Athene to take over $2.8 billion in J.C. Penney pension obligations
J.C. Penney, which said in December that it would seek to exit bankruptcy protection sometime this year, will not receive any money as part of the deal,…
Amazon rules, Walmart gains in e-commerce
Amazon’s sales are likely to grow a robust 30 percent and its market share is likely to grow to 48 percent of online retail sales, according to…
Asos hosts multibrand sustainability and ethics conference
The full-day conference includes senior representatives from the company as well as from third-party brands who sell via the platform, such as Levi’s, Adidas, Nike, Puma, PVH, Miss Selfridge,…
LVMH says submits disputed Tiffany takeover for EU clearance
The French group’s $16 billion acquisition of the U.S. jeweller turned sour last week when LVMH said it could no longer complete it due to a request…
M&S’s Clothing & Home ops to embrace AI in a three-year digital transformation
The AI-powered platform, called Digital Brain, will replace and modernise M&S’s existing systems across merchandise planning, sales stock & intake, and range planning – “bringing them together…
Mali suspends most cotton ginning after January rain
Mali should be in its dry season but two days of heavy rain have drenched crops in the fields and rendered them temporarily unfit for processing, the…
Perfumery- Provence rose the emblem of proximity sourcing
Since 2006, LVMH-owned Dior has established a presence in the Grasse area, the land of perfume, building partnerships with local farmers and flower growers. “In Grasse, the…
Mexico calls out Louis Vuitton for using traditional pattern
The culture ministry said in the letter dated July 5 that it was “surprised” to find one chair in the Dolls by Raw Edges collection by the…