Chinese billionaire Jack Ma, the founder of e-commerce giant Alibaba, has snapped up two historic French vineyards for nearly 12 million euros (13.56 million US dollars). Ma bought the Chateau Guerry and the Chateau Perenne, dating back to the 18th century, in the heart of the fabled Bordeaux wine-growing […]

Ralph Lauren confirm it will cut 1,000 jobs, or 8 percent of its workforce, as part of a cost-cutting drive. The US fashion brand also planned to close more than 50 stores and simplify its management structure. Ralph Lauren said the measures should save between 180-220 million dollars a year. Last year […]

New York - Ralph Lauren Corp. is set to make a number of job cuts as part of its 'Way Forward Plan', as the company aims to secure sustainable and profitable sale growth for the future, while creating long-term value for its shareholders. While the exact number hasn't been revealed, cuts are expected […]

Proenza Schouler is looking to increase their business in the accessories market. The New York-based company is taking a macro-approach to their accessories category as they attempt to counter the problems the accessories market is currently facing. Designers Jack McCollough and and Lazaro Hernandez […]

London - Dennis 'Chip' Wilson, founder of Lululemon Athletica is not pleased with the path the sporting goods company has taken, stating that it "has lost its way" and needs "a call to action." In an open letter penned to company shareholders on Wednesday, Wilson voiced his growing concerns for the […]

Whether domestic or for the couples flying in from other destinations, Spain has become a coveted choice of destination to tie the knot. While natives continue to celebrate this once-in-a-lifetime event with much fanfare, following some unique customs and traditions true to Spanish weddings, international […]

Alibaba's founder Jack Ma has said the New York-listed Chinese e-commerce giant is "actively assisting" an investigation into its accounting by the US stock market regulator, China's state news agency reported Friday. In an interview with Xinhua Thursday, Ma said that Alibaba has provided requested […]

Michael Kors has announced they will be cutting back on sales of their handbags and accessories to retailers in North America as they try and preserve their luxury identity. The brand has faced a number of challenges over the past months as it struggles to retain its position as a luxury brand. However, […]

On Tuesday morning, Stephen M. Ross, founder and chairman of Related Companies, had plenty of reason to celebrate. The 52-story development at Hudson Yards had finally opened, welcoming Coach as a tenant. “Sometimes the vision can end up being different from the reality, but this is truly great,” 76-year-old […]

Snapchat has a new algorithm in the works, one that could act as a gatekeeper between publishers and brands. Currently, the way Snapchat is set up allows users to see all messages from accounts they follow in chronological order, but a new algorithm would allow Snapchat to act as a curator of content […]




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