Amazon.com said Thursday the e-commerce giant is in discussions with the U.S. Postal Service about its future relationship and considering its options before its current contract expires next year. Read More
A new crop of Chinese gold jewelry brands are attracting investor interest in the wake of Laopu Gold Co.’s breakout success. Read More
Thirteen more leading luxury brands, including Gucci and Versace, are suspected of using subcontractors in Italy who exploited Chinese workers, according to a request issued on Thursday. Read More
November’s retail sales, in discretionary categories proved unexciting — that’s the conclusion to be drawn from the latest monthly High Street Sales Tracker (HSST) from accountancy and business advisory firm BDO. Read More
Ulta Beauty raised its annual sales and profit forecast on Thursday, betting on strong demand for its makeup and skincare products going into the holiday season. Read More
An Italian unit of e-commerce giant Amazon has paid compensation and scrapped a monitoring system for delivery staff, ending a probe into alleged tax fraud and illegal labour practices, sources said on Friday. Read More
Italy’s fashion associations unite to support legality, but warn against the media sensationalism emerging in the wake of investigations by the Milan public prosecutor’s office into labour exploitation in the industry. Read More
London property giant Shaftesbury Capital has announced that Andrew Price, executive director will be stepping down from his role at the end of this year “to pursue other opportunities”. Read More
China’s HongShan Capital Group (HSG) has sent a 2.5 billion euro ($2.91 billion) offer to private equity Permira to buy Italian luxury sneaker maker Golden Goose, with the aim of signing the deal by Christmas. Read More
IKEA plans to source more products from factories in the US, the Swedish furniture group’s top supply chain executive told Reuters, as President Donald Trump’s tariffs drive up the cost of importing numerous goods. Read More
