Hudson’s Bay Co. has poached Paige Thomas from U.S. department store chain Nordstrom Inc. to name her president of Saks Off 5th in a sign of increased activity in the off-price segment as retailers battle for market share.
The ecommerce debut of Lanvin in that region is part of a multibrand cooperation that brand owner Fosun Fashion Group has with Secoo Group, currently one of the leading retailers of luxury goods in the Greater China region.
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The funding came from existing investors New Enterprise Associates and Apax Digital Fund, along with extra investment by the Santo Domingo family, Comerica Bank, TriplePoint Capital and others.
Nine new fashion and luxury professionals have joined the committee this year, taking the total to 59 executives, editors and celebrities. Model Gigi Hadid joins the panel as showroom ambassador for the semi-final of the 2020 LVMH Prize.
Matchesfashion, one of the leading online luxury retailers worldwide, has responded to feedback from its customer base and introduced new packaging that respects the environment.
While growth in the watch sector has been relatively flat, the jewelry industry represents substantial financial opportunities for everyone from powerhouse Cartier to newcomer Kimai.
Known for its signature tiger embroidery, Kenzo’s flagship store on Tmall will sell ready-to-wear, footwear, bags and accessories collections.
Without the backing of huge conglomerates and vast marketing budgets, how can independent niche brands still make an impact on ecommerce in China?
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