Chinese e-commerce giant Alibaba said Wednesday it would inject another 1 billion USD into Southeast Asia's Lazada, as the cashed-up company increases its stake in the region's nascent online shopping market. The investment will raise Alibaba's holding in Lazada to 83 percent from 51 percent and take […]

Belgian prosecutors said on June, 22 they have closed an investigation into a 2.9 billion euro capital increase in a Belgian company owned by billionaire and chief executive of LVMH (LVMH.PA) Bernard Arnault. According to the court report, prosecutors in charge of the case concluded that Arnault has […]

Ivanka Trump will be speaking in front of a judge in October this year as she has been forced to give a deposition in a lawsuit by the Italian shoemaker, which claims the U.S. President’s daughter’s namesake label copied its designs. Earlier this week, a federal judge ruled that Ivanka Trump will be […]

London - eBay has partnered up with InstantLuxe.com in order to strengthen its luxury offering and fight against online counterfeiters. The new partnership sees eBay and InstantLuxe.com, held by Gallery Lafayette Group, launching a dedicated, platform on eBay which will offer genuine, certified second-hand […]

London - French luxury label Louis Vuitton is planning to open a factory overseas in the United States to meet increasing demand for its handbags. The move comes as the LVMH brand mulls over opening an additional manufacturing location in France and expanding its workshop in Portugal, reveals Michael […]

A New York fashion designer admitted his role Wednesday in an alleged international bribery scheme involving the brother and nephew of former UN chief Ban Ki-moon, officials said. Malcolm Harris, 53, pleaded guilty in a New York federal court to money laundering and wire fraud after pocketing a 500,000 […]

As the third-largest retailer, ranked by Forbes earlier this year, Amazon is know moving towards a new Prime Wardrobe service for fashion. Exclusively for prime members, the new service will​ allow customers to try on their clothing before committing to buy. The Prime Wardrobe feature is a box service […]

London - Kering has rebuffed all allegations made in a class action lawsuit concerning the origins of its luxury eyewear and sunglasses which are labeled as ‘Made in Italy’. Selima Optique, a luxury eyewear and sunglass designer boutique in New York and France, filed a class action lawsuit in a Manhattan […]

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