Chinese social media firm Tencent and e-tail platform JD.com on Monday said they will jointly invest $863 million in Chinese discount online retailer Vipshop Holdings Ltd, upping its rivalry in retail with Alibaba Group.
The operator of brands Calida, Aubade, the Millet Mountain Group and Oxbow has announced the departure of its financial director, after 12 years with the Swiss group. He will cease his role in June 2018.
L Catterton Asia has announced the launch of a joint venture between two of its portfolio companies – GXG, the Chinese menswear fashion group, and 2XU, the premium compression activewear from Australia.
Lenzing Group, a supplier of the global textile and nonwovens industry, has announced in its meeting on December 13 that the Supervisory Board has decided to reappoint Stefan Doboczky as chief executive officer.
Celebrity favorite Rimowa has opened a pop-up shop in Beverly Hills on Rodeo Drive. This is the first ever pop-up shop for the legacy German luggage and accessories brand known for its aluminum-sided ridged bags.