CVC Mulls Buying Stake in Jeweller APM Monaco From TPG
CVC Capital Partners is considering buying a stake in the fashion jeweller from private-equity firm TPG Inc., according to people familiar with the matter.
employees
Retail
Wal-Mart Eliminates More Corporate Jobs
The company confirmed the latest round of job cuts, which will involve "hundreds" of positions in its international and technology businesses, along with its Sam's Club warehouse chain.
Wal-Mart Eliminates More Corporate Jobs
The company confirmed the latest round of job cuts, which will involve "hundreds" of positions in its international and technology businesses, along with its Sam's Club warehouse chain.
Retail
Amazon Plans to Hire 30,000 Part-Time Workers
The positions are in addition to the 100,000 full-time jobs with benefits Amazon said in January that it would create in the US over the next 18 months.
Amazon Plans to Hire 30,000 Part-Time Workers
The positions are in addition to the 100,000 full-time jobs with benefits Amazon said in January that it would create in the US over the next 18 months.
News & Analysis
India's Snapdeal to Cut 600 Staff, Founders Forego Salary
Snapdeal was valued at $6.5 billion after a fund-raising last year but its valuation is under threat like its bigger rival Flipkart.
India's Snapdeal to Cut 600 Staff, Founders Forego Salary
Snapdeal was valued at $6.5 billion after a fund-raising last year but its valuation is under threat like its bigger rival Flipkart.
Retail
Abercrombie & Fitch Names Merchandising Head as CEO
Fran Horowitz replaces Michael Jeffries, who stepped down in 2014 after over two decades at the helm.
Abercrombie & Fitch Names Merchandising Head as CEO
Fran Horowitz replaces Michael Jeffries, who stepped down in 2014 after over two decades at the helm.
News & Analysis
Amazon Plans $1.5 Billion Air Hub For Faster Orders
Amazon will employ 2,000 workers at the new facility when it opens at Cincinnati/Northern Kentucky International Airport.
Amazon Plans $1.5 Billion Air Hub For Faster Orders
Amazon will employ 2,000 workers at the new facility when it opens at Cincinnati/Northern Kentucky International Airport.
News & Analysis
The Changing Faces of Vogue
Alexandra Shulman's departure from British Vogue comes after new appointments at several international editions of the magazine, presenting a unique opportunity for Condé Nast to reboot the brand for today’s media reality.
The Changing Faces of Vogue
Alexandra Shulman's departure from British Vogue comes after new appointments at several international editions of the magazine, presenting a unique opportunity for Condé Nast to reboot the brand for today’s media reality.
News & Analysis
UK Workers Paid Just £3 an Hour to Make Clothes for River Island and New Look
The investigation found Leicester-based Fashion Square Ltd and United Creations Ltd, where the clothes were made, paid their employees between £3 and £3.50 per hour.
UK Workers Paid Just £3 an Hour to Make Clothes for River Island and New Look
The investigation found Leicester-based Fashion Square Ltd and United Creations Ltd, where the clothes were made, paid their employees between £3 and £3.50 per hour.
Retail
Target Names Rick Gomez as Chief Marketing Officer
He replacing Jeff Jones, who had left the retail chain to join Uber Technologies Inc.
Target Names Rick Gomez as Chief Marketing Officer
He replacing Jeff Jones, who had left the retail chain to join Uber Technologies Inc.
Luxury
Incoming CEO Marco Gobbetti Joins Burberry
Incoming chief executive Marco Gobbetti will initially join the company on Jan. 27 as executive chairman, Asia Pacific and Middle East.
Incoming CEO Marco Gobbetti Joins Burberry
Incoming chief executive Marco Gobbetti will initially join the company on Jan. 27 as executive chairman, Asia Pacific and Middle East.
Luxury
Is Lanvin Entering a Downward Spiral?
Controlling shareholder, 75-year-old Chinese media magnate Shaw-Lan Wang who is based in Taiwan, has been reluctant to invest in the brand for many years.
Is Lanvin Entering a Downward Spiral?
Controlling shareholder, 75-year-old Chinese media magnate Shaw-Lan Wang who is based in Taiwan, has been reluctant to invest in the brand for many years.
Technology
Amazon to Create 100,000 New Jobs in US in Next 18 Months
The hiring could appease Trump, who has prioritised job creation and tangled with Amazon chief executive officer Jeff Bezos during the election campaign.
Amazon to Create 100,000 New Jobs in US in Next 18 Months
The hiring could appease Trump, who has prioritised job creation and tangled with Amazon chief executive officer Jeff Bezos during the election campaign.
Technology
Flipkart Names New CEO, Binny Bansal to Become Group CEO
Krishnamurthy, a former Tiger Global executive, joined Flipkart in June last year as head of its commerce unit.
Flipkart Names New CEO, Binny Bansal to Become Group CEO
Krishnamurthy, a former Tiger Global executive, joined Flipkart in June last year as head of its commerce unit.
The News in Brief
Will Jewellery Help Shape Luxury’s Winners?
As weak appetite for handbags and geopolitical tensions weigh on fashion sales, luxury groups are leaning on high-performing jewellery to help boost growth and steady profit margins.
London’s Liberty Doubles Fabric Section as Sewing Booms
The department store has more than doubled the size of its fabrics department and will host crafting classes this autumn as social media drives a surge in activities like sewing.
US Businesses File Lawsuit Challenging New ‘Forced Labour’ Tariffs
Two small businesses, backed by the group that successfully sued over previous tariffs, say the new policy similarly exceeds the president’s authority to tax imports.
Perfume Maker Givaudan’s Sales Beat Estimates, Tariff Paybacks Weigh on Shares
Givaudan’s second-quarter organic sales came in ahead of market estimates on Thursday, but its shares fell 5 percent on litigation costs and tariff repayments.
Trump to Impose Forced Labour Duties on Friday as Temporary 10% US Tariffs Expire
The move is the White House’s latest effort to restore Trump’s campaign vision of a near-global tariff after the US Supreme Court in February struck down his ‘reciprocal’ duties.
LVMH Appoints General Manager of Fragrance
Givenchy executive Yann Musquin will lead the group’s fragrance portfolio, succeeding longtime division head Romain Spitzer.
India Changes Rule in Win for Foreign E-Commerce Companies
In a major win for Amazon, which lobbied for the change, the government will allow foreign e-commerce companies to buy products directly from Indian sellers and sell them to overseas customers.