Asia Independent Luxury Group (Ailux), a UK-based business “focused on providing boutique luxury brands with access to the Chinese market”, has entered into a partnership with a giant Chinese name — e-tailer JD.com.
If you’re wondering why JD Sports Fashion full-year results are being held back, it certainly isn’t performance-related. Strong sales have prompted JD to raise its profit guidance for the third time in five months.
JD Sports Fashion is turning its attention to esports, the booming international video games competition arena. The UK’s biggest athletic sportswear retailer has signed a commercial partnership deal with Excel Esports.