Italian luxury outerwear maker Moncler said on Monday it foresaw further growth in 2018, after posting a 15 percent rise in revenue last year and launching a new product strategy based on faster-paced collections.
Massimo Giorgetti sells a third of his booming indie fashion house. His new partners, Style Capital, are to acquire a 32% stake in MSGM S.r.l., which owns MSGM, the contemporary brand of apparel, footwear and bags.
Missguided is axing 50 jobs with another 50 being reviewed after it grew its teams fast in recent years. But it said that while profits remain elusive and sale growth has slowed, turnover is still up in double-digits
Global shopping centre giant Hammerson released its 2017 results on Monday and said that “record leasing” drove a strong performance. It also announced that it has taken its stake in Bicester Village to over 50%.
Italian shoemaker Geox expects its profitability to continue to grow in 2018 under new CEO and former Gucci top executive Matteo Mascazzini, as it overhauls its product range and stores, the company said on Friday.
The NYC-based beauty brand announced on Friday that it has secured $52 million in Series C funding, for a total of $86 million, which it intends to put towards developing customer experience initiatives.
The Olympic movement's new Chinese global sponsor, e-commerce group Alibaba, is turning heads at the Pyeongchang Winter Games promising to revolutionise the experience for spectators, from buying tickets to souvenirs.