JD Logistics seeks bank pitches for Hong Kong IPO of up to $3 bln, sources say
The logistics business, the offshoot of Chinese e-commerce giant JD.com Inc, would be the latest subsidiary of the parent company to be spun off and listed in Hong…
Kering recognised industry leader in the 2017 Dow Jones Sustainability Index
Kering’s efforts to embed sustainability across its entire supply chain and the progressive targets linked to the Group’s new 2025 sustainability strategy have translated into industry-leading results. Kering’s…
Farfetch accelerator has sustainability focus for 2019, adds Stella McCartney
And the second year of the programme sees the luxury e-tailer seeking applications from start-ups which are still at the seed stage of their development and have a…
One of world’s largest diamonds fetches $6.5 million to aid Sierra Leone
The egg-sized, 709-carat diamond found by a Christian pastor was bought at auction in New York by Laurence Graff, a British billionaire and jeweler, according to the Rapaport…
Indigenous groups are asking the UN to ban cultural appropriation
The delegates meeting in Geneva represent indigenous groups from nearly 200 countries, including Mexico, New Zealand and the United States. As reported by the CBC, dean of law…
Target gives over $300 million in response to Covid-19 outbreak
The company, which has kept stores open during thus far during the outbreak, said that all full-time and part-time hourly team members working in its stores and distribution…
U.S. retail executives readying for change post-coronavirus- survey
The survey of 98 U.S.-based executives revealed that most expect a recovery of store traffic to take at least several months, with 36 percent estimating six months or…
The luxury industry seeks to attract young people to craftsmanship
The leading luxury conglomerate is touring different cities in France to raise awareness among “schoolchildren, high school graduates, students and people in conversion” about professions linked to creation,…
YNAP, About You and Zalando link up on new climate action initiative
The three giant e-tailers are launching “a bespoke learning platform to support their brand partners in setting climate targets aligned with science”.Their shared aim is to reduce carbon…
UK consumer industries warn curbing energy support will hit demand
A two-year energy support scheme for households and businesses, expected to cost more than 100 billion pounds ($113 billion), will now end in April and be replaced by…