quarter earnings rebounded above pre-pandemic levels on the back of strong demand in Europe and the Americas.
LVMH's quarterly results have revealed a very promising dynamic at Tiffany, just as the American jeweler announces two major appointments, and a collaboration with Supreme looks to be on the cards.
Cycling apparel manufacturer Velobici has secured a £500,000 investment from the Midlands Engine Investment Fund (MEIF) to fund expansion plans, bolstering its workforce and move to biggest premises.
Ikea, the world's biggest furniture brand, reported record high annual retail sales on Thursday despite global supply chain disruptions as housebound consumers spent more on their homes.
