Walmart Inc has agreed to pay $16 billion for a roughly 77 percent stake in Indian online shopping site Flipkart, the U.S. retailer’s biggest foreign investment ever as it battles rival Amazon.com Inc.
Chelsea’s King’s Road is seeing plenty of pop-up activity this month, including first time pop-up Rich Fashion, plus lifestyle brand Ville & Campagne and childrenswear retailer Four Fairies & A Prince.
Adidas CEO Kasper Rorsted said on Thursday that the firm expects sales growth to “normalise” this year after two years of strong expansion, and that it will continue its footwear sourcing shift from China to Vietnam.
Chinese internet giant Tencent will announce a cultural trade deal with Britain, including fashion, deepening cooperation between the two countries and setting the stage for its own international expansion moves.
Magazine Luiza SA, Brazil’s third-biggest online retailer by sales, is looking to improve its payment systems either through internal development or by acquiring startups, CEO Frederico Trajano said on Tuesday.
EU-based shoppers searched for UK fashion items using smartphones in greater numbers than ever in the first three months of this year. But local UK shoppers were much more focused on beauty, according to new data.
A federal judge in New York on Tuesday ordered Jay-Z to testify on May 15 in an investigation by the U.S. Securities and Exchange Commission involving the sale of the rapper’s Rocawear clothing brand to Iconix Brand.