The Mueller report, the 22 month long investigation by special counsel Robert Mueller regarding corruption by Trump's campaign, was released on Thursday. In it, fashion investor and influencer Miroslava Duma was named. The news was reported by Garage Magazine. Page 78 of the report referenced Duma saying […]

Pinterest priced its shares at 19 US dollars for its initial public offering, valuing the image-sharing platform at 12.7 billion US dollars. The shares begin trading this Thursday on the New York Stock Exchange under the ticker symbol PINS. Goldman Sachs and J.P. Morgan Chase are leading the offering. […]

Facebook Inc is working to develop a voice assistant to compete with Amazon’s Alexa, Apple’s Siri and Alphabet Inc’s Google Assistant, Reuters reports. “We are working to develop voice and AI assistant technologies that may work across our family of AR/VR products including Portal, Oculus and future […]

Amazon plans to close down its online retail operations that cater to consumers in China in an apparent admission of defeat to local e-commerce rivals such as Alibaba and JD.com, a report said on Thursday. The US e-commerce pioneer will maintain other operations in China such as Amazon Web Services […]

The resale market is projected to reach 51 billion dollars in the next five years, according to a recent report from ThredUp, and fashion retailers are diving into this growing market. Last week, the H&M Group announced an e-commerce trial of secondhand sales for its & Other Stories brand, and now Neiman […]

WWD has reported that luxury Italian multi-brand store Stefaniamode has rebranded as Modes SpA as part of its re-branding strategy as the retailer works on expanding both online and offline. “In order to take on the global challenges of today’s luxury market, we wanted to ensure the company is eloquently […]

LVMH came first on Deloitte’s annual list of the world’s largest luxury goods companies once more, followed by Estée Lauder and Richemont. Kering and Luxottica switched places, with the French conglomerate moving up to the fourth position while the Italian eyewear giant fell to the fifth. The report, […]

British-based online marketplace and retailer, Wolf and Badger, which has stores in London and New York has completed a 4.5 million pound fundraise from Guinness Asset Management EIS Fund, which the retailer states will be used to “accelerate” growth. Recognised as a go-to place for independent designer […]

New York – Monsoon Accesorize, the parent company of the British accessories and fashion chains has brought in Deloitte advisers to look into options to speed up their financial turnaround. Amongst other options considered, the retail group is said to be looking into a possible Company Voluntary Arrangement […]

JD Sports has bucked the trend of the UK’s harsh retail environment, posting an almost-doubled revenue in its latest results for the 52 weeks to February 2. The sports retailer’s revenue was up 49.2 percent to 4.7 billion pounds for the period compared to the year before, with profit before tax increasing […]

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