Richemont and Alibaba Group’s luxury joint venture has gone live in China, presenting 130 brands in one location on the Tmall e-commerce site.
Richemont reported its weakest profit margin in more than a decade, showing how much it’s costing the Swiss luxury-goods maker to push into e-commerce.
Luxury goods group Richemont said on Monday that it has concluded the merger of its high-fashion online retail business Net-A-Porter with Yoox, a global Internet retailer for fashion brands, and will receive 65,6m shares in the enlarged Yoox Net-A-Porter Group. Yoox owns popular
Many innovation hubs have been proposed around the world, ostensibly modelling themselves on Silicon Valley. There have been successes, but most peter out. Silicon Cape, launched…