Edward Buchanan Opens New Creative Hub in Milan
A new space called The Situation will host exhibitions and residencies and provide resources to Black, queer and other under-represented creatives.
Davos, Switzerland
News & Analysis
Nearly Half of WTO Members Agree to Talks on New E-Commerce Rules
In a gathering on the sidelines of the World Economic Forum in Davos, ministers from a smaller group of countries agreed to work out an agenda for negotiations on setting new e-commerce rules.
Sustainability
Making the Business Case for Sustainability
Reputational and financial risks related to the industry’s exposure to climate change are creeping up executives’ agendas, coming into focus at the launch of the Global Fashion Agenda’s new sustainability priorities at Davos.
Financial Markets
4 Davos Themes Fashion Needs to Watch
As business magnates, presidents and economists converged at the 2018 World Economic Forum to discuss the state of the global economy, what important takeaways are there for the fashion industry?
News & Analysis
Swarovski Says an IPO Could Propel Jeweller's Digital Growth
The jewellery brand has annual sales of about €3.4 billion, and an IPO could raise its digital profile and scale in North America.
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Technology
Impact of Job-Stealing Robots a Growing Concern at Davos
By 2019, one-quarter of all job tasks are predicted to be offloaded to software robots, physical robots or customer self-service automation.
News & Analysis
China's Alibaba Becomes Major Sponsor of Olympics
International Olympic Committee sources have reported that major sponsors pay about $100 million per four-year cycle, which includes one summer and one winter games.
News & Analysis
Alibaba's Ma Says No Chance of US Trade War with China
Ma met US President-elect Donald Trump last week and laid out the Chinese e-commerce giant's new future plans.
News & Analysis
Europe’s Weak Economy Is ‘Core Worry’ for Adidas Chief
Rorsted’s concern contrasts with recent signs that the euro area may be set for a pick-up in economic momentum.
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The News in Brief
L’Oréal Joins Forces With Nykaa to Invest in Indian Beauty Brands
BOLD, the French conglomerate’s venture capital fund, will collaborate with retailer Nykaa to invest in the next generation of Indian beauty brands.
Private Equity Firm Inflexion Invests in Manucurist
The European investor, which previously backed Medik8, has taken a 49 percent stake in the premium French nail line.
H&M Profit Rises on Tariff Refunds as Sales Remain Sluggish
US tariff refunds drove an increase operating profit, even as the fast-fashion retailer has struggled to deliver consistent sales growth.
Arnault Clan to Change LVMH Holding Structure to Ensure Control
Under the plan, the world’s biggest luxury group will be controlled by one entity, Agache SCA, after Christian Dior SE, one of the current holding companies of LVMH, is delisted.
JD Sports Says Nike Turnaround Is Only a Matter of Time
Dominic Platt, chief financial officer of the British sportswear retailer, told Reuters, ‘Much as there's a lot of talk about Nike, it's still the most popular brand out there and it's still a very strong brand.’
Chanel Plans to Keep Investing in China Despite Demand Downturn
CEO Leena Nair pointed to the brand’s recent renovation of its Plaza 66 boutique in Shanghai, calling China ‘a market where the clients understand sophistication, refinement.’
Meta Expected to Unveil Smart Glasses Without Camera
Smart glasses have become a target of criticism in recent months amid growing concerns they can be used to record people without their consent.