Australian digital payments firm Afterpay announced its sale of a minority stake to Chinese conglomerate Tencent for AU$300 million.…
China’s luxury platform Secoo sees total sales, GMV soar in 2019
Chinese luxury retailer Secoo reported total revenues and gross merchandise value (GMV) increased by double-digits in the fourth quarter and full-year 2019.…
Lululemon opens Hong Kong flagship
In the midst of a global retail lockdown, Lululemon has opened its largest Hong Kong store to date, bringing a fresh offering of the Canadian firm’s luxury athleisurewear to the Asian hub.…
Nintendo Switch doubles first-quarter sales in March
Nintendo Switch has reportedly seen sales more than double in March, according a recent article.…
Aussie Disposals files for bankruptcy
Outdoor and camping equipment retailer Aussie Disposals has filed for voluntary administration, the latest retail casualty taken down by the global coronavirus pandemic.…
True Religion files for bankruptcy
Denim brand True Religion filed for Chapter 11 bankruptcy in Delaware, marking its second bankruptcy filing after its first back in 2017.…
Australia’s Myer to temporarily close all stores, stands down retail staff
Australian department chain Myer has temporarily close all its domestic stores, acting as a health precaution to the Covid-19 pandemic sweeping the globe.…
EssilorLuxottica names new Essilor CEO
Luxury eyewear conglomerate EssilorLuxotticca announced the promotion of Paul du Saillont to Essilor chief executive officer, effective immediately.…
Ted Baker appoints CEO
Ted Baker, the global lifestyle brand, announced the appointment of Rachel Osborne as Chief Executive Officer.…
Lululemon sales hit $4 billion dollars in 2019
Luxury activewear brand Lululemon said the total revenues for full-year 2019 hit $4 billion, on the back of double-digit sales growth in the fourth quarter.…