Frédéric Malle Steps Down From Namesake Brand
Frédéric Malle announced on Apr. 18 that he will be leaving his brand Editions de Parfums Frédéric Malle at the end of June.
The two e-commerce firms typically hold annual festive season sales ahead of key Hindu festivals Dussehra and Diwali, when many Indian customers make big-ticket purchases such as cars and gold jewellery.
The e-commerce giant is in exploratory talks with India's biggest brick-and-mortar retailer to buy an up to 26 percent stake in India's biggest brick-and-mortar retailer.
Companies like Walmart, which bought a majority stake in Flipkart earlier this year, face increasing pressure to make decisions in light of #MeToo and its worldwide relevance.
The Indian online retailer, owned by Walmart, expects bumper sales during the annual festive season, as it boasts that US rival Amazon Inc is losing relevance in India.
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The acquisition will give the US retail giant a stronger foothold in Asia's third-largest economy, where it has struggled to expand in the last decade.
Launched by two former Amazon employees in 2007, Flipkart has grown to become India's most valuable startup worth $15 billion in 2015.
Krishnamurthy, a former Tiger Global executive, joined Flipkart in June last year as head of its commerce unit.
Enhancing the consumer experience through technology is key to driving long-term growth, Ambarish Kenghe, Myntra's head of product told Reuters on Thursday.
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In the past few years, India experienced its biggest-ever startup boom, with entrepreneurs founding thousands of companies. Now the country is getting its own version of a dot-com bust.
Flipkart’s regular Friday townhall grew tense after employees incensed by hundreds of job cuts openly accused management of betrayal.
Flipkart will buy Rocket Internet SE-backed online retailer Jabong for $70 million in cash to create India’s biggest fashion e-commerce business.
Amazon.com Inc. will invest $3 billion more to build its business in India, stepping up its bet that the country will become a major online-shopping market that will fuel sales growth.
Frédéric Malle announced on Apr. 18 that he will be leaving his brand Editions de Parfums Frédéric Malle at the end of June.
The two brothers join older siblings Antoine and Delphine, meaning that 4 out of Arnault’s 5 heirs now serve on the board. Bernard Arnault, age 75, has placed his controlling interest in LVMH in a stock-share partnership aimed at perpetuating family control.
Billionaire Bernard Arnault said he hopes a planned visit to France next month by China’s Xi Jinping will help smooth trade relations between Paris and Beijing.
Alyson Hogg, who founded the luxury tanning brand in 2003, has reacquired it from Crown Laboratories.
Monthly Swiss watch exports suffered their biggest decline since 2020 as demand for premium and luxury timepieces in key markets including China and Hong Kong plunged.
Asos has said it will take “necessary actions” to transform its fortunes after the fast fashion retailer’s first-half losses widened and sales fell by nearly a fifth.
The effort to force TikTok’s Chinese parent company ByteDance Ltd to divest its ownership of the social media platform would quickly become law under a plan outlined Wednesday by House Speaker Mike Johnson.
The French publisher has appointed Tunis-based firm Nissa Editions Group as the local licensing partner and Cairo-based fashion media veteran Susan Sabet as both managing director and editor-in-chief of the new title.