YNAP has announced the launch of a new programme to boost development of AI-based technologies designed to transform the e-tail experience. That will include features such as visual search and virtual try-on.
Richemont mixed good news with bad on Friday as it delivered its full-year results, with the giant luxury group reporting resurgent demand in China on the reopening of its stores, but also a profits plunge.
An investor group that comprises investment firm Mudrick Capital Management and hedge fund Third Point plans to challenge a $600 million financing package that Neiman Marcus has lined up for its looming bankruptcy.
Neiman Marcus Group is said to be preparing to seek bankruptcy protection as soon as this week, becoming the first major U.S. department store operator to succumb to the economic fallout from the coronavirus outbreak.