India’s consumer goods industry is losing steam as spending in the country’s rural heartland cools and small manufacturers lose competitive advantages in a slowing economy, market research firm Nielsen said on Thursday.
The ex-chief financial officer of Salvatore Ferragamo in the Americas will be tasked with turning around the loss-making fashion brand as its new CFO. His appointment follows the departure of CEO Paolo Riva on Friday.
The president of luxury group LVMH has become the world's second-richest man, overtaking Microsoft co-founder Bill Gates but ranking behind Amazon’s founder Jeff Bezos, according to Forbes and Bloomberg.
Grupo Axo, which holds the license to distribute fashion brands including Victoria’s Secret, Nike and Calvin Klein in Mexico, has entered into various agreements to acquire ecommerce retailer Privalia Mexico.
Spreadshirt, an e-commerce company offering print-on-demand services for clothing and accessories, has attributed a staggering increase in revenues and profitability to its success in Germany, the US and France.