Mytheresa Owner’s Sales Rise as Ultra Wealthy Keep Shopping
LuxExperience posted a rise in sales as the luxury multibrand platform’s strategy of catering to the ultra wealthy helped it navigate a difficult environment for high-end fashion.
Nairobi, Kenya
News & Analysis
Alibaba Predicts Revenue Rise of 45-48% in 2017
China's Alibaba expects its revenue to expand by 45 to 48 percent in its fiscal year from April as more small businesses join its online community in search of sales.
Alibaba Predicts Revenue Rise of 45-48% in 2017
China's Alibaba expects its revenue to expand by 45 to 48 percent in its fiscal year from April as more small businesses join its online community in search of sales.
Global Markets
Kenya, Africa's Next Frontier
As Nigeria and Angola dazzle the luxury sector, Kenya seems focused on building a fashion market for everyone.
Kenya, Africa's Next Frontier
As Nigeria and Angola dazzle the luxury sector, Kenya seems focused on building a fashion market for everyone.
Global Markets
Fashion Hearts Kenya?
How has the recent terror attack on Westgate Mall in Nairobi changed things for designers with manufacturing connections in Kenya? Marion Hume reports.
Fashion Hearts Kenya?
How has the recent terror attack on Westgate Mall in Nairobi changed things for designers with manufacturing connections in Kenya? Marion Hume reports.
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The News in Brief
The Independents Acquires Production Studio Smuggler
The global collective has brought film studio Smuggler under its umbrella to bolster its entertainment capabilities.
L’Oréal Steals French Stock Market Crown From LVMH
The cosmetics group became France’s most valuable listed company on Tuesday, the first time since 2017 that a non-luxury company has claimed the top spot at the end of a trading day.
Authentic Brands Targets Creator Economy, Eyes Public Offering
The licensor could pursue an IPO as early as the first half of next year.
Vogue Mexico and Latin America Editor-in-Chief Karla Martinez de Salas to Step Down
The industry veteran is joining Latino-focused media platform Avance Global to establish a new lifestyle brand that will span fashion, design, travel, food, culture and entertainment.
Prada Revamps Milan Flagship to Cater to Top Clients and New Shoppers
The group is hoping the renovated eight-level complex can generate €100 million in annual revenue, chief executive Andrea Guerra told Reuters.
JD Sports Names New North America CEO, Chief Marketing Officer
The sneaker retailer is shaking up its North American leadership as it looks to reverse soft sales and an extended slump in the stock market.
Top Africa Clothes Retailer Pepkor Sinks on Earnings Outlook
Shares in the South African discount clothing retailer fell the most in more than three years, as an expansion into banking weighed on profit forecasts.