Hong Kong has taken over from New York as the city with the most expensive street as far as retail rents are concerned but Paris and London rents are growing fastest for luxury labels, two new reports show.
The U.S. Justice Department and Securities and Exchange Commission have subpoenaed Snap Inc for information about its March 2017 initial public offering, the social media app maker told Reuters on Tuesday.
Fashion brands need to put their foot down and take action to prevent “a race to the bottom” in terms of discounts that threaten whole fashion retail eco-system, Farfetch CEO José Neves told FashionNetwork.com.
Asians catching up on the West’s obsession with health and wellness is a trend that has created attractive investment opportunities, Ravi Thakran, a regional LVMH boss, told a luxury conference on Tuesday.
Amazon.com Inc confirmed on Tuesday it would invest $5 billion and create 50,000 new jobs in the two new headquarters in NYC and Northern Virginia, ending a frenzied year-long bidding war among U.S. cities.