The luxury menswear label closed 2018 with net income of €34 million (+4%) and is forecasting further growth in 2019, after acquiring a stake in Thom Browne and striking e-tail partnerships with Farfetch and Tmall.
France’s buoyant SMCP, the owner of the Sandro, Maje and Claudie Pierlot brands, on Tuesday announced a new partnership with China’s JD.com and will expand its online presence in the world’s key luxury growth market.
Amazon.com Inc said it will shut its China online store by July 18, as the U.S. e-commerce giant focuses on the lucrative businesses of selling overseas goods and cloud services in the world’s most populous nation.
Japanese cosmetics giant Shiseido has signed a business partnership with Alibaba to develop new products for the Chinese market. It said the tie-up will also see the companies collaborate on marketing and ecommerce.
The New York-based sports and footwear retailer announced on Tuesday that it has realigned its organizational operating model into three geographical regions, appointing the new divisions’ leaders from within.
Estée Lauder Cos Inc raised its annual profit forecast after posting better-than-expected quarterly results on Tuesday, driven by strong growth in China and higher demand for skincare brands such as La Mer.
Luxury label Mulberry has launched on Alibaba’s Tmall Luxury Pavilion, the dedicated site for premium brands, with exclusive products and a social media campaign designed to reach high-spending Chinese consumers.