Ant Financial Services Group, operator of China’s biggest online payment platform by market share, Alipay, has closed its latest funding round having raised $10 billion from a clutch of global and local investors.
Moda Operandi is debuting its showroom-to-shopping e-commerce trunk show experience for fine and heirloom jewelry in the US. The company has previously experimented with the trunk show format for other categories.
Department store numbers have plummeted in England over the last decade. And it looks like they'll continue to fall as House of Fraser prepares to shut a number of stores and as Debenhams also plans closures.
Luxury lingerie brand Coco de Mer is growing as it approaches the end of its first year under independent ownership with its wholesale business rising 150% and plans laid for interesting new collaborations.
Victoria's Secret will open a flagship store in Melbourne by year end, which will see the US lingerie giant stock its entire apparel, intimates and beauty range for the first time under one retail roof in Australia.