An Indian court on Monday overturned an order that had stalled Future Group’s $3.4 billion deal to sell its retail assets, sources said, in a setback for Future’s partner Amazon.com Inc, which has challenged the sale.
Amazon on Tuesday said founder Jeff Bezos would step down as CEO and become executive chairman, as the company reported a third consecutive record profit and quarterly sales above $100 billion for the first time.
In the 2020 annual review of “notorious markets for counterfeiting,” the US administration cited Amazon’s European portals alongside Chinese and other foreign marketplaces said to be teeming with fake products.
Brunello Cucinelli, who opened the famed Florentine trade fair Pitti on Tuesday, is fashion's resident philanthropic designer entrepreneur. One of fashion's busiest men discusses his idea for a new social contract.
More than 400 lawmakers from 34 countries have signed a letter to Amazon backing a campaign that claims the tech giant has "dodged and dismissed … debts to workers, societies, and the planet," organisers said.
American-born executive Ian Rogers is to exit 24S, the fledgling e-commerce wing of LVMH, the world’s largest luxury conglomerate, as part of a major shakeup in digital and information technology within the group.