Shanghai - The net worth of China's ultra-rich surged this year with Evergrande real estate mogul Xu Jiayin's 43 billion USD fortune catapulting him to the top, a survey released Thursday said. An all-time high 2,130 people made the annual ranking of China's richest individuals compiled by Shanghai-based […]

Allume just announced a new styling, personal service. The service launched this past Wednesday, October 11, connecting both stylists and customers for a more unique, one-on-one experience. The service launched as a way to give each customer their own personal stylist who will help them determine their […]

Amazon has bought Body Labs, a body-scanning startup that creates true-to-life 3D body models, for an undisclosed sum. The online retail giant has declined to comment on the acquisition, however, Body Labs has confirmed the news on its website. “Exciting news! We’ve been acquired by Amazon. We look […]

U.S. department store operator Bon-Ton has hired consulting firm AlixPartners to provide operational advice regarding its turnaround efforts. Meanwhile, PJT, a restructuring advisory firm, looks into the refinancing of the company’s debts. After global investment bank PJT drafted the preliminary plan […]

True Religion has received Chapter 11 Bankruptcy approval from Delaware to slash their nearly 500 million dollars in debt by 70 percent through a debt-for-equity swap. Earlier this year, the company filed for bankruptcy so they could grapple their debt and declining sales. Court documents said the company […]

Retail technology solution company Aptos, Inc. just announced that it has completed its acquisition of TXT Retail, global provide of merchandise lifecycle management (MLM) solutions for apparel and luxury goods. Announced on October 3, the company will now be known as TXT Retail, an Aptos company. The […]

Luxury consignment company The RealReal has announced it has established National Consignment Day as an official holiday, henceforth taking place annually the first Monday of every October. This new official holiday solidifies The RealReal's consignment model as a key stimulator of the circular economy. […]

UPDATE London - Burberry has announced the official start of its new, strategic partnership with Coty on Monday morning. The move signals the beginning of Burberry’s global licensing agreement with the beauty giant to accelerate the growth and development of its beauty business. “Following months of […]

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