Marks & Spencer Group Plc’s decline in general merchandise sales accelerated in the three months to the end of October, as the retailer pulled forward its mid- season sale, Nomura said, citing Kantar Worldpanel data.
Blackstone Group LP, the world’s biggest manager of alternative assets including private equity and real estate, agreed to buy a 40 percent stake in Chinese shopping mall developer and operator SCP Co.
Hong Kong stocks rose, with the city’s benchmark index climbing by most in almost two months, amid earnings optimism and as investors await the outcome of the Federal Reserve’s policy meeting concluding today.
With the Winter holiday shopping season, fashion apparel retailer Zara has been the focus of media attention — the New York Times recently profiled the innovative fast fashion business model pioneered by Zara, while Elizabeth Cline's book on the costs of fast fashion has climbed up the sales charts. Despite this very recent popularity, the novel business model of Zara has gone virtually unnoticed for over 30 years,...
Amancio Ortega, the world’s third- richest man, widened his lead over billionaire fast-fashion rivals Stefan Persson and Tadashi Yanai last week, as strong performance from his Inditex SA gave further rise to a fortune that has risen more than 57 percent since the March 2012 debut of the Bloomberg Billionaires Index.
Inside Inditex SA’s concrete-and- glass headquarters in the Spanish town of Arteixo, a lithe woman slips into a dress that a seamstress working amid buzzing sewing machines stitched together just minutes earlier. A half circle of designers -- looking like models themselves -- nod approval.