Walmart Inc said on Friday it has acquired online lingerie retailer Bare Necessities for an undisclosed amount, its second apparel-focused acquisition in less than two weeks as it seeks more inroads into online fashion.
China’s vast export engine unexpectedly kicked into higher gear in September, producing a record trade surplus with the United States that could exacerbate the already-heated dispute between Beijing and Washington.
Confirmation of Carven's acquisition by Chinese group Icicle has been accompanied by the news that the French label will be able to keep on all of its current employees – all bar one: creative director Serge Ruffieux.
The brand headed by American street artist Shepard Fairey has chosen Paris as the location for its first ever store, setting up shop around the corner from Place de la République, where the city's skaters congregate.
Amazon could face a threat other than just EU antitrust scrutiny after a key EU lawmaker announced proposals aimed at curbing online marketplaces' use of merchants' data to boost sales of own brand products.
Following predictions from industry observers indicating Chinese company Icicle as the favourite to take over Carven, the French brand has confirmed that the premium fashion group is indeed the new owner of the house.