South African businessman Christo Wiese has launched a $5 billion lawsuit against crisis-hit Steinhoff , a retail company in which he was a board member and biggest shareholder until earlier this year.
Gold and diamond companies including Berkshire Hathaway Inc’s Richline Group Inc have joined with IBM to develop blockchain technology to track the origin of jewelry and ensure it is ethically sourced,.
Personalized kids subscription service Kidbox has secured $15.3M in Series B funding that will be used to expand the data science team and drive customer acquisition. The company's total funding raised to date is $28M.
Amazon is ramping up its presence in Brazil, but the Amercian giant may struggle to dominate the country's retail, according to a various industry insiders, who say Amazon's slow rollout gave rivals a chance to prepare.
Mexico’s Senate on Tuesday voted to ratify a Asia-Pacific trade agreement, making it the first of 11 signatory countries to back the arduously negotiated framework that was rejected by the United States.
A recent NRF and IBM study suggests that while Gen-Zers favor brick-and-mortar, retailers who fail to integrate online and mobile services with their physical stores may be missing the mark with this key demographic.
Product and brand piracy cost German manufacturers around 7.3 billion euros and 33,000 jobs in 2017, with China being the biggest culprit, a survey by German engineering association VDMA showed on Tuesday.
On Tuesday, the luxury group opened the Thélios production site for its joint venture with Marcolin, a partnership which began with Céline's eyewear collections, and still has those of Loewe and Fred in the pipeline.