Top Italian beauty brand Korff Milano enters UAE

Top Italian beauty brand Korff Milano enters UAE UAE Business • • • • Korff Milano, a leading Italian company known for its upmarket beauty solutions in the pharmaceutical industry, has announced its foray into the UAE market in partnership with BinSina Pharmacies. The premier European make-up brand marked its UAE debut with an exclusive... Continue Reading →

Nyden: H&M’s new affordable luxury brand

Introducing Nyden: H&M’s new affordable luxury brand H&M has announced it will be adding another brand to its portfolio in early 2018 aimed at millennials and co-created with “influencers”. The first /Nyden influencers will include Instagram-famous tattoo artist Doctor Woo and Swedish actress Noomi Rapace. The aim of working with influencers is to ensure the... Continue Reading →

Apple to open first Saudi stores

US giant Apple said to be in talks to open first Saudi stores Tech major is reportedly in licensing talks with Riyadh; first Apple store could open in 2019 US tech giant Apple is reportedly in licensing talks with Saudi Arabia with a view to open its first stores in the Gulf kingdom. The maker... Continue Reading →

Arket to open third store in London

H&M’s Group newest brand, Arket, is set to open its third store in London next spring as the Swedish retail group continues to roll out its latest store concept. Set to open in spring, 2018, the store will be located in Westfield Stratford City. The third UK Arket store opening comes after the brand’s debut... Continue Reading →

South African Retail Tycoon Loses Billionaire Status Amid Accounting Crisis

Christo Wiese. Photographer: Waldo Swiegers/Bloomberg South African retail tycoon Christo Wiese dropped from the billionaire ranks earlier on Thursday after the stock of Steinhoff International Holdings, the retail conglomerate where Wiese serves as the chairman, fell 80% in the course of two days. The company’s shares plunged after its CEO, Markus Jooste, resigned due to accounting irregularities,... Continue Reading →

Galeries Lafayette opens new Paris store

Galeries Lafayette has unveiled a new flagship store at the heart of the new extension to the Carré Sénart shopping centre in Paris. The opening marks the first significant addition to the Galeries Lafayette network of 56 stores in France in the past few years, and the new store concept is intended to be experience-led,... Continue Reading →

Uniqlo founder to retire

The chief of Uniqlo’s parent company Fast Retailing is to retire from the company he founded when he turns 70 in 2019. Tadashi Yanai told the Japanese financial publication The Nikkei on Friday he is due to retire, but will continue as chairman of the company, stating “there is no such thing as retirement for... Continue Reading →

Hugo Boss launches first digital showroom

Hugo Boss has launched its first digital showroom in Berlin, Germany, marking a shift in the company's strategy. The German fashion brand presented its Hugo pre-fall collection for 2018 at a pop-up space in Berlin to showcase its digital showroom last week. Via a 65 inch touchscreen, which resembles a table, viewers were able to... Continue Reading →

Deacons plans sale of Mr Price franchise to SA firm

The firm's chief executive, Muchiri Wahome, says the move comes after South Africa-based Mr Price Group Ltd approached Deacons with a proposal to purchase the chain of stores. “The proposed transaction will be subject to various conditions that include requisite approvals from regulatory authorities and the shareholders of Deacons through a shareholders’ meeting to be... Continue Reading →

H&M profits dive 20% on heavy retail discounts

Swedish fashion retailer H&M said third-quarter profits were adversely affected by heavy discounting of the retailer’s summer collection, in a bid to boost sales over the warmer months. The world’s second-largest clothing retailer said net profits fell 20 percent in the three-month period ending August 2017. Net profit in the third quarter fell from SKr4.8bn... Continue Reading →

COS to open online mall in Korea

Hyundai Department Store announced that it will open COS brand mall at The Hyundai.com. COS also launched the official online store in Korea. Price at online mall is the same as the offline mall. COS is a fashion brand that offers a collection of high quality at reasonable prices based on modern and practical design.... Continue Reading →

Amazon invests $27.6m in Indian retailer

CEO Jeff Bezos has allocated $5 billion toward Amazon's expansion in India Amazon.com  is set to buy a 5 percent stake in Indian retailer Shoppers Stop, valued at $27.6 million (1.79 billion-rupee), as the US company steps up efforts to gain ground in the fast-growing consumer market. Shoppers Stop’s board approved the issuance of 4.4... Continue Reading →

