One of the largest textile sourcing shows on the East Coast, Texworld USA will come to NYC's Javits Center for a round of talks on sustainability and more. The trade show will run from January 21 through January 23.
The German fashion house expects a significant improvement in sales and earnings in the fourth quarter after higher markdowns to shift unsold stock in an unseasonally long summer dented profits in the last three months.
Wirecard, the fintech firm that last month joined Germany's blue-chip index, said on Tuesday it expects core profits to grow sixfold by the middle of the next decade thanks to a boom in e-commerce and digital payments.
Sephora is heading east and opened its first flagship store in Russia. The brand also opened its first German flagship store since it left the country 16 years ago and started to re-enter with shop-in-shops last year.
Rocket Internet responded to investor calls to use some of its 2.1 billion euro cash pile on Thursday with a plan to buy back shares worth up to 150 million euros, 3.6 percent of its outstanding stock.