Legendary Italian designer Valentino, who has dressed the world's most glamorous women for decades, announced his retirement Tuesday september 4th, saying it was time to bid farewell to the world of fashion.
Japan's Fast Retailing, the operator of Uniqlo casual clothing shops, set its sights Tuesday, September 4th on buying a major Western brand as it unveiled plans for a third global flagship store in Paris.
Shares in the French luxury goods empire PPR shot up in opening trades Friday, august 31st on strong first-half results following its purchase of German sportswear group Puma. PPR shares leapt by 3.85 percent to 126.54 euros on the Paris stock exchange, while the CAC 40 index of leading issues gained 0.78 percent.
China will this year launch a fund with 7 billion yuan ($925 million) to spend on energy-saving projects such as efficient lightbulbs as it seeks to curb soaring demand for power, Chinese media reported.
A South Korean department store Friday, August 24th, opened what it calls the world's first virtual reality i-fashion store, which lets consumers pick clothes without actually coming in to try them on.
Mitsukoshi, one of Japan's most illustrious department stores, announced Thursday, August 23rd plans to merge with rival Isetan as Japan's purveyors of fine goods try to adapt to a rapidly changing market.
Business investment picked up only modestly in the second quarter after falling in the first, suggesting a key engine of economic growth last year may be cooling. The Office for National Statistics said investment rose 0.
A man armed with a knife who burst into a Sonia Rykiel luxury fashion boutique in Paris and held shop employees hostage for several hours was overpowered and arrested on Tuesday, August 21st, police said.