Alibaba said it will invest an additional $2 billion in Southeast Asian e-commerce firm Lazada Group and replace its CEO, consolidating its control over the firm as it targets an aggressive expansion in the region.
Inditex had another good year in 2017, despite exchange rates denting its margin slightly. But its omnichannel focus drove it to higher sales and profits, and its new COO has been tasked with maintaining that momentum
Eleven countries are expected to sign a landmark Asia-Pacific trade agreement in Santiago on Thursday, as an antidote to the increasingly protectionist bent of the United States, which last year pulled out of the pact.
Italian entrepreneur Alessandro Bastagli set his sights on Shanghai Tang two decades ago and having finally bought the brand in 2017 from Richemont he aims to increase the group’s sales by 15-20 percent next year.
The final version of a landmark deal aimed at cutting trade barriers in some of the fastest-growing economies was released on Wednesday, signaling the pact was a step closer to reality even, without star member the US.
Chanel has taken a minority stake in UK online retailer Farfetch, the companies said on Monday, as part of a tie-up to develop digital services such as chats to connect the label's clients with store assistants.