China’s e-commerce giant, Alibaba Group Holding, said on Friday it would invest an additional $3.33 billion to raise its equity stake in its logistics affiliate Cainiao Smart Logistics Network to 63% from 51%.
Up-for-sale Australian brand RM Williams’ earnings are forecast to more than triple by 2024 said investment bank Goldman Sachs in a pitch sent out to attract interest from potential trade and private equity buyers.
Tom Tailor’s refinancing negotiations seem to be finally entering their final stage, with the troubled chain announcing on Wednesday it has reached an agreement with its lenders and majority shareholder.
The French label owned by Chinese conglomerate Fosun has inked a global licence deal with Marchon for the production of its men’s and women’s eyeglasses and sunglasses. The collections will debut in September 2020.