Nicolás Corral, head of Spanish fashion and accessories brand Bimba y Lola, has stepped down from his position and is moving to Acciona, according to Expansión. The move comes as the company approaches a possible sale.
Ant Financial Services Group, operator of China’s biggest online payment platform by market share, Alipay, has closed its latest funding round having raised $10 billion from a clutch of global and local investors.
Carlyle Group is set to close its biggest-ever Asia private equity fund at $6.5 billion, people with direct knowledge of matter said, in a deal that adds to the record levels of funds seeking deals in the region.
Supreme reportedly reached out to local residents in San Francisco's SoMa neighborhood in a letter of intent offering an informational community meeting pertaining to a proposed new store the brand wants to open in 2019.
After scouting for a buyer for a 100 percent stake in its Indian unit in January this year, Pepe Jeans has received non-binding offers from five global companies which could see one sign a deal in the near future.