The Independents Acquires Production Studio Smuggler
The global collective has brought film studio Smuggler under its umbrella to bolster its entertainment capabilities.
Currency
Latest News & Analysis
Technology
Op-Ed | Blockchains Could Upend the Fashion Business
Blockchain will revolutionise the industry in the next 10 years, but a number of systems have to be built to support it, argues Charles Beckwith.
Op-Ed | Blockchains Could Upend the Fashion Business
Blockchain will revolutionise the industry in the next 10 years, but a number of systems have to be built to support it, argues Charles Beckwith.
China
The China Edit | Chinese Tourist Spending Falls, Alibaba Hits Australia
This week, why the average Chinese tourist is spending less abroad, while the Alibaba Group expands into Australia and New Zealand.
The China Edit | Chinese Tourist Spending Falls, Alibaba Hits Australia
This week, why the average Chinese tourist is spending less abroad, while the Alibaba Group expands into Australia and New Zealand.
Entrepreneurship
Bags and Bling, Tourists Seek Bargains in Brexit Britain
The sharp fall in sterling since Britain voted to leave the European Union has encouraged tourists to go on a spending spree, providing a little relief for the economy as it faces an overall sharp slowdown.
Bags and Bling, Tourists Seek Bargains in Brexit Britain
The sharp fall in sterling since Britain voted to leave the European Union has encouraged tourists to go on a spending spree, providing a little relief for the economy as it faces an overall sharp slowdown.
Financial Markets
PayPal, MasterCard Reach Deal For Store Payments
MasterCard said it signed a deal with PayPal that will allow customers to use PayPal's payment services in stores.
PayPal, MasterCard Reach Deal For Store Payments
MasterCard said it signed a deal with PayPal that will allow customers to use PayPal's payment services in stores.
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Luxury
Britain Now World's Cheapest Luxury Market
The UK is now the cheapest luxury goods market in the world in the wake of the country's vote to leave the EU, which pushed down the value of the British pound about 10 percent against the euro.
Britain Now World's Cheapest Luxury Market
The UK is now the cheapest luxury goods market in the world in the wake of the country's vote to leave the EU, which pushed down the value of the British pound about 10 percent against the euro.
Retail
Fast Retailing Feels Japan's Brexit Sting With Rising Yen
Billionaire Tadashi Yanai’s Fast Retailing gave an early glimpse of the pain a rising yen is bringing to Japan’s biggest companies since the UK voted to leave the European Union last month.
Fast Retailing Feels Japan's Brexit Sting With Rising Yen
Billionaire Tadashi Yanai’s Fast Retailing gave an early glimpse of the pain a rising yen is bringing to Japan’s biggest companies since the UK voted to leave the European Union last month.
China
China's JD.com Says Brexit Could Boost Imports of British Goods
JD.com has said that Britain leaving the European Union could make British goods cheaper to buy, but it was premature to say if the move would significantly impact the group's business.
China's JD.com Says Brexit Could Boost Imports of British Goods
JD.com has said that Britain leaving the European Union could make British goods cheaper to buy, but it was premature to say if the move would significantly impact the group's business.
News & Analysis
Brexit Vote Sends Tourists Flocking to London to Purchase Luxury Goods
By voting to leave the European Union, Britons have delivered a potential windfall to tourists eager to snatch up Burberry trenchcoats, Harrods Stilton and Liberty scarves on the cheap.
Brexit Vote Sends Tourists Flocking to London to Purchase Luxury Goods
By voting to leave the European Union, Britons have delivered a potential windfall to tourists eager to snatch up Burberry trenchcoats, Harrods Stilton and Liberty scarves on the cheap.
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Financial Markets
Prada Hurt by Strong Pound, Says CFO
According to Prada Chief Financial Officer Donatello Galli, the strong pound is hurting the Italian luxury-goods maker’s earnings.
Prada Hurt by Strong Pound, Says CFO
According to Prada Chief Financial Officer Donatello Galli, the strong pound is hurting the Italian luxury-goods maker’s earnings.
Global Markets
Euro Falls Near $1, But European Luxury Goods Remain Pricey
Americans hunting for a bargain on a new Beemer, bottle of Chateau Margaux or Hermès handbag thanks to the sliding euro should put away their gold cards. European luxury goods sold in the U.S. still carry luxurious price tags.
Euro Falls Near $1, But European Luxury Goods Remain Pricey
Americans hunting for a bargain on a new Beemer, bottle of Chateau Margaux or Hermès handbag thanks to the sliding euro should put away their gold cards. European luxury goods sold in the U.S. still carry luxurious price tags.
Financial Markets
Navigating a Storm of Currency Volatility
How can fashion companies navigate the crashing waves of currency fluctuations?
Navigating a Storm of Currency Volatility
How can fashion companies navigate the crashing waves of currency fluctuations?
The News in Brief
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.
Kimberly-Clark Prepares Asset Sales to Win EU Nod for Kenvue Deal
The US consumer goods giant is preparing concessions to address EU antitrust concerns about its bid for Tylenol maker Kenvue that could help it win approval for the $40 billion deal, sources told Reuters.