China’s Tan Mujiang has opened its first-ever U.S. store, setting up shop in New York City.…
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LVMH offers to acquire Tiffany & Co.
Louis Vuitton owner LVMH has approached Tiffany & Co. with a $14.5 billion acquisition offer, people familiar with the matter said, at a time when the U.S. luxury jeweller grapples with the impac…
L’Oréal officially aquires Mugler and Azzaro from Clarins
Following consultation with employee representatives of both parties, L’Oréal and Clarins Group signed an agreement for the sale of the Mugler brands and Azzaro fragrances through the acquisition of t…
Authentic Brands Group acquires Barney’s New York
After much speculation, Authentic Brands Group (ABG) announced that it will acquire Barney’s New York. The global brand development company first placed a bid for the fashion company in mid-October 20…
Forever 21 filing for bankruptcy
Apparel retailer Forever 21 said it is filing for Chapter 11 bankruptcy protection.…
MIPIM Asia Summit
MIPIM Asia Property Leaders Summit, where top-level Asian property market professionals from all sectors gather to build partnerships, gain industry insight, and discover the most outstanding projects…
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 …
The battle between Naver and Kakao in the Korean mobile payment market
South Korea’s biggest internet search company Naver has finalized its plan to launch a financial subsidiary by November, presenting a challenge to the country’s leading messenger app operator Kakao in…
Pandora partners with UNICEF
Jewellery brand Pandora is teaming up with UNICEF to launch a new global partnership to support the world’s most vulnerable children.…
Alibaba Group and NetEase invest in NetEase Cloud Music
Alibaba Group and NetEase have entered into a definitive agreement for Alibaba, together with Yunfeng, to invest approximately US$700 million in NetEase Cloud Music in its latest round of financing.…