Macy’s is closing its online store on Tmall, Alibaba's Chinese-language B2C e-commerce platform, marking the department store's exit from the country. The e-store will stop all operations on December 31.
Having acquired a significant portion of Global Brands Group’s American business, the consumer brands company has announced that it has changed its name to Centric Brands and will be welcoming Jason Rabin as its new CEO.
According to the financial press, the French brand, owned by LBO France since 2015, looks to have reached an agreement with its creditors, in the form of a deal by which they would become the label's new owners.
The BFC launched the organisation’s China Partnerships Strategy in Shanghai this week with Ambassadorial President David Beckham and a number of BFC luminaries on hand to guarantee maximum publicity for the initiative.