SUNNYVALE, United States — Yahoo! Inc.’s Marissa Mayer can’t rely on Alibaba Group Holding Ltd. to bail her out much longer, putting the onus on her to accelerate a sales rebound that’s only getting started.
LONDON, United Kingdom — Burberry Group Plc, the U.K.’s largest luxury-goods maker, reported second-half revenue in line with estimates as digital investments boosted growth, and warned currency moves may hurt profit in the current fiscal year.
HONG KONG, China — Yue Yuen Industrial Holdings Ltd., a shoe supplier for Nike Inc. and Adidas AG, said more than 1,000 factory workers in a southern Chinese city went on strike today, demanding better social security payments.
LONDON, United Kingdom — London is getting a new fashion extravaganza — the Victoria's Secret Show, which will take place for the first time in the British capital this year.
PARIS, France — Digital Luxury Group, a marketing consultant, said it acquired social networking and news company Luxury Society, to expand its research on the market for high- end goods.
HONG KONG, China — Workers at a Chinese factory owned by the world's largest maker of athletic footwear are striking in a dispute over benefits.A worker said more than 10,000 employees at Yue Yuen Industrial's plant in the southern province of Guangdong joined the strike on Tuesday.
GENEVA, Switzerland — Rolex will make its third CEO change since 2008 after naming Jean-Frederic Dufour to become chief executive officer of the 109-year-old maker of Swiss timepieces.
FRANKFURT, Germany — Hennes & Mauritz (H&M), the world's second-biggest fashion retailer, supports higher wages for textile workers in Bangladesh, its chief executive said, but warned that higher costs could also prompt some companies to go elsewhere.
PARIS, France — LVMH Moet Hennessy Louis Vuitton SA bought the Clos des Lambrays vineyard to expand into Burgundy, adding to its holdings in Bordeaux, Champagne and the New World.