Alibaba has invested in luxury online wholesale fashion tech firm Ordre as the three-year-old company positions itself for major growth. Ordre said Alibaba is now “a strategic investor,” but the terms weren’t disclosed.
M&S has added experienced non-exec directors to its board as it prepares to deliver its latest results, with more store closures expected and potential demotion from the FTSE100 if its share price falls further.
Matchesfashion went from strength to strength in the year that it was bought out with revenues up 44% and profits up 34%. And importantly, as much as 82% of its business was generated outside its home market, the UK.
Chadstone Shopping Centre has clocked more than $2 billion in sales annually, a first for the Melbourne-based mall, as it continues to redevelop and attract more global brand store openings to its centre.