H&M is upbeat despite a tough six months, saying it's on the right path, is improving the product mix, seeing good results from new launches and scaling up tech developments that offer future profit potential.
Alibaba has invested in luxury online wholesale fashion tech firm Ordre as the three-year-old company positions itself for major growth. Ordre said Alibaba is now “a strategic investor,” but the terms weren’t disclosed.
American trade show organizer UBM has confided the development of its new event to Pierre-Nicolas Hurstel. Remode, a networking event for brands, with conferences, meetings and demonstrations, is slated for November.
Chinese e-commerce company JD.com made a pitch on Wednesday to attract more European luxury brands to its site, saying it can offer faster delivery and better protection against fakes than bigger rival Alibaba.