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The budget group, part of Associated British Foods, said on Friday the investment will include the opening of at least four new stores and will create at least 850 jobs.
Market Pulse
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The News in Brief
Allegations have continued to mount about the rapper’s erratic behaviour and treatment of designers and other employees at Adidas, whose collaboration with Ye was once one of the most successful in the industry’s history.
The former deputy chief executive of LVMH Fashion Group will take the reins as president and CEO of Sephora on Jan. 1, reported WWD.
In a Tuesday night complaint filed in San Francisco federal court, Patagonia said Gap is wilfully and deliberately selling fleece jackets that mimic its flap pocket and rectangular “P-6″ logo without permission.
Lab tests found concentrations of hazardous chemicals that breach EU regulatory limits in 15 percent of products, according to a report published Tuesday.
Debt-laden Chinese conglomerate Fosun International is seeking to offload a minority stake in Alibaba Group’s logistics arm Cainiao, in a deal that could fetch up to $1 billion, two people with direct knowledge of the matter said.
Hong Kong no longer has the world’s most-expensive retail district after rents plummeted due to Covid curbs and restrictions on visitors.
The company expects fiscal 2022 profit between $2.13 and $2.43 per share, compared to a prior forecast of $2.45 to $2.75.