Fidelity Management and Research Company, one of the world’s largest mutual fund companies, has invested 55 million dollars in talent, sports and fashion agency WME-IMG, which runs fashion week’s across the world including in New York, Berlin, Australia and Istanbul. Fidelity now joins SoftBank and […]

London - German accessories brand, MCM, known for its signature logo-printed, studded backpacks, is aiming to more than double sales to 2 billion dollars within five years, as it looks to expand in markets such as Europe and Japan. Founded in Munich in 1976 by designer Michael Cromer, the accessories […]

Touted to be a business worth 40 billion dollars (around Rs 2.5 lakh crores) growing at an explosive rate of 25-30 percent every year, weddings in India have undergone a huge change in terms of planning, rituals as well as fashion and budgets. While they have moved away from being just intimate family […]

Global exports of Swiss watches plummeted in March, amid a dramatic contraction of sales in main markets Hong Kong and the United States. Exports fell 16.1 percent from March 2015 to 1.5 billion Swiss francs (1.5 billion US dollars, 1.4 billion euros), the Federation of the Swiss Watch Industry (FHS) […]

Oxford Industries has bought US lifestyle apparel company Southern Tide from private equity firm Brazos for a price reported to be 85 million dollars. Southern Tide CEO Christopher H Heyn and COO/CFO Rob Iorio will stay with the company under its new owners. Atlanta-based Oxford, owner of Tommy Bahama […]

Mumbai - Since Monday, about 15,000 garment workers - many of them women - from five garment units have been protesting on the outskirts of Bengaluru (formerly known as Bangalore), the capital of India's southern state of Karnataka. The workers staged the massive, at times violent demonstration to protest […]

China's top internet finance company, e-commerce giant Alibaba's affiliate Ant Financial, could start the process of going public this year, reports said Monday, with the firm's latest fundraising valuing it at 60 billion US dollars. Ant Financial Services Group, which owns and operates the Paypal-like […]

REPORTH&M sales including VAT in March 2016 increased by 2 percent in local currencies for the H&M group compared to the same month last year. The company has said that sales in March, April and May should be viewed together because the Easter holiday falls in different months in different years, and […]

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