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Greek jeweller Folli unveils restructuring plan, CEO steps down

Greek jewellery maker Folli Follie will seek creditor approval for a planned overhaul of the business, it said on Tuesday after announcing the resignation of the troubled company’s CEO.

Noted luxury executive Anthony Chalhoub dies in Paris

Anthony Chalhoub, scion of the leading luxury goods merchant family of the Middle East and a noted executive in the region, died in Paris on Monday after battling a long illness. He was 63.

No Christmas cheer for fashion firms in never-ending sales

Clothing retailers have felt a pre-Christmas chill slicing through their margins as they try to lure shoppers to spend rather than hold off in anticipation of ever-bigger price cuts.

L Brands licenses Victoria’s Secret, Pink eyewear to Marcolin

Eyewear manufacturer Marcolin has signed an international licence deal with the US fashion group for the production of Victoria’s Secret and Pink eyeglasses and sunglasses, valid until 2023.

Turkish retail sales volume drops 7.5 percent in October
Turkish retail sales volume tumbled 7.5 percent year-on-year in October, a second consecutive month of decline, official data showed on Tuesday in a fresh illustration of an economic slowdown.

4:37 AM | Fashion | Industry | Retail

Turkish retail sales volume drops 7.5 percent in October
Activist fund raises stake in Lagardere above 5 percent
Activist investment fund Amber Capital has raised its stake in Lagardere above 5 percent, France’s stock and bond regulator said Tuesday.

4:30 AM | Fashion | Business

Activist fund raises stake in Lagardere above 5 percent
Pernod Ricard invests in Africa's online retailer Jumia
French spirits group Pernod Ricard said on Tuesday it was buying an unspecified stake to become a “strategic shareholder” in Jumia, Africa’s leading online retailer.

4:24 AM | Fashion | Business

Pernod Ricard invests in Africa's online retailer Jumia
Carrefour Brasil wholesale unit to keep pace in store openings
The wholesale division of Carrefour Brasil, the nation’s largest retailer, plans to keep up its aggressive pace of store openings for at least the next three to four years.

4:14 AM | Fashion | Retail

Carrefour Brasil wholesale unit to keep pace in store openings
Chanel returns to Courchevel with pop-up store
As it has done for the past nine years, the luxury house Chanel has opened a pop-up store in the prestigious ski resort of Courchevel in the French Alps.

4:10 AM | Luxury | Retail

Chanel returns to Courchevel with pop-up store
Adidas launches new initiative for women in sports
Adidas has launched a new initiative that will include a number of major projects. These include supporting professional athletes, identifying barriers and proposing solutions for getting women to participate in sports.

3:11 AM | Fashion | Campaigns

Adidas launches new initiative for women in sports
FedEx cuts 2019 earnings forecast on economic slowdown
U.S. package delivery company FedEx on Tuesday cut its 2019 forecast after Europe’s economy weakened and the U.S. trade skirmish exacerbated a slowdown in China, sending its shares tumbling.

2:29 AM | Fashion | Business

FedEx cuts 2019 earnings forecast on economic slowdown
Sears to take $443 million in charges arising from store closures
Bankrupt U.S. retailer Sears Holdings Corp will take a charge of about $443 million arising from store closures, a regulatory filing showed on Tuesday.

2:07 AM | Fashion | Business

Sears to take $443 million in charges arising from store closures
WeAre8 names former Nike exec Danny Tawiah as new CMO
Micro-influencer social media platform WeAre8 has announced that Danny Tawiah, the former vice president of global digital brand innovation at Nike, has joined the company's executive team as chief marketing officer.

1:46 AM | Fashion | Media

WeAre8 names former Nike exec Danny Tawiah as new CMO
Use of AI soars as retailers grapple with its benefits and challenges
A study from Capgemini has found that artificial intelligence is on the rise in retail, with 28% of retailers saying they are deploying it, up from 17% in 2017, but its implementation has been a reality check for some.

12/18/18 | Fashion | Industry | Retail | Innovations

Use of AI soars as retailers grapple with its benefits and challenges