E-tail giant Zalando said on Monday that it has acquired a controlling stake in Highsnobiety for an undisclosed sum. The two companies will now “join forces to lead the way in engaging and inspiring customers”.
Burberry has unveiled its latest ambassador with the company linking with another professional footballer. This time it’s Son Heung-min, the South Korean who plays for English premier League club Tottenham Hotspur.
The Machine-A retail brand is going international and will open a Shanghai store this year, its first permanent location outside of the UK. The debut will also include an exclusive link-up with Raf Simons.
Britain's economy unexpectedly shrank in April, official figures showed Monday, adding to fears of a slowdown three days before the Bank of England possibly unveils another rate rise in response to higher inflation.