U.S. teen retailer rue21 Inc, which exited bankruptcy in September, is seeking financing after lackluster holiday sales failed to generate the cash it had hoped for, people familiar with the matter said on Friday.
Alibaba Group Holding will pay about 5.45 billion yuan (625.62 million pounds) for a 15 percent stake in China's Easyhome, a home improvement chain, as the internet giant expands its investments in offline businesses.
China’s Fosun International has beat Qatar’s Mayhoola in the bidding contest for French fashion brand Lanvin in a deal that should lead to an investment of more than €100 million, two sources close to the matter said.
Amazon.com Inc is testing a programme to ship its sellers' goods, sending shares in FedEx and UPS tumbling even though analysts and the companies played down any near-term threat to the two global delivery businesses.
It was another goodbye for New York Fashion Week on Friday with the announcement that Carolina Herrera, queen of elegance and favorite of US first ladies, is stepping down as chief designer of her eponymous label.
A deal has been struck to sell Bally and while we don’t know how much the deal’s worth, we do know that the Swiss brand will be controlled by one of the world’s biggest textile names, Shandong Ruyi Investment Holding.