Italian eyewear group Luxottica said on Tuesday it had acquired a 67 percent stake in Fukui Megane, a family-owned Japanese manufacturer specialising in the production of titanium and solid gold spectacles.
Nordstrom Inc said it had rejected an indicative take-private offer from its founding family group worth about $8.4 billion, a 2.2 percent discount to the U.S. department store operator’s market value as of Monday.
According to a study from IDC, the American company elbowed out competitors Fitbit and Xiaomi to claim the top spot in the global wearables market in 2017, as growth in the sector slows but shows no sign of stopping.
MySale Group has reported record sales and profitability for the half-year to December 31 with recent investment in its buy now, pay later option (called Ourpay) and its other tech updates helping to drive it forward.
U.S. e-commerce giant Amazon aims to launch its grocery delivery service in France as part of global ambitions to expand in food retail, though the move is not imminent, its general manager for France said.
Trade show Shoptalk and venture capital firm Commerce Ventures have unveiled Shoptalk Ventures, a programme that has committed $1 million over the next 24 months to 20 e-commerce and retail technology startups.
Edgewell Personal Care Company announced it has completed the acquisition of Texas-based luxury men's skincare company Jack Black, LLC. The brand was ranked the #1 best-selling men's skincare brand for 2017 by NPD Group.
The retailer forecast broadly lower-than-expected full-year profit on Friday as the department store operator grapples with weak demand for its clothes and fierce online competition, sending its stock down 10 percent.
Gerry Weber wants to boost its turnaround with the debut of a new brand. Gr8tful is a digital-only label offering premium womenswear with its launch this month inviting customers to a “relaxed online shopping” experience