PayPal has announced that it is to buy Simility, a fraud prevention and risk management platform, for 120 million dollars, as it looks to enhance payment experiences for merchants and customers by reducing fraudulent activity. “Digital commerce has exploded, and fraudsters have taken note, adapting […]

Luxury conglomerate Kering has confirmed that it is in talks with British designer Christopher Kane to sell back control of his label, which it current owns 51 percent of. In a short statement, Kering said that “discussions are underway with Christopher Kane about the conditions in which the British […]

Announcing its financial results for the first time in 108 years, luxury house Chanel said that its revenues reached around 10 billion dollars last year. This revelation from the company known for No. 5 perfume, little black dresses and financial secrecy, comes at a time when Kering SA’s Gucci said […]

The storied French crystal maker Baccarat, founded by Louis XV more than 250 years ago, said Thursday that a Chinese fund had finalised a deal to purchase the company, more than a year after the plan was first announced. Fortune Fountain Capital, founded by the Chinese businesswoman and Baccarat collectioner […]

Recruiting site Glassdoor has revealed the winners of its 2018 Best Places to Work -- Employees’ Choice Award, which is based on anonymous feedback shared by job applicants and employees. After tracking all the input received on its platform in 2017, Glassdoor ranked companies from all sectors according […]

Recruiting site Glassdoor has revealed the winners of its 2018 Best Places to Work -- Employees’ Choice Award, results which are based on anonymous feedback shared by job applicants and employees. Athletic apparel brand Lululemon is the fashion company with the best performance on the ranking of best […]

Online retailer Amazon has come under criticism because of its disposal of returned and unsold items. According to reports by German public-service television broadcaster ZDF and German business weekly Wirtschaftswoche on Friday, in the German warehouses of the US company, large volume of goods are […]

Reliance Brands, owned by India’s largest retail chain Reliance Retail, will buy Genesis Luxury, a group company of private equity fund Sequoia Capital-backed Genesis Colors, for an estimated Rs 450 crore. The acquisition will make Reliance a dominant player in the country’s booming luxury market, and […]

Italy’s Ferragamo family, which controls the Salvatore Ferragamo group is planning to sell a 3.5 percent stake in the company through an accelerated book building (ABB), reports Reuters. Through its holding Ferragamo Finanziaria, the family owns 57.76 percent of the firm, however total family members […]

Water and snow samples collected in a recent Greenpeace expedition to the Antarctic have revealed the presence of microplastics and persistent chemicals. Their findings confirm that plastic can be found even in the most remote areas of the planet. The extensive use of polyester in the fashion industry […]