Apparel retailer Forever 21 said it is filing for Chapter 11 bankruptcy protection.…
Lululemon shuts down its Ivivva business
Lululemon has announced that it plans to shutter its Ivivva business completely.…
Richemont acquires Buccellati
Luxury goods holding company, Richemont, said that it has acquired 100% of Buccellati, the renowned Italian high jewelry house, in a private transaction with Chinese investment company, Gangtai Group …
Taiwan’s Eslite opens first outlet in Tokyo
Eslite Spectrum Corp, which runs the Eslite bookstore chain, is to open its first outlet in Tokyo.…
Alibaba produces its first AI chip
Alibaba unveiled its first chip to power artificial intelligence (AI) processes.…
Gap appoints new president and CEO of Athleta
Gap Inc. announced the appointment of Mary Beth Laughton as president and chief executive officer of its Athleta brand. …
SSP Group opens outlets in Beijing Daxing International Airport
SSP Group will open six food & beverage units at the new Beijing Daxing International Airport.…
Forever 21 closes in Hong Kong
Struggling Californian fast-fashion retailer Forever 21 has shut its last shop in Hong Kong, officially pulling out of Hong Kong as months of civil unrest take a toll on high-street retailers.…
P&G partners with Aelia Duty Free to launch Snowberry at Auckland Airport
P&G Global Skin & Personal Care has introduced New Zealand natural anti-ageing skincare brand Snowberry into global travel retail with an exclusive launch event in partnership with Aelia Dut…
Uniqlo produces clothes made from plastic bottles
Fast Retailing Co., the operator of the Uniqlo casual apparel chain, said it will produce clothes made from used plastic bottles, in cooperation with Toray Industries Inc.…