China's largest e-commerce firm has ceded control of its Russian business to form a new venture with a state fund and two technology firms, hoping that access to their consumer base with help boost its development.
JD Sports is a business that can't seem to put a foot wrong at the moment and after a stunning first half it said H2 has started well. While its Outdoor business suffered from the hot summer, its main chain is on a roll.
Destination Maternity said comparable sales for the second quarter gained 1.2% and online revenues witnessed double-digit growth, signalling a turnaround for the mother's brand, despite an overall decline in net sales.
The owners of a proposed German department store chain formed by the merger of Karstadt and Kaufhof, have agreed to provide the company with a cash injection of 400 million euros, a magazine reported on Monday.
The American apparel brand announced the launch of the “New Crew” on Monday, revealing a strategy that repositions J.Crew as an inclusive label, while also taking the prepster favorite back to its roots.
Pentland Group may be expanding its footwear ops in deals with brands such as Karen Millen and Lacoste, but it’s losing its Ted Baker license as that company buys its UK and US footwear ops and takes them in-house.
On Monday, Debenhams unveiled two major beauty initiatives as part of its aim “to strengthen its position as a leader in premium beauty,” But most media focused on news that it has brought in restructuring advisors KPMG.
Cartier maker Richemont on Monday named group veteran Jerome Lambert as chief executive officer, as the luxury goods group posted a 10 percent gain in the five months to Aug. 31 on strong Asia revenues.
Primark's like-for-like sales fell in the latest year but the company isn't too upset as freak European weather conditions were to blame, so it's upbeat for the current year and said the UK is performing well.