India’s antitrust regulator on Wednesday approved U.S. retail giant Walmart Inc’s $16 billion acquisition of Indian ecommerce firm Flipkart, beefing up the competition for rival Amazon.com Inc in the fast growing market.
The LVMH group owns three Swiss luxury watch brands; Zenith, TAG Heuer and Hublot. FashionNetwork.com visited the three brands’ headquarters, ahead of their opening to the public for the LVMH ‘Private Days’ initiative.
FashionNetwork.com visited the Parisian atelier where the luxury label’s finest creations are hand-made. The atelier will be open to the public on October 12-14, as part of the LVMH group’s ‘Private Days’ initiative.
The Belgian lingerie specialist, parent company of brands including Marie Jo and Primadonna, has published negative preliminary results for the first half of the year, confirming the warning issued in April.
The private equity firm announced on Wednesday that it has concluded a deal to make a strategic minority investment in the LA-based cosmetics brand in order to help push its e-commerce and international expansion.