Shares of Versace Owner Capri Seen Falling 30% If Deal With Coach Owner Tapestry Fails
Since the merger announcement, Capri has reported weaker-than-forecast earnings twice, spurring concern about its performance in the coming quarters.
The London-based marketplace is entering a global partnership with modest luxury retailer The Modist.
The fashion ‘unicorn’ has entered into a joint venture with Chalhoub Group ahead of a $5 billion IPO that is set for September 2018, according to sources close to the deal.
Chief executive Federico Marchetti said revenue at Yoox Net-a-Porter this year will grow in the lower part of the expected 17 to 20 percent range due to logistics delays at The Outnet.
Noon.com's launch in Saudi Arabia, where online sales are expected to reach $13.9 billion by 2021, has sparked a race for e-commerce dominance.
Emaar Malls said it will buy a 51 percent stake in fashion website Namshi from Germany's Rocket Internet for $151 million as competition for technology deals heats up in the Middle East.
The retail division of Emaar Properties PJSC, run by Mohamed Alabbar, is believed to have offered about $800 million for Souq.com last week.
A slew of new e-commerce ventures are using the UAE as a springboard into the Middle East’s online retail market.
Booming e-commerce sales on Black Friday underscore the need for continued digital investment, but front-end upgrades are only the tip of the iceberg.
The Yoox Net-a-Porter Group is launching a joint venture with Mohamed Alabbar's Symphony Investments to create a major new platform for online luxury retail for the Middle East.
Amidst disruption on New York’s Fifth Avenue, discounting season has come early this year, but more and more sales are no longer a salve for the deeper problems facing retail.
This week, a report reveals the importance of speedy delivery services to holiday shoppers and a $1 billion e-commerce venture from Saudi Arabia PIF and Alabbar targets the Middle East's growing online retail market.
This week, a report reveals the importance of speedy delivery services to holiday shoppers and a $1 billion e-commerce venture from Saudi Arabia PIF and Alabbar targets the Middle East's growing online retail market.
Emaar Properties PJSC Chairman Mohamed Alabbar and Saudi Arabia’s Public Investment Fund will each contribute $500 million to an e-commerce venture to tap the Middle East’s fast-growing online retail market.
The business mogul who built the world’s tallest building and the Dubai Mall recently invested more than €100 million in Yoox Net-a-Porter.
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.
Overall revenues for the three months through March totalled 818 million euros ($874 million), above a company-provided analyst consensus of 786 million euros.
Embattled by weak demand and currency issues in Nigeria, the company is looking to slim down in order to return to growth.
EU lawmakers backed the Corporate Sustainability Due Diligence Directive by 374 votes to 235 against, with 19 abstentions.