Austrian fibres producer Lenzing plans to invest more than 1 billion euros (895.4 million pounds) in expanding production in coming years, and in a first step will build a 400 million euro facility in Thailand.
India has told foreign e-commerce firms such as Amazon and Walmart’s Flipkart that they must ensure compliance with new foreign investment rules aimed at deterring them from providing steep online discounts.
Package delivery company FedEx Corp beat Wall Street estimates for quarterly profit on Tuesday, but warned its fiscal 2020 performance would be hurt by trade uncertainty and non-renewal of Amazon contract.
As W Magazine changes hands from Condé Nast to the newly formed Future Media Group, Tonchi has announced he is stepping down as editor-in-chief after almost a decade in the role. He will be succeeded by Sara Moonves.
China's retail sales are expected to grow at a slower-than-anticipated pace and would now overtake the United States only in 2021 as the trade war between Beijing and Washington takes a toll on demand.
John Lewis Partnership sales fell 2.4% in the week up to June 22 and the John Lewis department stores chain fell by the same percentage, which was a surprise as the company’s summer clearance sale is in full swing.
Donatella Versace announced Tuesday that she is a new ambassador of Stonewall, the riot in the West Village that signaled the beginning of the gay rights movement, which celebrates its 50th anniversary this Friday.
Forty glass-fronted stores and restaurants will be built to create a 135,000 sq ft upmarket shopping destination to rival St Pancras International, with developers hoping the scheme will open by April 2021.
US landlord Vornado has suggested Philip Green and his Arcadia empire may have manipulated the results of a CVA vote by increasing its debt owed to suppliers, potentially undermining landlords’ power to block it.
The head of product quality and supply base at fashion retailer Missguided has defended the retailer and the fast-fashion sector following criticism of its eco impact and a furore over a bikini it sold for just £1.