LVMH-Backed L Catterton Agrees to Buy Majority Stake in Kiko
The private equity fund has entered into a definitive deal with the Percassi family, which will retain a “significant stake” in the business.
Under severe economic pressure, it’s tempting to see social responsibility as dispensable, but it’s as essential as ever to long-term strategy, argues Clare Press.
The US company launched its website on December 5 racking up a modest loss of £5.09 million, after rattling established bricks-and-mortar retailers.
An explosion of e-commerce demand is boosting profit at some major airlines despite global trade tensions.
The move will drive traffic to Amazon's Australian website, which has drawn criticism for a thin product range and uncompetitive prices.
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Heritage retailers and global e-tailers are locked in battle for the Australian consumer, pitting old guard against new guard while fashion brands get caught in the crossfire.
Australia's fashion industry is turning to sustainability to reshape its perception on the global stage.
The move underscores how the company aims to speed up delivery for shoppers and make its services more compelling.
Australia presents a new challenge for Amazon as a sparsely populated, but large, continent that already has a few local web retailers up and running.
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Analysts predict Amazon’s arrival will haul the country’s lagging online sales to 10 percent of total retail spending — up from about 7.4 percent this year.
The once-sleepy Australian eyewear label is on track to become a $100 million brand, thanks, at least in part, to the blockbuster — and somewhat unexpected — success of its partnership with womenswear designer Adam Selman.
While the e-commerce giant did not give a precise date, it is expected goods will ship from its first Australian warehouse in time for the end-of-year holiday season.
Arcadia Group, led by Philip Green, will buy parts of Topshop from its Australian franchisee and keep four stores running in the major cities of Sydney, Melbourne and Brisbane.
The private equity fund has entered into a definitive deal with the Percassi family, which will retain a “significant stake” in the business.
The company confirmed in January that it planned to restart activities in Venezuela in the first half of 2024 with local partner Grupo Futura.
The move means Shein could be liable for fines of as much as 6 percent of global revenue for violating the law, designed to curtail the spread of illegal content online.
Since the merger announcement, Capri has reported weaker-than-forecast earnings twice, spurring concern about its performance in the coming quarters.
The new scent, Zouzou, is the fashion house’s first new perfume since 2022.
Unilever Plc sales jumped more than expected in the first quarter as Chief Executive Officer Hein Schumacher pushes ahead with his turnaround plan and shoppers come back to premium brands.
President Biden signed the bill that gives China-based ByteDance 270 days to divest TikTok’s US assets or face a ban.
The Alphabet Inc. company said in a blog post Tuesday that it’s still working with the ad industry and regulators on the plan.