Israel’s diamond exchange is turning to digital currencies to inject new life into a marketplace long ruled by cash and backroom handshakes, but it must first persuade conservative players that the technology works.
Hudson’s Bay Co plans to reject Austrian property and retail group Signa Holding GmbH’s 3 billion euro bid ($3.7 billion) for Kaufhof, Germany’s largest retail chain, people familiar with the matter said on Wednesday.
Brazilian company Natura, owner of The Body Shop, has launched a corporate rebrand that will see the group change its name to Natura & Co to better reflect its transformation into a multi-brand conglomerate.
ANDAM has revealed the name of the winners’ mentor for this year’s emerging designer prize: Pierre-Yves Roussel, a member of LVMH's executive committee, who will oversee the competition this year for the second time.
Michael Kors Holdings Ltd reported strong holiday-quarter sales and raised its full-year revenue forecast, showing the luxury goods maker’s moves to cut promotions in order to reinvigorate sales were paying off.