Monki announces new UK store openings

Following the openings of Arket and Weekday on London's Regent Street in August, parent company H&M has announced plans to open two new Monki stores, one at Westfield Stratford and the other at Buchanan Galleries in Glasgow. Both stores will adopt the Monki World concept, leading customers into an imaginery universe that has inspired 115... Continue Reading →

Radley to target America with Macy’s deal

British handbag and accessories brand Radley is set to return to the American market, following its withdrawal six years ago, after signing an exclusive deal with US department store chain Macy’s. The deal, will see Radley opening concessions in 100 Macy’s stores by Christmas, with as many as 300 possible within the next 12 months,... Continue Reading →

Inside Arket, H&M Group’s new store

Swedish fashion and lifestyle brand Arket, from the H&M Group, has unveiled its long-awaited debut flagship store on Regent Street, ahead of its official opening on Friday, August 25.Located within the unit that once house Banana Republic, Arket has transformed the 17,000 square foot space into a calm, modern and very grey environment, with bespoke... Continue Reading →

Shoprite African retail giant eyes Poland, Europe

Shoprite, Africa's largest food retailer, wants to expand to new continents and is eyeing Poland as its gateway to Europe, the Puls Biznesu daily has said, adding its scepticism.Photo: Lars Frantzen/Wikimedia Commons (CC BY-SA 4.0)Shoprite CEO Pieter Engelbrecht, who visited Poland last week and is in talks with two developers, said entering Eastern Europe would... Continue Reading →

Sunglass Hut Opens New Store In Hangzhou

International sunglasses retailer Sunglass Hut opened a new store in Hangzhou's Intime Wulin store, which is the brand's third store in the city following the ones in Hangzhou Kerry Centre and Hangzhou Bailian Outlets.Sunglass Hut has reached cooperation with many first-tier brands, including Ray-Ban, Prada, Dolce & Gabbana, Burberry, Tiffany & Co., and Coach.It started... Continue Reading →

Aldo to acquire Camuto Group

The Camuto family will continue to own and operate its apparel businesses following the acquisition.Aldo, which is also a family business, said the purchase will increase both companies' capabilities and reach, and enhance their ability to offer the widest selection of footwear, handbags, and accessories through all channels, including owned stores, franchise, online and wholesale. David... Continue Reading →

LVMH’s Louis Vuitton launches e-commerce website in ChinaFrench fashion brand Louis Vuitton, part of luxury giant LVMH , said on July 21st it had launched an e-commerce website in China to tap a booming online shopping market.Louis Vuitton, which opened its first store in Beijing in 1992, said the website offered leather goods, small leather goods, shoes,... Continue Reading →

Swarovski debuts Perth flagship store

Swarovski Perth flagship store opening Australia - Retail in Asia Crystal maker and jeweller Swarovski has opened its Perth flagship store, the second store in Australia to feature the brand’s crystal drop chandelier, as part of its new retail design. Located in Perth Hay Street Mall, the new Western Australia store boasts Swarovski’s new ‘crystal... Continue Reading →

H&M firms up plans for Arket brand

As H&M braces for the opening of its first Arket store, it is already putting a plan in motion for its second location. The fast-fashion chain announced in March that is plans to launch its new brand, Arket, in early fall. Arket, H&M’s first new brand in three years, will feature merchandise men, women and... Continue Reading →

Regatta makes American debut

British outdoor and leisure clothing brand Regatta Great Outdoors is making its US retail store debut exclusively at Sears with 11 shop-in-shop locations through the New England area. "We chose Sears for our American debut because their customers align well to the type of enthusiasts who have fallen in love with the Regatta brand in... Continue Reading →

J.Crew CEO of 14 years Mickey Drexler departs

US fashion brand J.Crew has announced its long-standing chief executive Mickey Drexler is to step down. The retail veteran who helmed the company for 14 years will stay on as chairman while former president of West Elm, Jim Brett, steps in to take over the role. The surprise announcement follows recent news that the company’s... Continue Reading →

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