Exor and Hermès International announced an agreement to take Shang Xia, one of the first Chinese luxury companies, to the next stage of its development.…
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Alibaba Group announces financial results
Alibaba Group Holding Limited announced its financial results for the quarter ended 30th September, 2020.…
Moncler acquires Stone Island
Moncler S.p.A. and Sportswear Company S.p.A., that holds Stone Island brand, announce that they have reached an agreement as a result of which Stone Island joins Moncler to develop together a new shar…
Italian investment firm Style Capital acquired majority stake in Australia’s Zimmermann
Italian investment firm Style Capital has acquired majority stake in Australia’s Zimmermann. …
Coca-Cola extends partnership with Special Olympics International
The Coca-Cola Company is extending its partnership with Special Olympics International through 2023, building on more than a half-century of collaboration dating back to the organization’s inception i…
Nestlé to sell Chinese Yinlu business to Food Wise
Nestlé announced that it has agreed to sell its Yinlu peanut milk and canned rice porridge businesses in China to Food Wise Co., Ltd.…
L Catterton invests in Function of Beauty
Function of Beauty, a creator of customizable hair, skin, and body care products, announced that it has received a $150 million strategic minority investment from L Catterton, the global consumer-focu…
Pinduoduo announces financial results
Pinduoduo became the fastest e-commerce company to surpass 700 million active buyers, setting another record as the five-year-old company reported its first quarterly profit since listing.…
JD.com, Blackstone looking to acquire Fancl’s Asia distributor
Fancl Corp is currently being considered for purchase by up to ten suitors, including JD.com and Blackstone, according to a Reuters report.…
Tricker’s partners with Melchers to develop in mainland China and Hong Kong
Northampton footwear brand Tricker’s and global company Melchers have signed an exclusive distribution partnership to develop the Tricker’s brand in mainland Chinese and Hong Kong markets.…