From making illegal cross-border deliveries to China in a minivan to buying a fleet of Boeing aircraft, the boss of SF Express has ridden a wave of online shopping to become one of the country's richest men. Though secretive and media-shy, founder Wang Wei has found himself thrust into the spotlight […]

Tuscan firm Malo recently has revealed some upcoming financial issues. The cashmere company seems to be heading towards a few new obstacles in the near future. After facing a bankruptcy filing of its parent company IT Holding a couple of years ago, Malo is facing new financial struggles. The crisis […]

Alibaba and Malaysia announced Wednesday that they will set up a logistics and e-commerce hub in the Southeast Asian country to boost small and medium-sized companies, a first for the internet giant outside China. The hub will be located near Kuala Lumpur International Airport as part of a "digital […]

London - Authentic Brands Group (ABG) parent company of Juicy Couture, Airwalk and Spider, has joined forces with renowned golfer Greg Norman to form a joint venture to own and manage the Shark Brand. The move sees Greg Norman joining the roster of ABG's increasing celebrity and entertainment portfolio, […]

Online fashion portal Jabong has added American fashion brand Forever 21 to its product portfolio. The company said, Forever 21, which is the 5th largest specialty retailer in the United States, will be available on Jabong in variants across the apparel, accessories and footwear categories such as play-in […]

As part of its sustainability strategy, the Otto Group has almost doubled its order quantity for sustainable cotton for its own and licensed brands by 22 percentage points to 49 percent of the total cotton volume. Using certified cotton with the "Cotton Made in Africa" (CmiA) label has also saved more […]

Saks Fifth Avenue faced a cyber security attack resulting in tens of thousands of customers having their information exposed on an unsecured website. “We take this matter seriously,” said a spokesman for Hudson’s Bay, Saks' parent company. “We want to reassure our customers that no credit, payment or […]

Activist investor Starboard Value LP has sold its stake in Macy's. Starboard had been pressuring Macy's to separate its retail business from its real estate business. The move does give incoming chief executive officer Jeff Gennette more leeway with the company. Starboard's exit comes after Hudson Bay […]

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